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 ...
It’s worse than that. The grid cannot support projected “all electric” demand. As an added bonus, the grid is only 34% efficient. But to really fix things, let’s replace our “on demand” electrical generation with intermittent sources.
They jacked up the price of their gasoline engine cars to partially cover their horrendous losses on the EVs.
That is an exaggeration and not true.
300K/14.9M = 2% backlog?
Most of their eng team
Happy now?
Not most. You don’t know that.
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