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Ford is projecting major electric vehicle losses to continue until 2026 when the automaker expects production to hit two million a year. Says the CFO, the automaker is treating its new EV division as a startup within the automaker.
If you are thinking of buying an electric vehicle, there are some things to think about that should go into the equation. Torque News has looked at some of the features you should consider in this report.
Ford hasn't had it easy lately. With its CEO Jim Farley calling on the automaker to improve quality and a new quality chief in place, the automaker is still encountering problems. This time with a potential recall of 1.5 million midsized Fusions and Lincolns and a potential problem with F-150 pickups for problems with wiper arms.
Any automaker, whether it is Ford, GM, or Stellantis wants to make sure its products are in good shape. That's why it was important for Ford to shut down its Lightning assembly line to make sure its pickup was in good shape. The automaker found the problem troubling the pickup and is now ramping toward full production.
The Insurance Institute for Highway Safety (IIHS) issues safety ratings of current models sold in the U.S. The top ratings are a Top Safety Pick and Top Safety Pick Plus. Ford's Mustang Mach-E and Explorer earned Top Safety Pick ratings.