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Ford Says Its Electric Vehicle Project Should Be Seen as a Startup After Reporting $2.1 Billion in Losses

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Ford Motors lost an estimated $2.1 billion last year in its electric vehicle unit, the company announced on Thursday, adding it expects $3 billion in losses for 2023. The automotive industry is floundering as interest rates skyrocket and consumer purchases slow, making it difficult for startup motor vehicle industries

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Source: gizmodo.com