Posted on 04/26/2024 4:06:03 AM PDT by CFW
TECHNICALLY those vehicles are in inventory-—AT THE DEALERS
FORD DOESN’T GET PAID UNTIL DEALER SELLS THEM
Rivian? Isn’t it hilarious? That is the same Rivian that fought in court to build their facility in rural Georgia (at the invitation of sell-out Kemp) and then abandoned the project because their company is almost bankrupt. Yeah, Ford definitely did better than Rivian. Three years ago, Rivian stock was trading at about $130.00 per share. Today it closed at 9.04. LOL! You have to love it!
Although I do feel sorry for the people of Georgia and especially Walton and Morgan County. Their property taxes increased, home prices went up, and they got shafted just as they expected.
Service is the problem with dealers not selling the EV’s. If a dealership signs up to sell them, you’ll have to purchase a bunch of special tools, send techs to train for weeks while paying them, etc. You can’t sell them and not sign up for the servicing of EV’s. You also can’t service them without agreeing to sell them.
They go together, our dealership already had been training techs for a couple of years and dropped the EV’s. One of the young techs has been repairing EV’s for the plant till it came up for us to sign.
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