Ford has this kind of money how?
Undoubtedly, some form of government handout either over or under the table.
“Ford has this kind of money how?”
A $1000 incentive is peanuts.
List price for the F-150 Lightning is around $70,000, so $1,000 per vehicle isn't out of line as far as dealer incentives go.
Speaking of money a couple I know built a McMansion they couldn’t afford near the Ford Blue Oval City in Tennessee.
The plant is to make batteries and electric cars.
Their reasoning is if they put all their money in a giant McMansion the value will only go to the moon because of the battery plant and all the new, high paying jobs there. Then they can sell the house and retire.
Now much of the building and planned operations at this plant have been suspended.
Oops.
Indeed it’s stock isn’t far from being a penny stock Biden not answering phone or where tax money went.
From the taxpayers' wallets, via the "Green New Deal".
Simply being an EV gets you taxpayer-funded "benefits"....aka; subsidies.
Gravy train? I think that train has derailed!
Google search: ford loses how much for electric vehicles?
Ford is losing a significant amount of money on electric vehicles (EVs), and is expected to lose between $5 billion and $5.5 billion in 2024:
First half of 2024: Ford’s EV division lost $2.5 billion in the first half of 2024.
First quarter of 2024: Ford lost $1.3 billion on EVs in the first quarter of 2024, or $132,000 per vehicle sold.
Per vehicle: Ford is losing nearly $50,000 per EV sold.