Revenue from Fords EV division implodes
April 26, 2024
Ford Motor Company reported in its first-quarter results a whopping 84% plunge in revenue from its all-electric Model e division. While the commercial department is demonstrating positive growth, and the Detroit giant exceeded overall expectations, it is grappling with substantial challenges in its electric vehicle (EV) sector. Overall, the news isn’t bad. Recording $42.8 billion […]