Ford to reveal more about its new low-cost electric vehicles on August 11
1. Ford announces upcoming low-cost electric vehicles for August 11 event. 2. CEO calls announcement a 'Model T moment' for the company. 3. Ford reported a $1.3 billion loss in EV division last quarter. 4. Sales of F-150 Lightning and Mustang Mach-E are declining. 5. First low-cost vehicle expected in 2027; competition is increasing.