Ford’s electric vehicle unit lost $2.1 billion in 2022, putting the company in the redaccording to the new financial reporting system the automaker unveiled Thursday.
Ford said that beginning this year, the company’s financial results will be divided into three business units: Ford Bluewhich includes vehicles with combustion engines and hybrids; Ford model ein charge of electric vehicles, and Ford Prowhich provides commercial vehicles and services.
According to this new division, Ford Model e lost $2.1 billion in 2022133% more than in 2021. Meanwhile, Ford Blue had profits of 6.8 billion dollars, an increase of 106%, and Ford Pro earned 3.2 billion, an 18.5% increase.
It might interest you: Everyone to NL! Tesla’s arrival in Mexico could raise Monterrey salaries by up to 25%
In addition, Ford Next, which develops autonomous vehicles, lost $900 million, less than $100 million in 2021, and Ford Credit, the company’s financial arm, earned $2.7 billion.
In 2022, Ford had an adjusted net operating result (ebit) of $10.415 million and a net loss of $2.152 million.
Ford’s chief financial officer, John Lawler, said in a statement that the new financial reporting system “provides new levels of strategic clarity, insight and accountability for the Ford+ plan for growth.”
It is not limited to changing how we report financial results; we are transforming how we think, make decisions and run the company and allocate capital for higher returns,” he added.
Ford also reiterated today that it will produce about 2 million electric vehicles a year by 2026 and that it expects to achieve a 10% net operating profit margin that will be 8% for Ford Model e.
The last:
EFE International news agency based in Madrid and present in more than 110 countries.