Tag: electric vehicle

Ford lost $5 billion on its EV business in 2024—and things could get worse this year | Fast Company

~ knjohn ~ Leave a comment

Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.

The automaker forecast overall profitability for 2025, but even that was lower than in 2024. For the fourth quarter, it reported a net profit of $1.8 billion, up from a loss of $500 million in the year-ago quarter as pension-related costs weighed on results.

The company’s shares were down nearly 5% in after-hours trading

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Premarket stocks: Electric vehicle hype is still driving car stocks | CNN

~ knjohn ~ Leave a comment

Car sales at major automakers are plunging due to a shortage of computer chips that’s forced factory shutdowns and crimped supply.

But that’s not fazing Wall Street, which remains laser-focused on investment in electric vehicles that could power future growth.

What’s happening: General Motors (GM), Chrysler-owner Stellantis and Honda (HMC) all recently said that sales fell sharply over the past three months due to supply chain disruption. The latest update from Ford (F) is due Monday.

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Driving Solar Electric | Green Car Institute.org

~ lmehit ~ Leave a comment

Driving Solar Electric

Ford is offering an innovative package that pairs electric car ownership with a rooftop solar energy system generating enough electricity to offset an average of 1,000 miles of driving each month. The result is what many electric vehicle owners dream of – the ability to drive with zero emissions and effectively, without additional load on the grid. While the SunPower system doesn’t actually charge Ford’s upcoming 2012 Focus Electric directly, it does feed enough solar-generated electricity into the grid to offset the energy required for keeping batteries charged. Focus Electric owners can add the solar option for less than $10,000 after federal incentives.

The ‘Drive Green for Life’ program not only provides an all-new option for those who want to go the extra mile to drive sustainably, but also is big win for solar energy. Moves like this will motivate consumers to embrace solar energy who may not have done so otherwise.

via Driving Solar Electric | Green Car Institute.