Posted on 04/26/2024 4:06:03 AM PDT by CFW
Ford announced Wednesday losses of $1.32 billion on its Ford Model-e sector, which represents the company’s electric vehicle business. With 10,000 units sold, the company lost $132,000 on each EV it sold.
In the fourth quarter of 2023, the company sold 34,000 units in its Model-e business, which produced $1.57 billion in losses, or roughly $46,176 on each EV sold.
“The company expects EV costs to improve going forward, but be offset by top-line pressure,” the company said in a press release.
The company’s other sectors, which includes its Ford Pro fleet business and Ford Blue gas-powered and hybrid vehicle business, made up for the losses on its EV lines. Hybrid vehicles combine aspects of EVs and gas-powered engines. The company posted a net income of $1.3 billion in the first quarter, with revenues of $42.8 billion.
(Excerpt) Read more at justthenews.com ...
Who at Ford made the decision to build all those trucks in the first place? Hang them.
Comment BUMP
Why would I *possibly* want a car that needs to be "refilled" every 225 miles,there are only a few hundred places in the country where it can be done,and those refills take anywhere from 1 hour to 12 hours?
Hey Quit thinking...Or else..
Yeah, but they’ll make up for it in volume.
They’ll be hanging themselves, likely. Top execs have been known to do that if they bring ruin to their company.
Yeah. But then how we save the planet? The boiling, cooking, red-hot, just about to be burned to a cinder planet? Huh? Don’t you believe in the global warming hoax? Oops. I meant theory.
Our local Ford dealer — very good, very established (many decades, IIRC) — suddenly closed up shop. The word is that Ford corporate was going to punish dealerships that wouldn’t spend millions to be able to service EVs. Guess they refused to play the woke game.
The CO2 in the atmosphere does not stop temperatures from dropping rapidly later in the day on low humidity days here in Florida.
If the planet is warming, it is not because of CO2.
Almost makes me want to buy one..
I agree. If the earth is slowly warming, which is doubtful, it has nothing at all to do with atmospheric CO2. And nothing at all to do with the actions of humans.
Who at Ford made the decision to build all those trucks in the first place? Hang them.
But I think Government pressure plays a big role too. And don’t think the Government won’t bail them out there.
Here in NC these past years, the summers have been noticeably cooler. When we first moved here about 17 years ago, we would routinely get 5 or 10 100+ degree days every summer. These past few years, we have had 0 100 degree days. Much more pleasant.
Not to worry. They will make it up in volume.
95% of atmospheric CO2 is from natural causes. We are supposed to believe that the 95% has no effect on temperature but the 5% that is man made does.
EC
So the actual loss decreased, and the article needed a statistic that could produce a headline. It’s missing the word “unexpected”.
They were paid to take those losses. By us.
Well, now: That ought to make their shareholders all warm & fuzzy.
/s
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