Ford results were boosted by strong fleet sales that offset weakness in electric autos. Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileCelebrate Youth Month with Briefly News! Nominate a young entrepreneur under 35 with an inspiring story to be our 7th 'Young Money Maker'.
"All three of them are driving white hot demand for our vehicles and services right now," Chief Executive Jim Farley told analysts on a conference call.The customer in fleet is"fundamentally different than retail," said Farley."Our retail customers .. are not doing roadworks and 5G infrastructure build out.
Following a loss in the first quarter in EVs, Ford is on track for an operating loss of between $5 billion and $5.5 billion in EVs.
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