Ford sees $3 billion pretax loss in its EV business this year

[BOOGIE MAN]

The key part of this statement is "pre tax"

What sort of subsidies/bailouts are they going to get for their brave attempt at "print(sarcasm(saving the future of the world))"?

Sidenote, is this is a double thread? Didn't @Klaus post one on this?

I'll repost my thought from that thread; some 1984 reference, I'm sure it went like:
Losses are profits,
war is peace,
tyranny is freedom
Newspeak 2p23

 

[13COBRA]

The key part of this statement is "pre tax"

What sort of subsidies/bailouts are they going to get for their brave attempt at "print(sarcasm(saving the future of the world))"?

Sidenote, is this is a double thread? Didn't @Klaus post one on this?

I'll repost my thought from that thread; some 1984 reference, I'm sure it went like:
Losses are profits,
war is peace,
tyranny is freedom
Newspeak 2p23

Exactly, pre-tax.

Most will be facility upgrades, etc that they can write off against their profits. It's not as ugly as it appears surface level...however it's still not good.

 

[Tezz500]

Exactly, pre-tax.

Most will be facility upgrades, etc that they can write off against their profits. It's not as ugly as it appears surface level...however it's still not good.

Edit: just says they’ll be able to make 2 million EVs a year by 2026

 

[13COBRA]

Edit: just says they’ll be able to make 2 million EVs a year by 2026

I will believe that, when I see it.

 

[Tezz500]

I will believe that, when I see it.

World wide it says. Seems like a shit ton of gokarts no one’s gonna buy…

 

[sleek98]

Exactly, pre-tax.

Most will be facility upgrades, etc that they can write off against their profits. It's not as ugly as it appears surface level...however it's still not good.

Ding ding. Bonus rules change for tax years starting after 1/1/23. They needed to get all of the new lines operational to be able to do a cost segregation and 100% bonus as much as possible. Vs spreading it out over the next 5-15 years.

Depreciation changes over the next couple of years are really going to hurt business. Not as much in 2023 as it’s still 80% but drops to 60% then 40% then 20% then zero.

 

[Black02GT]

I read an article that said any electric vehicle that gets in even a minor accident has to have the battery totaled which ends up totaling the car. Insurance companies don't want to take a risk that the battery could be damaged in some way and fail / start a fire. They said if this trend continues insurance rates will be unaffordable for electric cars.

More people have died in New York City from electric bike fires than any other source. A lot of apartment buildings are now prohibiting them being stored or charged inside.

Interesting to watch the evolution over the last 3 NEC/NFPA books about at home storage.

Story short, becoming more strict.

 

[1995COBRA-R]

Factor in inflation and it's really worth half of what it was in 93

In fairness, Ford has delivered dividends during this time.

And GM went flat bankrupt along with Chrysler. They screwed everyone. Ford stock may be flat, but they still are here and have made some great cars.

Who wouldn't like a 2005 GT40? The newer GT40?

One of my favorites is the 2011 Mustang 5.0. I bought one

It was a great car. I still have the window sticker.

 

[1995COBRA-R]

What was the cost of 2011 Mustang 5.0 with good brakes? It's here:

That's with the Brembo brakes and the 3:73 rear axle.
Call it $30,000 + tax for the car.

 

[1995COBRA-R]

And the Camaro stopped production back then. They just announced that you better get one today as they are no longer making them no more (again). I hope the next one is less ugly.

 

[Tezz500]

And the Camaro stopped production back then. They just announced that you better get one today as they are no longer making them no more (again). I hope the next one is less ugly.

If they wanna sell Camaros like ford does mustangs they need to retro back to the 80s and remake something similar to the IROC z… complete with T Tops as an option. That shit would sell.

 

[sleek98]

If they wanna sell Camaros like ford does mustangs they need to retro back to the 80s and remake something similar to the IROC z… complete with T Tops as an option. That shit would sell.

There would be one in every trailer park for a few months until they got repod

 

[Tezz500]

There would be one in every trailer park for a few months until they got repod

There would need to be a specific model that required a mullet, wife beater and came with a full collection of Journey Albums.

 

[SSSSSSSSSSSSVT]

If they wanna sell Camaros like ford does mustangs they need to retro back to the 80s and remake something similar to the IROC z… complete with T Tops as an option. That shit would sell.

Yes they sold a ton of these and they are badass but they decided they would go "all in" on building Saturns with electric motors. Bold move, let's see how it turns out.

 

[Relaxed Chaos]

Edit: just says they’ll be able to make 2 million EVs a year by 2026

They might be able to make them. I hope they sell a tiny fraction, and go under.