Ford to lose $3 billion from EV sales to consumers this year | CNN Business

Ford\n \n said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the profit targets it set for this year of between $9 billion and $11 billion. Ford said those EV losses and the overall profit both come before expenses from interest and taxes. The $3 billion loss is roughly equal to what it lost on EVs on that basis the last two years combined. It said it lost about $900 million in 2021 and $2.1 billion in 2022.

While both the Mach E and the F-150 Lightning EV pickup have a long list of waiting customers, Ford CEO Jim Farley said during an earnings call earlier this year that Ford encountered numerous problems with their production, making the ramp up of EVs much more expensive than it had anticipated. “We didn’t know that our wiring harness for Mach-E was 1.6 kilometers longer than it needed to be.

Awesome. America does not want every vehicle to be electric

Efffff electric cars lol

Suckers...get woke go broke

Mostly because they're not very practical.

Wow, huge miss on Ford’s part. Major f-up that no one checked specs of wiring harness to be used. Heavier and longer than expected. Rookie mistake. I’ve worked w/enough mfr’s to know that specs like that shouldn’t have been overlooked.

Chump change

Government incentives are great for profits.

Most EVs sold in the US are fleet and ride share sales. The public doesn't want them.

Oil companies lose on their green energy but make it on hydrocarbons, most autos lose on electric cars but make it on hydrocarbon cars, solar needs gov subsidies. I forget how is banning hydrocarbons going to help beat China unless we go nuclear energy and fast.

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New home sales rose for the third month in a row | CNN BusinessNew home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year and buyers looked to new construction amid historically low inventory of existing homes for sale. And when does your, 'how this is bad for Biden' story come out? That’s not what Powell said yesterday.🤔🤣 How’s is this true with the interest rates hiking ? This is not true
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Ford Projects $3 Billion Loss on EV Business for 2023Ford's expected loss on its electric-vehicle business shows how far traditional auto makers have to go in turning their EV portfolios profitable Gosh. Who could have predicted? Go woke go broke but all the Elon haters swore they'd buy electric from competing companies! elonmusk
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Ford sees $3 billion pretax loss in its EV business this yearFord Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said. That is nothing like a Mustang. Ford f*cked up. Why would you buy an EV when you know prices will come down, and the technology will improve Retooling costs.
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Ford says its EV business is losing billions, but should be seen as startupFord Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. I’d stay away from electric, for now. The concept is cool but it’s tied to leftists as a political tool. Anything the woke touch fails. The middle and low income individuals will never be able to make that transition. Need a home, need a charging station.
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