FOMOCO aka Ford Motor Company can't figure it out?
Posted by Baloney Pony on 5/3/2024, 17:17:44
Its Sticker Shock and "HELL I can't afford that" These New type trucks posing as F- 150 all dressed up like Limousines that most don't use em as trucks and drive em back in forth to the office. And get to detail one on the weekend & those costs more then my house did. The last new truck I bought was back in 1980's something for $4,995. with no step bumper 6 cyl. and 3 speed and heater as that's all i needed in a "Work Truck" and one not to up my neighbors show off truck. Jeez they're the problem as the unbought trucks line up at their dealerships. 'IMO'
Re: FOMOCO aka Ford Motor Company can't figure it out?
Took me years to learn if I couldn't pay cash for what I'm to drive and use I didn't need it. If it came with one payment also, I didn't need it ether but that's me now and 'IMO'
On April 24, Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”
The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses.
Californians bought 1.78 million new vehicles in 2023, reported the California New Car Dealers Association. Multiply that number by $132,000 and you get $235 billion. That would bankrupt every car manufacturer, meaning they just would pull out of selling anything in the state.
The California government would have to set up socialist, government-owned companies to make the cars, like the infamous Yugo. Dubbed “the worst car in history,” it was sold in America in the 1980s and was made by the communist Yugoslav government just before the country itself broke up in 1991.