.
Why do they keep Fartly around? As I understand it it’s closer to $130k per EV in the last quarter.
Typo, 2022? What’s up with that? Since Ford’s last quarterly report came out three weeks ago......???
Yeah, but they’ll make up for it in volume once they are mandated.
How much of that is amortizing tooling and R & D costs? The first Saturns sold lost almost as much money with that kind of factoring. Now, if they NEVER sell, you have an EV version of the Edsel.
Lose a million dollars for every ten units you sell. Wouldn’t you love to wake up Henry Ford and tell him that news?
The sad part is that Ford didn’t have a person smart enough to realize that the time for electric vehicles just isn’t quite here yet, eventually when things fall into place then maybe. Whoever gave the go ahead probably was listening to all the governmental garbage dished out day in and day out. Well, live and learn.
Stupid, Stupid, Stupid.
And Ford layed off all of their ICE engined vehicle engineering staff.
Stupid, stupid, stupid.
Could someone please explain what that means? Heard it a couple of times now.
If a car costs maybe $50,000 (a guess) then how come Ford lost $100,000 on each of them?
Does a Burger King Whopper cost $45 and sell for $5.50? Getting to be the other way around, though.
Losing $100K per electric vehicle, but sales of such vehicles are down 20%. So, they’re saving money, right?! /s
They’re being kept alive by Fed subsidies.
More proof that subsidies are artificial life support for bad ideas.
Who runs these companies now? They’re complete idiots who can’t do basic math, they’re doomed!
EV autos are boutique cars with a market cap of around 20%, most of which is already saturated with Teslas. The rest of the Johnny-come-latelys are WAY too late.
I am shocked /s.
.
I’d take one for free. That would save Ford all those sale costs.
When are these company executives going to have the guts to tell the O’Biden regime to take a long walk off a short pier?
Ford is getting exactly what they deserve, for kissing the feet of Big Brother.
This is the "Mustang" EV. Ford Falcon would be closer to what it looks like and they could bring back the name of a proven winner and not lose the mystique of the name Mustang.
I once thought that electric cars might make sense if we had a battery without all the disadvantages of current batteries. But a knowledgeable guy pointed out to me that we could not come close to producing the tremendous amount of electricity needed to support a large electric car fleet.
Ain’t socialism grand.
Henry Ford is spinning in his grave.