Ford tells investors that it will lose $3 billion pretax on EVs

DETROIT, Michigan: In a briefing for investors and analysts this week, Ford Motor Co. reported that while its electric vehicle (EV) business unit remains on track to achieve a pretax margin of 8 percent by late 2026, it expects a loss of $3 billion this year.

Officials at the briefing also reviewed the details of Ford's new financial reporting format.

Ford will begin reporting by business unit for Model e