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Ford’s Electric Vehicle Losses: Will the Blue Oval Bounce Back? – The Luxury Lifestyle Magazine
Ford Motor Company, one of the world’s largest and most respected automakers, has recently been in the headlines for its significant losses in the electric vehicle (EV) market. According to a recent report by Bloomberg, Ford has lost around $12 billion on its EV program since it began, and the company has yet to turn a profit in this sector. The news has left many industry experts and consumers wondering why Ford is struggling in the EV market and what the future holds for the company. One of the main reasons behind Ford’s losses is its slow adoption of EV technology. While competitors such as Tesla and General Motors were…