Ford projecting a mere $3bn loss on EVs this year

[Klaus]

And here I thought the point of running a business was to generate a profit. Profits company wide are projected to be $9bn. Quite an impressive rate of capital incineration they have going.

Ford Says It Will Lose $3 Billion on EVs This Year as It Touts Startup Mentality

The auto maker says it wants to give investors more visibility into the performance of its three business units.

www.wsj.com

 

[BOOGIE MAN]

Losses are profits
War is peace
Tyranny is freedom

Newspeak of 2023

 

[HudsonFalcon]

 

[13COBRA]

I'm in the process of cancelling my enrollment.

 

[Klaus]

Worth adding that losses were only $900mm last year. Hard to make it up on volume when you lose money on every sale.

 

[SSSSSSSSSSSSVT]

Everything woke goes to shit

 

[04MysticCobra]

Go woke Go broke......so true

 

[Black Gold 380R]

Everything woke goes to shit

100%!!!!! Stupid @$$ Liberal mentality........

 

[SID297]

I'm in the process of cancelling my enrollment.

In the Model-e dealer program?

 

[Weather Man]

I'm in the process of cancelling my enrollment.

Yikes! Pulling for you.

 

[13COBRA]

In the Model-e dealer program?

Yes. I'll look at it again in 2 years.

Yikes! Pulling for you.

Shouldn't be a big deal

 

[13COBRA]

Officially unenrolled. Had minimal costs already spent.

 

[kevinatfms]

Officially unenrolled. Had minimal costs already spent.

What was the program? To sell/service the EV platforms or more than that?

Nevermind, found it on the google...

That is a pretty shitty situation for dealers that wanted to be all in on the EV marketplace for Ford.

 

[1 Alibi 2]

.

 

[Badaz01]

And here I thought the point of running a business was to generate a profit. Profits company wide are projected to be $9bn. Quite an impressive rate of capital incineration they have going.

Ford Says It Will Lose $3 Billion on EVs This Year as It Touts Startup Mentality

The auto maker says it wants to give investors more visibility into the performance of its three business units.

www.wsj.com

This is what happens with all government subsidized garbage. Just like the renewable trash it will come crashing down as well. It won’t work it’s why the government tries to force all this trash on us in the form of banning gas vehicles by this date and this subsidy for buying this and that.

 

[CobraBob]

Ford is learning what GM learned regarding buyer sentiment. From @Klaus' other thread.
GM stock upgraded on low EV sales

 

[Rb0891]

Ford is learning what GM learned regarding buyer sentiment. From @Klaus' other thread.
GM stock upgraded on low EV sales

I am pretty sure one of the Canadians in here assured me all these auto execs were very smart and infallible. Lmao.

 

[Klaus]

Ford continues to eat shit on its EV effort. The Mach E is turning out to be an even greater disaster than I imagined. It will be interesting to see how they extricate themselves form this mess.

Ford first quarter revenue, profits top estimates; EV unit loses $722 million

Ford's Q1 earnings on Tuesday will break down results by its three new business segments for the first time.

finance.yahoo.com

 

[BlckBox04]

what's it matter about profit's or losses when you're playing with the governments money?

 

[gimmie11s]

Go woke, go broke.