by Mish Shedlock, Mish Talk:

Ford (F) reports a huge loss on every EV. Sales are down 20 percent holding the losses to $1.3 billion.

My tongue in cheek “good news” comment aside, Ford Just Reported a Massive Loss on Every Electric Vehicle it Sold.

Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall.