Ford is losing $US36,000 on every electric car it builds

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After posting one of its largest financial losses on record, Ford’s electric-car division is cutting back spending allocated to prepare its factories to build more battery-powered models.


US auto giant Ford has cut planned investments towards electric-vehicle production after the company’s electric-car division posted a significant financial loss last quarter – and was approximately $US36,000 ($AU57,000) in the red for every battery-powered…

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