Automaker

Top American automaker Ford hemorrhaged over a billion dollars on electric vehicles (EV) in the first quarter, leading to massive losses per vehicle. Ford sold 10,000 vehicles in its EV Model e unit in the first three months of the…

Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches,…

A global manufacturer announced a voluntary recalling of 1.23 million Ram pickup trucks over concerns that the tailgate latching mechanism does not properly function, according to a Stellantis release. Ram, owned by global automaker…