[mewzilla]

Brian Sullivan
@SullyCNBC

Ford laying off ‘at least’ 1,000 salaried and contract workers.

It will lose $3 billion making EVs this year.

Ford is now likely losing more than $30,000 on every electric it sells.

Last week the federal government (i.e. you) loaned Ford and a South Korean company $9.2 billion to build battery factories in the south, on top of federal tax credits to entice buyers.

The next few years should be interesting for Detroit (and taxpayers)

Let’s see if its .. sustainable.

https://reuters.com/business/autos-transportation/ford-cut-jobs-us-canada-2023-06-27/
6:59 PM · Jun 27, 2023

[Lovely-Day-For-A-Guinness]

Ford is offsetting their EV losses by jacking up the prices on ICE vehicles.

We're taking it up the rear end two ways - government stealing our money to subsidize the scam, and consumers paying a premium to subsidize Ford's (and others') boondoggle.

It's almost like an endless loop, this EV bullshite!

[i_robot73]

That the govt (illegally) “loaned” & utilizes ‘tax credits’ proves it’s *NOT* sustainable to begin.