Not to worry, taxpayers will bail them out.
Seems as if everything is going according to plan. The most important thing is that they have a very high E.S.G. score.
Freedom and the Free Market is the Road to Wealth and Independence.
- "The Wealth of nations", Adam Smith.- As evidenced by America in the 1800's.
Go woke, go broke.
Apparently, every manufacturer has decided to go electric at once. There was a news piece on this morning saying there were 130 manufacturers in the game, some of them brand new to cars. I suspect there is enough market for one or two manufacturers, but not three or four. Especially, not a hundred or more. Briefly Rivian was the most financially endowed company in the country, and they’d not yet made a vehicle. We’re seeing electric hysteria. This will end badly for everyone involved. I suspect that even market leader Tesla will not be here in ten years. Good luck even keeping your Tesla running after they go belly-up. They’ll all be bricked by some coding error. We are looking at the modern version of the tulip bulb crisis.
Well, as they say...
Stupid is as stupid does.
Stupid is going along with what the democrats demand, and the democrats demand that, climate change (stupid in itself) be addressed. Stupid all around.
How can they afford to absorb billions of losses in developing electric cars?
Granted that there are costs involved in developing new product lines, in any line of business.
But $6 billion is serious money.
Then there’s the still unanswered question as to whether people are going to buy these electric cars in big numbers.
Isn’t there someone working at Ford who saw this coming?
Talk about turd polishing!
Awwwwwww! Good.
Just like the Soviet Union, our DC green-woke central planners is in a race between finally achieving our (neo) Marxist ideology, and bankruptcy/collapse
And expect a taxpayer bailout even though there is no sound market for large scale EV production.
The carmakers push EVs incessantly on TV and the people don’t seem to want them. The same could be said for the vaccine. TV itself is very annoying with all the garbage the woke corporations under oligarch pressure try to push down the people’s throats.
Governments will move forward with EVs crap even if they bankrupts the taxpayers
“Rosner believes Ford could be incurring gross losses of about $9,000 per EV sold”
Probably not including what they are foregoing by not selling that customer a regular vehicle that they could sell at a profit.
Don’t you love the sing songy flair of the piece telling us EV makers are all going to go bankrupt?
Ford and GM are on their way to becoming ZERO stocks, I personally would buy stock in Toyota which isn’t going the EV route of all the major auto makers.
Goodbye Ford, you had a great run. If Hank the Deuce were here , this would not be happening.
Communists think making a profit is a crime.
Remember when these guy’s job number one was to built the best affordable GAS pickup truck in the world?