Ford to Record About 3 Trillion Yen in EV Losses, Extra Costs
According to NHK News (Japan public broadcaster), Ford will record about 3 trillion yen in losses and additional costs amid a review of its electric vehicle (EV) business.
Summary
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Terms & Concepts
- Electric vehicle (EV): A vehicle powered by electric motors and rechargeable batteries; not using gasoline engines.
- Yen: Japan’s currency; amounts in yen are commonly used in Japanese financial reporting.