General Motors, which started more gently, claims it is getting close to that purpose, despite Ford’s struggles to make money with battery-powered vehicles. Ford Motor took the lead early on in the race to surpass Tesla in the U.S. electric vehicle industry with the Mustang Mach E, an electronic sport utility vehicle with a style and brand that evoked its traditional sports automobile. However, today’s competition looks significantly different. As the business begins to make its huge investments in uniform batteries and fresh factories, sales of G. M.’s battery-powered models are starting to rise. Ford’s three electrical vehicles, including the Transit van and F-150 Lightning pickup truck, are also profitable but have lost billions of dollars. The most recent analysis of how Ford’s quick-start plan has failed was released on Monday, when the organization revealed that its electrical car division lost$ 1.2 billion between July and September before interest and taxes. In the first nine months of the year, it lost$ 3.7 billion. Ford’s chief financial officer, John Lawler, said it was a” solid quarter”, noting that revenue had risen for the 10th quarter in a row, by 5 percent to$ 46.2 billion. But the bank’s overall revenue of$ 896 million in the second quarter was down 24 percent from a year earlier, mainly because of issues with electric cars, insurance costs and other components. Our proper benefits do not certainly return to the bottom line as they should because of the cost, according to Mr. Lawler. With the Mustang Mach E, ImageFord made a first-class entrance into the electric vehicle industry in contrast to other well-known manufacturers. Please make Browser available in your browser’s options. Thank you for your patience as we verify exposure. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience as we verify entry. Presently a customer? Register in. Want all of The Times? Subscribe.