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Ford’s Mustang Mach-E Profit Wiped Out by Commodity Costs
Yahoo Finance ^ | June 15, 2022 | Keith Naughton

Posted on 06/16/2022 10:08:39 PM PDT by conservative98

Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs.

“We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Chit/Chat; Travel
KEYWORDS: aluminum; aoc; biden; bidenomics; bidenvoters; childlabor; cobalt; degrowthmovement; driverreturnsonfoot; electric; electriccars; ev; fixorrepairdaily; ford; fossilfuels; foundonroaddead; gowokegobroke; greennewdeal; inflation; joey; lithium; mache; marxism; metals; mustang; nickel; oil; petroleum; plastic; poopypantsbiden; putinsfault; rawmaterials; rubber; slavelabor; socialism; steel; supplychain; transitory; utopia
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To: conservative98

How much oil is required to manufacture an electric car?

https://www.visualcapitalist.com/how-much-oil-electric-vehicle/


21 posted on 06/17/2022 2:02:40 AM PDT by Fresh Wind (Long live the Great MAGA King!)
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To: DesertRhino

Yeah


22 posted on 06/17/2022 2:12:19 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: glorgau

Just like First Citywide Change Bank


23 posted on 06/17/2022 3:01:21 AM PDT by Hazwaste (Socialists are like slinkies. Only good for pushing down stairs.)
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To: conservative98

Electric Mustang..dumb ass idea to start with.


24 posted on 06/17/2022 3:40:28 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Tolk2112
"...The Mustang II comes to mind..."

Ah, yes.
I remember the 'Pinstriped Pinto'.
I never owned one of the silly things, though.
The last Mustang I owned was a 1970.
It had a 302 V8 - but the big block MOPARs
would still beat me down Front Street single every time.

Those were the days...

25 posted on 06/17/2022 3:58:04 AM PDT by GaltAdonis
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To: GaltAdonis

Yeah. Boss 302.


26 posted on 06/17/2022 4:43:10 AM PDT by hinckley buzzard ( Resist the narrative.)
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To: fireman15

” It is unbelievable that any car with the Mustang emblem could be so butt ugly.”

Aerodynamic but yes, ugly.


27 posted on 06/17/2022 4:46:39 AM PDT by cymbeline
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To: PGR88

0bama and Brandon have the reverse midas touch
Everything they touch turns to shite


28 posted on 06/17/2022 5:16:03 AM PDT by Steven Tyler
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To: conservative98

I predicted this years ago. 500,000 pounds of raw materials to produce 1 EV battery. Unsustainable especially now that diesel fuel cost are through the roof. Marxists think that EV batteries come from the battery store. A lithium ion tool battery that cost $100 two years ago is now $250.


29 posted on 06/17/2022 5:16:03 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: Paladin2

I’ve got a 2021 RAM EcoDiesel Built to Serve, Coast Guard edition. Gets an honest 26.5 mpg city and 29.5 mpg freeway at 80mph. It’s got a 33 gallon tank and can drive all day. It’s one of the most comfy rides I’ve ever had, and I’ve had some expensive cars.


30 posted on 06/17/2022 5:42:39 AM PDT by CodeToad (Arm up! They Have!)
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To: conservative98

Ford’s F-series pickup truck carries the brand and more than makes up for the profit losses of other models.


31 posted on 06/17/2022 5:45:49 AM PDT by Drew68 (Ron DeSantis for President 2024)
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To: conservative98

LOL. No more ICE cars after 2035. Right. Hilarious. They know not what they do. What maroons.

I take it back. They know exactly what they are doing, which is to destroy American society. They want cars to be available only for the rich so everybody else must take public transit.


32 posted on 06/17/2022 6:34:25 AM PDT by Freedom_Is_Not_Free (America -- July 4, 1776 to November 3, 2020 -- R.I.P.)
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To: conservative98

Memo to Ford:

STOP MAKING EVs.


33 posted on 06/17/2022 6:53:36 AM PDT by Maris Crane
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To: cymbeline
Ford's 2021 Mustang Mach-E gets a price cut: Here's the breakdown

It looks bad even in promo pictures which can typically make ugly vehicles look good from certain angles and with the right lighting. Then you see them out on the road and you wonder what the heck was that?

34 posted on 06/17/2022 6:57:59 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: DesertRhino

Pontiac Aztec.


35 posted on 06/17/2022 7:05:23 AM PDT by OKSooner (The Bedford boys say "Hi, Brandon".)
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To: conservative98

Good.


36 posted on 06/17/2022 7:06:55 AM PDT by EastTexasTraveler
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To: PGR88

Can’t understand normal thinking.


37 posted on 06/17/2022 7:08:39 AM PDT by OKSooner (The Bedford boys say "Hi, Brandon".)
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To: conservative98

Awwww. Good riddance.


38 posted on 06/17/2022 7:12:17 AM PDT by gathersnomoss (LIVE FREE OR DIE)
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To: conservative98

Awwww. Good riddance.


39 posted on 06/17/2022 7:15:28 AM PDT by gathersnomoss (LIVE FREE OR DIE)
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To: fireman15

Its clear they are attempting to evoke the old fastback mustang body styling but this is just a fugly car... boring as hell to look at IMHO.

I am sure it has awesome acceleration since its all electric, but my God, is it about as boring and ugly looking of a looking car as you could come up with.


40 posted on 06/17/2022 7:15:35 AM PDT by HamiltonJay
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