Ford Motor Company ($F@US) lost $2.1 billion in its EV business last year, which was offset by the $10 billion profit in its internal combustion and fleet business. The automaker forecast an adjusted loss of $3 billion for its EV business for 2023, with adjusted earnings of about $7 billion for its internal combustion unit and adjusted earnings of roughly $6 billion for its fleet business. Ford reformatted its financial reports to divide Ford’s global business into five business units, including its internal combustion engine business, electric vehicle unit, and its commercial and government fleet business. Ford stated on Thursday that it expects to build 2 million EVs per year by the end of 2026.
