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Ford Says Its Electric Vehicle Project Should Be Seen as a Startup After Reporting $US2.1 Billion in Losses
Ford Motors lost an estimated $US2.1 billion last year in its electric vehicle unit, the company announced on Thursday, adding it expects $US3 billion in losses for 2023. The automotive industry is floundering as interest rates skyrocket and consumer purchases slow, making it difficult for startup motor vehicle industries to flourish, CNBC reported.
