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)

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.

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