Subscribe
Automakers

Ford's Mustang Mach-E profit wiped out by rising commodity costs

Ford Mustang Mach-E GT
The Mustang Mach-E is a key model for Ford as it transitions to a full-electric lineup in Europe, with three new electric passenger vehicles and four new electric commercial vehicles planned by the end of 2024. (Eric Perry Photography)
B
By:
Bloomberg
June 16, 2022 09:25 AM

Ford Motor’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs, Chief Financial Officer John Lawler said.

Featured Stories

Manufacturing
Parts tariffs are now in effect. Here’s how they work
Manufacturing

Auto parts became subject to a 25% tariff May 3. Automotive News breaks down how the new duty works.

JI
By:
John Irwin
Parts tariffs are now in effect. Here’s how they work
Volkswagen
VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts
Volkswagen
JW
By:
Jack Walsworth
VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts
Best Practices
Maryland auto group digitizes internal forms to save time, printing costs
Best Practices
CM
By:
C.J. Moore
Maryland auto group digitizes internal forms to save time, printing costs
Sales
Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April
Sales
LP
By:
Larry P. Vellequette
Car buyers trying to beat tariff price hikes did a ‘bank run’ on dealers’ lots in April

Latest News

In the shadow of China’s military, Taiwan’s globally critical suppliers keep working
American Axle says Dowlais takeover on track despite industry volatility
Parts tariffs are now in effect. Here’s how they work
VW halts U.S. sales of ID Buzz for 2 safety recalls; rear seat too wide with just 2 seatbelts
Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Dacia Sandero edges Peugeot 208 for March sales title in Europe
VW could launch extended-range EVs in Europe, executives say
Daily 5 report for April 23: China’s inescapable influence on the auto industry live from Shanghai
U.S. will aim for U.K. to cut its automotive tariff to 2.5% from 10%, report says
Staying current is easy with newsletters delivered straight to your inbox.