Learn more

US car giant Ford is still posting heavy losses with electric cars, but is benefiting from its strong business with hybrid drives and commercial vehicles. In the past quarter, turnover increased by some 3% year-on-year to $42.8 billion, exceeding analysts’ expectations, according to results released on Wednesday. Revenue in the first quarter fell to $1.3 billion from $1.8 billion a year ago. The share price rose by more than 2% at times in after-hours trading on Wednesday. The electric car division posted an operating loss of $1.3 billion, while the combustion engine business generated a profi…

cuu