Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

TL;DR

new financial reporting structure that aims to give Wall Street a better understanding of how its electric vehicle business is evolving — and how profits from its internal combustion businesses are funding its electric transformation. sweeping reorganization, announced in March 2022, that divided Ford's global business into five business units: "Ford Blue," its traditional internal combustion engine business; a new "Ford Model e" electric vehicle unit; "Ford Pro," containing its commercial and government fleet business; "Ford Next," which includes nonautomotive mobility solutions and other future tech; and its existing Ford Credit financial services subsidiary. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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