Only 5% of next car purchasers expect to buy all electric cars-Road and Track.

[wilberforce15]

It is. It's four times the FFFFFF's given and also what you would be classified if the military draft was still on.

Medically-discharged Marines aren't at the top of the draft list. I'm good.

 

[rod]

Medically-discharged Marines aren't at the top of the draft list. I'm good.

stub your toe?

 

[wilberforce15]

stub your toe?

On Mohammed's coccyx.

 

[Babagounj]

Star News Network:

Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.
Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.

Turns out, no one wants to buy a $60,000 garbage car that only goes 130 miles to a charge.

 

[Thebrownblob]

Star News Network:


Turns out, no one wants to buy a $60,000 garbage car that only goes 130 miles to a charge.

That electric mustang is ugly as sin

 

[wilberforce15]

Star News Network:


Turns out, no one wants to buy a $60,000 garbage car that only goes 130 miles to a charge.

Ford isn't going to last the decade.

 

[rod]

Ford isn't going to last the decade.

Apparently, they backed out of SEMA this year.

 

[wilberforce15]

Apparently, they backed out of SEMA this year.

Ford has debt higher than its annual revenue.

Not profits.
Higher than its revenue.

And they have absolutely no path to major EV manufacturing.

They're dead. But they'll get another bailout because this administration and all future ones love dead union zombie companies.

 

[UnionStrong]

Ford has debt higher than its annual revenue.

Not profits.
Higher than its revenue.

And they have absolutely no path to major EV manufacturing.

They're dead. But they'll get another bailout because this administration and all future ones love dead union zombie companies.

1 word, votes.

 

[wilberforce15]

1 word, votes.

Yep. But by all capitalist rights, they deserve to be dead and gone 10 times over.

They'll be bankrupt again very soon.

 

[wilberforce15]

It really makes you admire the company that has no debt, will have more revenue than Ford this year, and isn't eligible for most of the favoritism Ford gets....

 

[vantexan]

Ford isn't going to last the decade.

Ford is a worldwide brand. Not going under soon.

 

[wilberforce15]

Ford is a worldwide brand. Not going under soon.

It's a worldwide brand with debt higher than all its annual sales put together, and no way to make EV's at scale.

 

[vantexan]

It's a worldwide brand with debt higher than all its annual sales put together, and no way to make EV's at scale.

Most of its debt is from its credit branch which is typical standard operating procedure. Not going under any time soon.

 

[wilberforce15]

Most of its debt is from its credit branch which is typical standard operating procedure. Not going under any time soon.

I don't actually believe it will go under. It just very clearly should. It will be saved, because votes.
The lack of a path to EV production is a much bigger deal than the debt.

Their credit branch isn't going to get paid. That's what global recession does. Standard operating procedure is what creates bankruptcy.

I'm thinking of some other new auto company that doesn't have any of these problems.

 

[vantexan]

I don't actually believe it will go under. It just very clearly should. It will be saved, because votes.
The lack of a path to EV production is a much bigger deal than the debt.

Their credit branch isn't going to get paid. That's what global recession does. Standard operating procedure is what creates bankruptcy.

I'm thinking of some other new auto company that doesn't have any of these problems.

Mitsubishi?

 

[wilberforce15]

Mitsubishi?

You got it!

 

[bacha29]

That electric mustang is ugly as sin

Sold all they had, same with the electric F150. The long wait times should be very concerning.

 

[bacha29]

Yep. But by all capitalist rights, they deserve to be dead and gone 10 times over.

They'll be bankrupt again very soon.

It was GM that went bankrupt in 2008 requiring a heavy federal bankrupt.....not Ford.

 

[wilberforce15]

It was GM that went bankrupt in 2008 requiring a heavy federal bankrupt.....not Ford.

Ford got a 6B loan in 2009 to stave off bankruptcy, but they said it was for other development and expansion just so that they could claim not to have been bankrupt.
They still haven't paid back the 6B.

They went bankrupt in everything but paperwork. And they got a bailout.

A 6 billion dollar loan in 2009 that they don't have to repay is called a bailout.