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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...

I have a basic rule of thumb: Any time you hear a wild story about former President Donald Trump where the media is claiming he said something/did something outrageous, wait 48 hours, and then the spin or the truth on the matter will be revealed. We've seen the fake stories before, like the "fine people" hoax. Joe Biden is still spreading that lie to this day when he talks about his reasons for running for office. On Saturday, you could watch the making of a hoax in real time. In the latest fake story that the media, the Biden campaign,...

Jack Poso 🇺🇸 @JackPosobiec Biden campaign, liberal media spread hoax that Trump threatened ‘bloodbath’ if not elected—he was talking about auto industry

Are EV's a scam?! Ford CEO just abandoned electric cars, leaving the entire auto industry SHOCKED and CONFUSED! Ford is losing nearly 36,000 dollars on each EV they built, and could now close their doors forever! Why? Because customers are REJECTING Ford’s EVs! With nearly 92,000 EVs sitting unsold on dealer lots, scammy dealer markups to fool the middle class, and 35,000 vehicle recalls just a couple of weeks ago, Ford is in a huge crisis!

Electric vehicles hit another sales record—but manufacturers are losing money. Experts blame government interference in the free market. Though electric vehicles hit another sales record, high production costs and a dwindling new customer base have spawned increasing corporate losses, forcing electric vehicle (EV) manufacturers to scale back on their plans to expand the market. Some experts believe these problems are a result of government interference in the business of industrial policy. The Oct. 12 report from Kelley Blue Book revealed that sales of electric vehicles hit another record in the third quarter of 2023, accelerating past 300,000 batter-powered vehicles "for...

Ford's EV business posted a big loss for the third quarter.. The strike against Ford may be over, but the company's electric vehicle woes are far from solved. The entire auto industry, grappling with steadily softening EV demand over cost and existential infrastructure challenges, is beginning to pull back its efforts to grow the sector. Tesla (TSLA) - Get Free Report, of course, is dealing with falling sales figures and gross margins amid an ongoing price war whose aim is to entice customers to go electric. General Motors (GM) - Get Free Report, still locked in the throes of the...

Marshals have been brought in to police 'charge rage' between drivers of electric vehicles at motorway service stations. The boss of Britain's largest motorway service provider said long waits for plug-in points made drivers 'very angry and stressed'. Moto chief executive Ken McMeikan warned the UK's motorway service stations are facing growing 'public disorder' due to a lack of grid connections preventing him from installing enough car chargers to meet the surge in demand. He said many motorists are facing long waits, with angry drivers confronting staff and each other and warned of the growing risk of 'charge rage' on...

Threat of Expanded Strike: United Auto Workers (UAW) have issued a threat to expand their ongoing strike, which initially involved workers at Ford, Stellantis, and GM. Currently, around 13,000 out of 144,000 UAW workers are already on strike, but the situation is becoming increasingly volatile. Historic Strike: Notably, this marks the first time in history that all three major U.S. automakers are simultaneously facing strikes. Such widespread labor unrest is a cause for significant concern. Staggering Daily Costs: The financial impact of a potential expanded strike is staggering. A strike involving the entire UAW workforce could cost U.S. automakers nearly...

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’s investment in Rivian’s electric cars can’t be helping. Last year the startup electric pickup truck maker was spending $220,000 to make the electric vehicles that it sells for $81,000. That’s bad news for George Soros and for CalPERS: California’s massive public employees retirement fund and a ticking time bomb which owns hundreds of thousands of shares in Rivian. GM...

WASHINGTON (Reuters) -Ukraine's two leading suppliers of neon, which produce about half the world's supply of the key ingredient for making chips, have halted their operations as Moscow has sharpened its attack on the country, threatening to raise prices and aggravate the semiconductor shortage. Some 45% to 54% of the world's semiconductor-grade neon, critical for the lasers used to make chips, comes from two Ukrainian companies, Ingas and Cryoin, according to Reuters calculations based on figures from the companies and market research firm Techcet. Global neon consumption for chip production reached about 540 metric tons last year, Techcet estimates. Both...

