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Ford Posts $3.1 Billion Loss Over Electric Car Gamble Economy
https://lidblog.com ^ | | May 2, 2022 | | by Warner Todd Huston

Posted on 05/05/2022 5:10:41 AM PDT by Red Badger

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To: Red Badger
Disappointing stupidity at Ford. I own a 1999 F150 and a 2015 F150. I'm holding on to both for a very long time. No interest in electrics from any source.

As an aside, I was working at Wingcast in 2001. It was a cooperative venture between Ford and Qualcomm to compete with the GM OnStar capability. I was there for the 9/11/2001 attack and listened to reactions from many foreign H1B hires to the startup. The company cafeteria was just short of a bar fight between US citizens and the Indian/Pakistani H1Bs. A few weeks later, word leaked from a corporate meeting that the CEO said there would be no promotions for white male employees. Smooth move genius. That's most of your engineering staff. A mutiny was brewing. Engineers that put it long, uncompensated hours to make the company succeed realized the CEO intended to piss all over them.

41 posted on 05/05/2022 8:12:52 AM PDT by Myrddin
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To: Red Badger
Another aside. In 2002, my group in Dayton, OH was helping Ford evaluate their attempt at making a hybrid. We installed a small computer with multiple sensors and provided a telemetry link for emergencies. Daily data dumps were captured to DVD and loaded onto an analysis computer. What Ford learned is that they had no idea of how to engineer a good hybrid in-house. One afternoon, the emergency telemetry paid off. Our test driver in New Mexico had a cellphone. We called and advised him to get the fire extinguisher out and extinguish the fire near a brake unit. We saved a $500k prototype vehicle.
42 posted on 05/05/2022 8:19:53 AM PDT by Myrddin
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To: Red Badger

Fear not Biden will bail them out at no cost to them just us.


43 posted on 05/05/2022 8:26:30 AM PDT by Vaduz ( )
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To: Bernard
The only time my Mercury Marine Hybrid ran in "electric mode" was in grocery store parking lots. It scared the crap out of pedestrians who couldn't hear it. A very few times, the vehicle ran in electric on streets designated for under 20 MPH (shopping center parking lots). Most of the time, the ICE came on to cover heating/cooling requirements. Idaho weather doesn't need heating or cooling for about 4 weeks out of the year in Spring/Fall. It's exactly the wrong place for a hybrid. The Ford V6 Eco engine is a good match.
44 posted on 05/05/2022 8:28:28 AM PDT by Myrddin
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To: carriage_hill
Hardly enough to accommodate the EV crowd, unless there are motels nearby for EV sleepovers. Ain’t happening without TRILLIONS in investments./i>

From what I've seen, there is little if any demand for cross country EV travel...

45 posted on 05/05/2022 8:51:14 AM PDT by EVO X ( )
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To: EVO X

Agreed, but...
“Demand” doesn’t matter; it’ll be mandatory in 15-20yrs if the leftist-demonKKKrats get their way and pass the laws.


46 posted on 05/05/2022 8:54:05 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Red Badger

Color me stupid but I don’t understand this statement as going along with losses.

“The capability of this business is much stronger than what we were able to provide in the quarter,” Ford CFO John Lawler said Wednesday, The Wall Street Journal reported.

This green net zero is not so compelling. What it obsoletes has been cheaper, more reliable, more functional. What is more, it is forcing obsolescence of perfectly good and functional things. It is also unnecessary. We are being forced to change by contrived obsolescence. That seems to be the only way anyone can create a market for an inferior product or concept.

Right or wrong what the climate models or anyone or anything else says does not matter. We are headed for net zero or whatever you want to call it like a rocket sled on rails all the way down a dark tunnel into the night without a map. It does not matter how costly it will be, how difficult it is, how many resources it consumes, how inefficient or unreliable it is or how much it changes life for the worse or anything else. The youngsters now in control of what is left of our future and theirs have been indoctrinated to believe this change is essential and don’t question it.

Computers were a sea change in our lives but they made life better eventually even though some were prejudiced against them. They replaced things like slide rules that were not as good, made things better, faster and cheaper but people did stretch them to silly applications. Computers were costly at first but they were compelling not just for cool factor but for use and the prices came down. I bought one of the very first SE30 Macs for a project for a large oil company, that was a hard purchase to get approved.

The hydrocarbon era is ending much like I expected it would based on my more than 40 years of experience in oil and gas exploration and production where I experienced some of almost all of that industry; drilling, completions, production and economics in depth. I told people for much of that time that we would never run out of hydrocarbons but run out of economical production rates, that production would continue for plastics and chemicals even if it did not for fuel. I never expected the end because of being forced out as it is now. Thing is, it is being forced out without the alternative being as good or better or a plan for success.

Soon, without investment to improve supplies, we will be shoved into alternatives to hydrocarbons. Diesel has finally exceeded $5 a gallon here. $2,500 to fill my diesel tank and over a thousand a year just for basic needs.

I am looking at my barnyard and wondering what happens to all the diesel powered equipment I have that is made for lifetime service.


47 posted on 05/05/2022 8:59:31 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: Sequoyah101

He’s basically saying that the company, Rivian, will be profitable on down the line.................Tune in next quarter for a new excuse..................


48 posted on 05/05/2022 9:05:51 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Sequoyah101
I am looking at my barnyard and wondering what happens to all the diesel powered equipment I have that is made for lifetime service.

They will become yard museum pieces...........No Diesel fuel to buy..............

49 posted on 05/05/2022 9:07:19 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Tesla don’t make tractors.


50 posted on 05/05/2022 9:10:29 AM PDT by kaktuskid
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To: bk1000

I have no opposition to something that is as good or better and there is a step-wise plan for implementation. Right now there is neither.

The mechanical simplicity of EV is compelling to be sure. Think of mining trucks and such. Electric wheel motors are simply great.

There is nothing now that will pull my gooseneck stock trailer or lowboy, no trackhoe, backhoe, dozer, loader or tractor replacements and certainly none that I can afford given that all my equipment is serviceable and paid for. I have tractors that serve me well that are older than many people on this board. They will easily outlive me if taken care of and fuel is available.

A shopping trip run to the city requires 300 miles range, as does a trip to see relatives. Just about any EV you can name either requires a charge or is a clencher of “will we make it?” where range is concerned for those trips. Until reliable range on this order for comparable cost and opex is achieved EV is an inconvenience to me making the EV not much more than a local machine. Not much more than a very expensive and glorified golf cart.

What happens to all the lifetime type iron that is forced into obsolescence? There is a lot of it. The pushers of this mess just don’t care. Not at all.


51 posted on 05/05/2022 9:13:23 AM PDT by Sequoyah101 (Politicians are only marginally good at one thing, being politicians. Otherwise they are fools.)
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To: kaktuskid

No, not yet.......................


52 posted on 05/05/2022 9:18:14 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Ford strikes again with a EDSEL!


53 posted on 05/05/2022 9:18:29 AM PDT by Don_Ret_USAF ("No Government can survive Without The Trust Of The People."er)
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To: Sequoyah101
run out of economical production rates

Will that affect recycling or just new plastic? It's bad enough that the cost of food is being affected by what is inside the packaging.

54 posted on 05/05/2022 9:49:55 AM PDT by Bernard (Jeffrey Toobin may turn out to be the most ethical character at CNN because he only abused himself.)
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To: bk1000

Don’t have 60 grand to buy one but an ev would be a practical back and forth to work vehicle for me otherwise. 10 miles in 10 miles back.


55 posted on 05/05/2022 9:55:53 AM PDT by mdmathis6 (A horrible historic indictment: Biden Democrats plunging the world into war to hide their crimes!)
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To: bk1000
We don’t use steam engines anymore because something better came along.

We stopped using electric vehicles because something better came along.

Fact is that electric vehicles came around before the ICE vehicles, and because ICE vehicles performed better, people forgot about EVs.

And yet, people kept trying to bring back EVs and they failed each time. Today's try at EVs will eventually die too, though a fringe market will remain, with EVs comprising between 2-3% of the total vehicles market. But, ICE is king and will be so for the next 50-100 years, until something better comes along, like nuclear-powered vehicles. ;)
56 posted on 05/05/2022 10:21:47 AM PDT by adorno
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To: Red Badger

no surprise to anyone with a modicum of common sense and a modicum of knowledge of physics ... this is just the harbinger of massive losses due to massive EV “investment” by the auto majors ...


57 posted on 05/05/2022 11:14:56 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: Red Badger
Imagine the Daytona 500 in absolute SILENCE..................

During the Honda Goldwing race (how sweet it is)


58 posted on 05/05/2022 12:09:57 PM PDT by Buffalo Bob
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To: Red Badger

Oh, they’ll still be banging fenders. Now you get to hear it!


59 posted on 05/05/2022 12:38:19 PM PDT by AFreeBird
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To: carriage_hill

Yes and no. The power source (whatever that may be) will become distributed down the the point of use in many cases.

Grid distribution won’t be quite as big an issue as it is now.

Assuming of course they authorize the use of small self contained modular reactors.


60 posted on 05/05/2022 12:44:59 PM PDT by AFreeBird
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