Explore More Ford Motor expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.
The projected loss was revealed at a briefing for investors and analysts on Thursday to discuss details of the automaker’s new financial reporting format.
Ford shares were up 1.9% at $11.70 on Thursday.
Starting with first-quarter results, which will be announced on May 2, Ford will begin reporting by business unit for Model e (electric vehicles), Blue (combustion vehicles) and Pro (commercial vehicles and services). Read More...
Explore More She may just be the “Greatest” show-woman on earth.
Fans are loving Michelle Williams’ narration of Britney Spears’ memoir “The Woman in Me,” especially when the actress mimics a cringe-worthy Justin Timberlake quote. In the book released Tuesday, Spears, 41, writes that Timberlake, 42, and the other *NSYNC members “tried too hard” to fit in with black artists, recalling an interaction between the “Cry Me a River” singer and Ginuwine, 53. Read More...
His first wife was Anne Hendricks Bass. Their marriage produced 2 daughters, one being author Hyatt Bass, and ended in divorce in 1986. In 1988, Bass married the Iranian socialite Mercedes Bass (the former Mercedes Kellogg, née Mercedes Tavacoli). This marriage ended in divorce in 2011, producing no children.
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