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Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown

Posted on May 5, 2026
By CNBC
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1 min read

Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown

The "Universal Electric Vehicle" platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.