Even fully remote workers in the automobile industry are subject to a corporate vaccine mandate that threatens the livelihood of those who assert their right to medical freedom.Even fully remote workers in the automobile industry are subject to a corporate vaccine mandate that threatens the livelihood of those who assert their right to medical freedom. An FAQ sent out by the company threatens those who do not comply with the vaccine mandate, warning, “Individuals who do not report their status by December 4, 2021 will be considered unvaccinated.” The penalty for being unvaccinated? “Those who do not meet the vaccination...

DETROIT (AP) — Casting his climate policy as a jobs plan, President Joe Biden left out important context and used fuzzy math when he announced sweeping new green initiatives that he says will boost the U.S. economy with the creation of 1 million new auto jobs.... ...One million new jobs in the auto industry is a highly ambitious goal that would mean more than doubling the number of workers now employed in motor vehicle and parts manufacturing. Many analysts and the United Auto Workers union, in fact, have warned that electric vehicle manufacturing probably will mean fewer net auto-making jobs....

LANSING, MI -- The Big 3 have already or are preparing shut down, at least temporarily. U.S. automakers, including Michigan-based General Motors Corp, Ford and Fiat Chrysler, and their suppliers are suffering financially amid the coronavirus outbreak. Gov. Gretchen Whitmer and Ohio Gov. Mike DeWine teamed up to write a letter to President Donald Trump and Congress asking for help, the Governor’s Office said in a statement released Friday evening.

Auto industry icon Lee Iacocca -- forever connected to the Ford Mustang and former chairman of Chrysler -- has died ... according to a family source. A family member tells TMZ Iacocca passed away, but could not provide any further detail. Iacocca is credited with saving Chrysler from bankruptcy back in the 1980s ... and he's often referred to as the father of the legendary Ford Mustang. While he was always known within the auto industry ... he became a household name across America when he starred in a series of TV advertisements for Chrysler.

Buying a new car is almost always a daunting task, with salespeople trying to sell that extra warranty or undercarriage rustproofing. And, to add insult to the process of buying a new car, federal bureaucrats regularly tack on rules that jack up prices for consumers. In fact, average prices for new cars are nearing $40,000. But, that staggering high amount may soon fall due to the Trump administration’s ambitious drive to roll back onerous rules. The Environmental Protection Agency (EPA) is in the process of freezing, or at least slowing, Corporate Average Fuel Economy (CAFE) standards for cars, unshackling vehicles...

GERMANY'S top stock index was flashing red after shares in the country's biggest carmakers plunged over a fresh investigation into the diesel emission scandal. The DAX tumbled to its lowest level in more than three months, as investors rushed to sell Volkswagen, Daimler and BMW. The manufacturing giants are being probed amid allegations of collusion over diesel emission treatment systems and cost agreements. Fears of heavy fines helped send share prices down by around three per cent.

<p>President Donald J. Trump didn't wait long to act on one of his signature campaign promises, announcing just moments after being sworn in as the country's 45th president that the U.S. intends to withdraw from the Trans-Pacific Partnership and that he will renegotiate the North American Free Trade Agreement "to give American workers a fair deal."</p>

Oh no, they're making America great again! Last week, we learned that Ford was cancelling plans to build a $1.6 billion dollar plant in Mexico. Instead, the company would be investing $700 million in Michigan, creating hundreds of permanent jobs. As USA Today reported: Ford Motor announced Tuesday that it would cancel plans for a $1.6 billion Mexico plant and launch a Michigan expansion in a move that may be viewed as a capitulation to Donald Trump.

**SNIP The top car-producing states in the nation ultimately sided with Trump, who swept through the Rust Belt on Election Day. In Michigan, the epicenter of America’s auto industry, Trump won a state that hadn’t supported a Republican candidate since George H.W. Bush in 1988. The Republican nominee also took Ohio, the second-largest car producer among the 50 states, with relative ease. A similar story played out in Indiana, whose vehicle production is slightly ahead of Kentucky this year. Overall, the seven states that have manufactured the most cars so far this year all lined up behind Trump: Michigan, Ohio,...

Americans again bought vehicles that sit up high and come loaded with features like backup cameras and smartphone capabilities in June. Horsepower was also in; gas-sipping not so much. SUVs of all sizes continued to fly off dealer lots. Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent.