Ford Motor Co. is set to lose $3 billion on its electric vehicle business this year — but it expects losses to reverse in the coming years as volumes of plug-in vehicles grow.
In the meantime, billions of dollars in profits from internal-combustion engine and commercial vehicles are bolstering the Dearborn automaker's financial results, according to new numbers released as part of an overhaul of the way the company reports financials.
Executives on Thursday will host a "teach-in" event for investors and analysts on changes to Ford's financial reporting. Instead of reporting key financial metrics by geographic region, the automaker will begin reporting results for each of its business units.
