Ford swung to a net loss of $3.1 billion in the first quarter, a reversal largely driven by a steep loss in valuation of its stake in electric-vehicle startup Rivian Automotive
The latest electric vehicles offer the power to charge household devices or other EVs using the energy stored in the car’s battery. WSJ’s George Downs explores how some companies are developing vehicle-to-grid technology that would enable energy to flow from the EV into the electricity grid itself. Illustration: George DownsFord Motor Co. swung to a net loss of $3.
The Dearborn, Mich., auto maker stood by its year-end guidance of pretax profit of $11.5 billion to $12.5 billion in 2022, despite continued challenges securing enough auto parts to keep assembly lines fully running. The quarterly loss compares with a net profit of $3.3 billion in the first quarter of 2021.
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