Posted on 07/28/2023 9:25:24 AM PDT by CFW
When will shareholders ask Ford to choose between Klaus Schwab and their money?
No one except the state wants them. And who cares what consumers or shareholders want? Not Ford.
Back in March, I wrote that, “Ford reported that it’s going to lose $3 billion on electric cars in 2023. Unlike most automakers, Ford reports its electric vehicle numbers separately, but experts estimate that most car companies are losing similar amounts on the dead end business.”
“Ford plans to make 2 million electric cars every year by 2025. That would be impressive considering that Ford only sold 61,575 of them in 2022. It sold 3,624 electric vehicles in Feb 2023.”
And the numbers just keep getting worse. It’s now a loss of $4.5 billion.
(Excerpt) Read more at frontpagemag.com ...
“But it won’t because people do not want them”
Ford and Tesla sell all they can make!
This is the sort of argument that makes me think magazines like FrontPage are simply deliberately trying to make conservatives stupid.
For a decade, there were articles talking about how weak sales proved no-one wanted Tesla, because Tesla was losing money. Tesla is now worth eight times Ford and General Motors COMBINED.
Ford is investing in engineering, factory retooling and even rebuilding. There are certainly contexts in which you absolutely have to relate these costs. But to use them to show that new products are unprofitable is not just ignorant; it is not just stupid; it is deliberately deceitful.
It’s how fascism rolls.
Why try to take over the means of production like some bolshevik barbarians.
Just “ tell” the private businesses, universities, hospitals, doctors, schools…etc what the govt wants them to do. There are ways to see that they comply.
“not for practical use.”
I use my p/u for monthly long distance traveling.
Plenty of room to haul stuff even w/o the trailer. Good vision to see what’s up in front whilst traversing the crazy interstate traffic just south of ChIraq.
I’m unlikely to die by having the windshield ingest a deer at speed [yes, that happened in the past in an econo-box car].
YMMV.....
“No one except the state wants them.”
Lots of folks want EV. Most of them are young and urban.
The bad part is the young and urban don’t see the need to own a car so they’re not buying EVs.
The young and urban don’t drive, they call uber.
Long distance travel, they fly.
“I guess to your point # 3 is that some people get a large pickup as a status symbol and not for practical use.”
Yes.
Also, lots of trucks haul a partial load to a construction site each day and just sit all day. OTOH, EV’s are more economical I comparison when more miles are driven.
Ford Lightning range is 210 miles with 1400lbs.
There are ways to see that they comply.
This is about doing business in Germany in the late thirty’s. Take the time to read it. It is an easy read, pick just one chapter of interest.
YOU ARE LIVING IT.
Ford had to put a hold on orders since demand exceeded orders!
There are three Mach-E (gag me with a ginsu!) sitting on our local dealer's lot and they've been there for two months.
Ford only makes 3 electric cars. The Lightning, the Transit van, and the terribly named Mustang Mach-E. Ford is losing money because they are investing a huge amount in battery and vehicle production factories. From the Q1 Report..
“ Ford Model e to report an BIT loss of around $3 billion, largely reflecting disciplined investment in new products and capacity.”
That’s where these billions are going not from losses selling 61,000 EVs. I don’t see the point to Geenwald’s anti EV harping, but either he doesn’t know better, or is being dishonest.
I own a Ford Lightning, and the owners group forums are full of nothing but love for these amazing trucks. I and my family love ours as we blast down the road on hands free Blue Cruise for 5 cents a mile operating cost. Quiet, comfortable, blazing fast and for my 7 months of ownership so far, 100% defect free.(knock on wood).
I was at my local Toyota Dealership and they had some EV I never heard of on the floor. Nobody wants to buy a 200 mile POS, they can’t sell it. Of course it is really a China Mobile.
No, they advertise them.
You are completely wasting your time. A few Freepers have their lips stuck on the back pipe of ICE, instead of enjoying autodrive in a fast, elegant, quiet car. Why do you think this got posted?
I haven't made a road trip without my wife since we got the EV. If that day comes again I'll almost certainly take the ICE pickup because I want to drive 300 or more miles before stopping. My wife, on the other hand, wants to stop every 200 miles to stretch her legs for 10-15 minutes. So an EV is conducive to trips with her. At least in all of the areas we've driven from Alabama, with there being lots of chargers on the eastern portion of the U.S. and even the winters within our driving range aren't too cold for EV's. Maybe if we made a long road trip to Wyoming we'd take the ICE pickup because I believe there aren't enough chargers between here and there. Of course, if we went that far we're liable to fly anyway. If I lived in a colder region I probably wouldn't have an EV for either of our cars.
We had a BMW i-3 EV with the range extender (ICE scooter engine) for a couple of years. At the time we were wintering in Florida and the EV was my wife’s daily driver during the summer. We have a Level 2 charger in our garage.
To be honest, the BMW was fun to drive. Plenty of power, comfortable, and with the range extender I never worried about range. Practical? NO. It was, a toy. When we moved back up north last year we looked at a VW ID-4. Had decent range, comfortable to drive, and since I had a pickup the range wasn’t an issue.
Did we buy one? NO.
Why?
The dealer thought they were made of gold and wouldn’t come off MSRP. Ended up buying a Tiguan ICE instead. That’s part of the problem. The dealers think everyone is willing to pay MSRP and more for an EV and it just isn’t so. The government hypes the EV and the dealers drink the kool-aid
The infrastructure just isn’t available to support an EV as a vehicle other than an in-town commuter. We were lucky that we could charge at home. Michigan had/has a program that will reimburse owners for the cost of a Level 2 charger. But even as more public chargers come online, the time it takes to charge just isn’t practical for the average person.
Our local Ford dealer has 2 brand new Lightning pick-ups on the lot. Both were stickered close to $100k. They’ve been there for most of the summer and the last time I checked the dealer had them discounted to the low $70’s.
Still he can’t sell them.
I would think the dealers would be all over corporate for forcing them to floorplan something nobody wants.
As long as the Ford can float tax dollars out of the government, they have nothing to lose.
The figures cited as losses are actually the money they are investing on next gen EV and factories.
The market wants it, but the manufacturers won’t build them. One guess who’s fault that is....
https://www.youtube.com/watch?v=azI3nqrHEXM
The Japanese are placing their bets on hydrogen, which imo is superior. You can either have a similar car with gas with an internal combustion engine, or you use the hydrogen in a fuel cell and have an electric car. There is this thing called Pink Hydrogen, which means it is made from nuclear power. For a country like Japan, that would decrease their dependence on oil, which they don’t have. As a bonus, refueling is quick like filling up with gasoline.
I doubt you’ll see Toyota do an about face and go all in on electric - battery cars.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.