Ford losing billions from EV company

[@alkohalak8199]

I hope all of them go out of business.

[@godzilla6740]

The world is not ready greedy politicians pushing the change over to EV and we are far from these cars being the norm. Follow the money.

[@kimoandrews5802]

You mean follow the money to foreign wars and environmental damage to prop up the oil and gas industry?

[@em4703]

Out of warranty EVs have zero resale value. The moment the battery dies it will cost you tens of thousands of dollars. No thank you wtf.

[@timbeatty11]

They just cost too much and the dealerships jacks up the prices too much. I need to be able to just order on line and pick up without any dealership involved

[@scratchpenny]

Yeah, the dealership sales model doesn't make sense anymore.

[@timbeatty11]

@eoinf2773 dealerships will just become service centers. Servicing cars is the big money maker at a dealership anyway

[@oprrrah3498]

Everybody's gonna lose money... Even if NOTHING happens to your EV, the depreciation is gonna take about half of the value in the first year..

[@waltertaffs1737]

All these car companies are pushing their electric vehicles and 99%of consumers can't afford them and to maintain the cost and oh don't forget to mention DTE and the power grids that's hilarious

[@mystroceo]

Looks like they need to come back to Detroit and reopen the factories and give these communities their careers back and start remaking the old school cars back.

[@aaron___6014]

How's that clean air with all those wild fires?

[@thewatcher5822]

You mean the ones caused by climate change? which in turn has been caused by fossil fuels.

[@rickprusak9326]

A friend of mine works in a metro Detroit area Ford dealership and told me an 8 month old electric Mustang came in the repair shop with the entire battery assembly dead. The entire battery pack was short circuited. The Mustang is still under factory warranty. It cost Ford Motor Company over $35 THOUSAND dollars to replace the electric Mustang battery pack. Just imagine if you bought the electric Mustang as a used vehicle after the warranty is gone. $35 grand is about half the price of the vehicle itself. Who's got $35 thousand dollars around for buying another battery pack for their electric Mustang? This proves again what many people around the state of Michigan sez about Ford. And that is: Ford is a four letter word. It begins with the letter "F", but doesn't end with the letter "D". You fill in the other 3 letters to spell the 4 letter "F" word correctly. Ford is one big F***. Billy Junior should change his last name. It sadly reflects on how the company is run. Billy's great grand father would use his right foot and kick his great grandson squarely in the ass, and kick Billy Jr. right out the top 12th floor window of the Ford World Headquarters. Henry is spinning in circles in his grave over how his company is being run by his great grandchildren and other company brass. No wonder Ford stock never goes above 11 dollars on the stock exchange. While GM stock is very high all the time. Ford stock is f**k stock. Just toilet paper to wipe your dupa after eating a sack of 10 White Castle 🏰 hamburgers.

[@mavricxx]

The reason Ford is losing money is because they released a half baked product. They obviously didn't do enough testing whereas Tesla has. Don't get me wrong, I don't like EV's myself but everything I've seen about their cars is negative from recalls to people complaining about being able to charge cause you HAVE to use the Ford app, to batteries not lasting nearly as long as they claim them to be etc. They shot themselves in the foot, had they done a sneak peek of the Lightning but continued testing instead and waited they would not be in this situation. They keep bring bad press on them all by themselves by releasing half baked products. Look at the Mustang for example, they were sued for the MT-82 transmission and still they're sticking with it for the new S650 model. They don't listen to their customers, we want the Tremec but in order to get the Tremec you have to buy the $60k Blackhorse!

[@Texarmageddon]

Just gonna act like Tesla went all those years losing money? Tesla still has reliability issues… their cars are just as half baked… they just have a ridiculous warranty to cover all of that up.

[@scratchpenny]

​@@TexarmageddonBut Tesla was first to market, and they have a much better charging network than everyone else. They also have major engineering and production advantages over Ford. But the truth is that EVs aren't the complete answer for the foreseeable future, despite what politicians and salesmen claim. Toyota and Honda have the right idea, hybrids are more practical for the average person.

[@em4703]

Its all fun and games until you buy an out-of-warranty second hand Tesla and the battery $hits itself. Prepare 20 stacks 🤡🤡

[@juanzingarello4005]

That and they have no interest in making them affordable. I was appalled at GM jacking up the Blazer EV from $45k to $56k. At this rate, they will never be viable and its only a matter of time before the Chinese come in and satisfy the mainstream US auto market.

[@em4703]

@@juanzingarello4005 You can't make it more affordable, they're just really expensive to make compared to an ICE car.

[@myownhome2959]

Tell that to the cobalt miners in Africa

[@francismarion6400]

The black kids getting radiation poisoning?

[@thewatcher5822]

You do know Cobalt has been used in ICE cars for decades?

