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Here's the Staggering Amount of Money
Ford Loses on Each EV It Makes

Original Article

Posted By: DVC, 6/19/2024 11:40:54 AM

Unless investors have closed their eyes and covered their ears, they've likely heard that electric vehicle (EV) sales growth in the U.S. market has slowed to a crawl. That's become a big headache for major automakers such as Ford Motor Company (NYSE: F), which had planned to invest billions of dollars into its EV segments and battery factories. [snip] Ford Model e in the first quarter checked in with a $1.32 billion loss. A source told Bloomberg recently that Ford's losses per EV topped a staggering $100,000 during the first quarter,

Comments:

This is a look at the finances of Ford. The only reason that Ford hasn't collapsed is that their fleet division, selling normal vehicles in large quantities made enough profit to offset the massive losses in their lunatic EV section. But losses doubled over the already eye-watering previous year's losses in EVs.

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Reply 1 - Posted by: stablemoney 6/19/2024 11:48:37 AM (No. 1739959)
GM and Ford have bet their companies on the government mandating electric vehicles--but maybe they should consider that a government mandate of making EV's does not mean that people will buy them. I think people will keep driving their gas vehicles, and not purchase an EV.
16 people like this.

Reply 2 - Posted by: Noj15 6/19/2024 11:49:14 AM (No. 1739961)
Ford: "Here's our EV selection for you. $150,000 for our crappy trucks which break down a mile from the dealership." America: "Can you hear me now? Ford products are crap. Much like Disney fake cartoon movies. We don't want what you're selling. Bye, Ford."
12 people like this.

Reply 3 - Posted by: SweetPea3 6/19/2024 12:04:32 PM (No. 1739972)
A bunch of gullible $ucka$
8 people like this.

Reply 4 - Posted by: sunset 6/19/2024 12:20:43 PM (No. 1739983)
BYD (China) has the market advantage on batteries. Ford teamed up with them to build the battery factories.
5 people like this.

Reply 5 - Posted by: sunset 6/19/2024 12:42:46 PM (No. 1739999)
Should add GM and Tesla have partnership with BYD for batteries. Also, BYD is building cars now, at a much lower price than US manufacturers, and has edged out Tesla as #1 EV car seller in China. BYD is looking to open up car manufacturing in Mexico as a further hit against Ford, GM and Tesla. Berkshire Hathaway and Blackrock have large stakes in BYD stock.
5 people like this.

Reply 6 - Posted by: vhs68 6/19/2024 12:49:34 PM (No. 1740003)
There is an old time solution for problems like this: get a bigger truck......
5 people like this.

Reply 7 - Posted by: Nimby 6/19/2024 12:54:08 PM (No. 1740006)
And yet, they smooch the demented Fuhrer's ....
5 people like this.

Reply 8 - Posted by: DVC 6/19/2024 1:41:54 PM (No. 1740032)
Re #5's excellent comment. Once China is making trucks in Mexico they will come into the USA under NAFTA without ANY tariff or duty. THIS is not OK. I would like to imagine that no Americans would by a Chinese EV made in Mexico....but I know that this won't be the case. Cheap enough trash and Americans will buy it. Half or more of all the junk in stores today is Chinese crap....bought by Americans because it is CHEAP.
11 people like this.

Reply 9 - Posted by: Venturer 6/19/2024 4:36:20 PM (No. 1740114)
Ford and GM did it to themselves listening to an idiot that has still not caught on.
3 people like this.

Reply 10 - Posted by: franq 6/19/2024 5:25:00 PM (No. 1740137)
Who the heck wants an electric Mustang? I rest my case.
3 people like this.

Reply 11 - Posted by: red1066 6/19/2024 5:32:00 PM (No. 1740143)
Electric vehicles aren't selling and it's not just because they cost more.
5 people like this.

Reply 12 - Posted by: MickTurn 6/19/2024 10:21:34 PM (No. 1740235)
Ford is a Leftist run company. Their stockholders might have issues with all this FRAUD!
0 people like this.

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