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Ford posts $1.76B 1Q profit largely on gas-powered vehicles
Yahoo ^
| May 2, 2023
| TOM KRISHER
Posted on 05/02/2023 3:07:43 PM PDT by ConservativeInPA
DETROIT (AP) — Ford Motor Co. made $1.76 billion last quarter, swinging into the black from a $3.1 billion net loss for the same period a year ago.
Most of the profit came from Ford Blue, the company's internal-combustion engine vehicle unit, which made $2.62 billion before taxes during the quarter. Ford Pro, the commercial vehicle unit, added $1.37 billion. But Model e, Ford's electric vehicle unit, lost $722 million before taxes.
The Dearborn, Michigan, automaker is seeing its fortunes improve, and reiterated its earlier pretax profit guidance for the full year of $9 billion to $11 billion.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: automotive; driverreturnsonfoot; ev; ford; foundonroaddead
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Just think, a $722 million dollar loss on EVs. Ford could be much more profitable and stable if government did jam this green junk down our throats. It’s easy to see how popular EVs really are.
To: ConservativeInPA
The government is going to give them a billion dollars to build EVs. Something stinks about this EV business.
2
posted on
05/02/2023 3:09:38 PM PDT
by
BipolarBob
(I was going to start procrastinating this year, I just haven't got around to it.)
To: ConservativeInPA
Ford just fired their entire ICE engineering team
3
posted on
05/02/2023 3:13:32 PM PDT
by
gibsonguy
To: BipolarBob
Something stinks about this EV business.It is the 2.88 Floppy or IPV6
4
posted on
05/02/2023 3:13:48 PM PDT
by
frogjerk
(More people have died trusting the government than not trusting the government.)
To: gibsonguy
Amazing but not a surprise in this era of madness.
5
posted on
05/02/2023 3:14:20 PM PDT
by
wally_bert
(I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
To: BipolarBob
“Something stinks about this EV business.”
One word:
Solyndra
6
posted on
05/02/2023 3:25:00 PM PDT
by
V_TWIN
(America...so great even the people that hate it refuse to leave!)
To: ConservativeInPA
I don’t doubt it based on the the markup on their vehicles.
To: ConservativeInPA
How are EV’s helping environment when the electricity EV’s use comes from majority fossil fuels?
8
posted on
05/02/2023 3:37:05 PM PDT
by
entropy12
(Food is most popular anxiety drug, exercise is the least popular.)
To: gibsonguy
Should fire CEO, his toadies, and the board of directors, then rehire the normal engineers.
9
posted on
05/02/2023 3:50:58 PM PDT
by
Bonemaker
(invictus maneo)
To: gibsonguy
Ford just fired their entire ICE engineering teamPlease post a reference for that.
10
posted on
05/02/2023 3:54:00 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: ConservativeInPA
"But Model e, Ford's electric vehicle unit, lost $722 million before taxes."
11
posted on
05/02/2023 3:58:59 PM PDT
by
Bonemaker
(invictus maneo)
To: ConservativeInPA
Evs? Did they lose? Local furd dealer wanting to move the 2022s in stock. “Just $500 over invoice!” How about invoice or less?
12
posted on
05/02/2023 4:09:24 PM PDT
by
rktman
(Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
To: rktman
Runways and parking lots all around manufacturing centers of EVs will soon be covered with unsold inventory.
13
posted on
05/02/2023 4:11:15 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: BipolarBob
In all deadly seriousness, this global warming/green rubbish has to come to a crashing halt or else the country will. It’s k9lling us.
14
posted on
05/02/2023 4:14:51 PM PDT
by
Bonemaker
(invictus maneo)
To: central_va
“Runways and parking lots all around manufacturing centers of EVs will soon be covered with unsold inventory.”
Tesla has a 300k unit backlog.
To: central_va
Ford Motor (NYSE:F) formalized the layoff of gasoline-powered auto designers in Europe. It will let go of 3,800 people, mostly in Cologne, Germany.
Ford laid off 8,000 Americans working on gas-powered cars last year.
16
posted on
05/02/2023 4:53:52 PM PDT
by
NautiNurse
(Alvin Bragg: Giving Trumped-Up Charges a whole new meaning)
To: central_va
Actually it’s been at least a few weeks l’ll look for it.
To: BipolarBob
Something stinks about this EV business. They're the Edsel's of the 21st Century.
18
posted on
05/02/2023 6:11:06 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: ConservativeInPA
i think the f150 is a money maker. it has been for me. i own one. 1997.
To: gibsonguy
20
posted on
05/02/2023 7:05:26 PM PDT
by
DennisR
(Look around - God gives countless clues that He does, indeed, exist.)
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