Despite experiencing a sales decline and suffering significant losses in its EV (Electric Vehicles) business, things are looking promising for American automaker Ford. The company recently released its earnings report for the first quarter of 2024, in which it revealed that the company’s EV division — also referred to as Ford Model e — suffered losses amounting to $1.3 billion. The company blamed increasing competition in the EV space and the resulting price war as one of the reasons
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