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.
Several years ago Ford was in rough shape and borrowed about $28 Billion to retool and change, every drop of equity they had was used up. wonder what the true state of their finances are right now. Their stock has never recovered in 20 years or longer.