Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford's first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022.Michael Wayland | CNBCFord Motor's CFO said Wednesday that the company isn't yet seeing consumer demand for new vehicles drop off – but rising commodity costs have wiped out the profit it initially expected to make on its electric Mustang Mach-E.Demand for new Fords and Lincolns continues to exceed supply, which is still constrained by an ongoing global shortage of semiconductor chips, Ford…