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Ford posted better-than-expected results in the second quarter and raised its 2023 profit guidance as well. But there was a bit of a reality check for investors regarding its electric car ambitions. Although sales in the period jumped to nearly $2 billion, Ford said its annual losses in that division this year could hit $4.5 billion - way higher than expected. They also pushed back their production targets. For more on this, Julia spoke to Ford's Chief Financial Officer John Lawler.
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By CNN Podcasts3.3
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Ford posted better-than-expected results in the second quarter and raised its 2023 profit guidance as well. But there was a bit of a reality check for investors regarding its electric car ambitions. Although sales in the period jumped to nearly $2 billion, Ford said its annual losses in that division this year could hit $4.5 billion - way higher than expected. They also pushed back their production targets. For more on this, Julia spoke to Ford's Chief Financial Officer John Lawler.
To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Learn more about your ad choices. Visit podcastchoices.com/adchoices

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