[@francismarion6400]

Maybe Ford can talk Black Rock into installing chargers at all their rental properties.

[@jamessmyth5949]

Henry Ford would be horrified if he could see what's going on today in the company he started. Good ole Mr Ford was all about turning a profit and keeping losses under tight control. All the products made when he was around were costed to the last dime by his accountants to make sure they could be sold at a good profit.

[@nelsongarcia4763]

The problem is long time . Investment, battery will go bad and your vehicle is worthless, 8 to 10 years. 00 profit , no one is going to buy a vehicle that you have to spend 50,000 on battery.

[@ryankoza7584]

Lol plastic is oil

[@Elvampiro.]

I have a hard time just keeping my phone charged

[@FlatlanderJoe]

EVs pollute more than traditional gas cars. Go ahead and look up where the lithium comes from. I dare you.

[@ultrastoat3298]

Very low IQ life form detected

[@thewatcher5822]

Not true, one of those myths that gets spread by people like you on the internet. Oh and I know where Lithium comes from.

[@FlatlanderJoe]

@@thewatcher5822 lol, a youtube account that's been active for a year is disagreeing with me. Get out of here bot

[@thewatcher5822]

@@FlatlanderJoe I'm not disagreeing, I'm telling you. You are simply spouting the same old nonsense spread on the internet, by people who have no idea what they are talking about.

[@FlatlanderJoe]

@@thewatcher5822 and how do you know for a fact if I know what I'm talking about or not? So far you haven't backed up your claims.

[@bullyboy131]

Bahahaha. Go woke go broke

[@Invisibleghost2023]

Sounds like a terrible plan and michigan electric is horrible

[@Sam-M7]

A shame they have been building crap for years. Their own CEO has admitted they have to get better at quality. Yet people flock to buy that crap put together with rubber bands.

[@dwnrange7812]

After almost 4 years since the Mach E rolled out, Ford’s EVs cost more than $50,000, most well above that. How can it ever turn a profit at this rate?

[@jeremiasfly]

There company is worth 1000xmore! They are losing just 0.0001 of profit .

[@doubtingthomas3023]

EV are crazy expensive to own and operate

[@PorkchopExpression]

Some are like 30,000 and they're all practically free to operate.

[@doubtingthomas3023]

@@PorkchopExpression Naw my hubby has a Tesla and even small repairs like wipers and brakes a pricey as all hell … free my a&$

[@karllager2214]

@PorkchopExpression practically free? Electric rates are going up. Grids are going down. What is practically free mean?

[@justinstewart3248]

They are basically free to operate.

[@justinstewart3248]

@@doubtingthomas3023 you almost never replace brakes. And when you do it’s the same cost as a regular car. So are wipers. It’s also stuff you can do in your own at home.

[@jasonpowell584]

Lol cause EVs suck

[@thuggoe]

ev suck, the weigh 6000lb

[@JimmieABES]

EV’s are a joke. I’d rather eat glass than drive one of those boat anchors.

[@thewatcher5822]

EV's are inevitable, and are taking over a lot quicker than people think.

[@MB-kk8px]

Get ready for a 1000 hp cybertruck to hit the streets this year. Wake up time for the diesel crowd.

[@JimmieABES]

@@thewatcher5822 Doesn’t make them good.

[@matthewmortensen7401]

@@JimmieABES hands down EVs are superior vehicles, never going back to the inferior combustion engine. In fact EVs have the highest retention of any vehicle segment . If these people that have driven ICE there entire life are adamantly refusing to go back after owning EVs than does that make them good? Is your lack of experience with both technologies superior to the experience of people who have owned both?

[@mrfishsticks266]

​@@matthewmortensen7401 Shut up

[@PorkchopExpression]

They can't make a profit immediately because it costs a fortune and years to build up the manufacturing process. It will take time, but it's worth it. Once you drive a decent EV, you wouldn't take a gas car if it was free.

[@Jag-leaper]

F*ck that noise

[@jasonmoses7785]

Once the power grid is disturbed you will be begging for a gas car.

[@matthewmortensen7401]

Are you referring to the same power grid that refines your fuel and pumps your gas?

[@Jag-leaper]

@@matthewmortensen7401 are you reffering to the same gas that is storeable? Siphonable? And otherwise Generally accessible basically at all times in time of need?

[@jasonmoses7785]

@@matthewmortensen7401 obviously you think you can have a electric power free pump. Gas can be stored an get you where you can make destination. You have a 250 max on your car and you outta there. Hurricanes where you going

[@3ull]

Trim your line. Slash your prices. This will increase revenue. Invest the difference into EV. There, now you’re in profit. Reward me with a lightning truck. Thanks.

[@calvinhobbes6118]

Thanks Dunning-Kruger.

[@RavagHer]

electric is the future?