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Ford is losing a lot of money in electric cars — but CEO Jim Farley is charging ahead

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Ford CEO Jim Farley speaks at the launch of the Ford F-150 Lightning at the Ford Rouge Electric Vehicle Center in Dearborn, Mich., on April 26, 2022. Farley is determined to expand production of electric cars — and at the same time, to make more energy-efficient gas-powered and hybrid models. (Getty Images)
Ford CEO Jim Farley speaks at the launch of the Ford F-150 Lightning at the Ford Rouge Electric Vehicle Center in Dearborn, Mich., on April 26, 2022. Farley is determined to expand production of electric cars — and at the same time, to make more energy-efficient gas-powered and hybrid models. (Getty Images)

This article was originally published on August 11, 2023.

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