Ford Posts $3.1 Billion LOSS on Electric Cars

According to the company’s earnings report released on Wednesday, Ford reported revenue of $34.5 billion between January and March, a 5% decline over the same period in 2021, and a net loss of $3.1 billion on it's investment in electric cars.


+2 # RE: Ford Posts $3.1 Billion LOSS on Electric CarsThe Deplorable Renegade 2022-05-05 16:09
No electric car for me ever. Give me a gas engine anytime.
+1 # Auto Bailout 2.0OccamsRazor 2022-05-05 15:37
He who panics first, wins. Ford is trying for Too Big To Fail Bailout 2.0. If they cant Make EV vehicles work in a Gas Shortage economy, they better just get out of the business now.

I stopped buying Ford's 15 years ago. Everyone of their products I owned was a maintenance issue. So it's no wonder they have issues trying to make an electric car that works. I just wonder with FIAT owning Chrystler/Dodge/RAM, how the European Russian Gas devoid sector is going to be able to supply parts to USA.
# RE: Ford Posts $3.1 Billion LOSS on Electric Carsmjc 2022-05-05 13:14
I always wanted a coal-fired car (Stanley Steamer).

EVs (effectively coal-fired) are the next best thing.
+1 # RE: Ford Posts $3.1 Billion LOSS on Electric CarsEddamnit 2022-05-05 12:15
Henry Ford killed the electric car 100 years ago, will the electric car kill Ford today?

Electric cars were always city cars and with cities discouraging car ownership the electric is a finite market built with finite materials .

That all being said I live in Hawaii and there are so many Teslas here it's kind of weird but it works because about the furthest distance you drive in a day is a hundred miles or so from one side of the island to the other and back.

Lithium is a psychoactive element and these lithium batteries off gas so I'm not 100% comfortable being around them, not even my flashlight batteries.
-3 # Electric-powered motorcar is an oxymoron for Ford.Haarnaś 2022-05-05 11:23
Henry Ford must be turning over in his grave.

An electric car which is several times more expensive to build and operate should have had never been built at Ford. Mechanical genius Henry would have had never get involved in this scheme. He had designed a car for the masses that could be built in 90 minutes rather than 12 hours it took to build a rich-man's car a hundred years' ago. Ford will lose even more money unless they realize their mistake now and falls back on the company founder's founding principles!
-2 # RE: Electric-powered motorcar is an oxymoron for Ford.Eddamnit 2022-05-05 12:18
But are they really more expensive to build?
They have many fewer parts than an internal combustion engine and transmission.
+6 # 2nd hand carbonHt247BR22 2022-05-05 09:47
An EV is just a second hand hydro carbon vehicle. Not only do you have to use hydrocarbons to recharge them, you also have to loose another 17% on top of that in battery recharge losses. Dumb and dumber
+4 # re: 2nd hand 2022-05-05 10:08
Right. Plus the cost of infrastructure needed for EV charging stations. Most consumers are not aware there are currently three different chargers available based on the EV model. The consumer most determine which charge center is compatible for his vehicle. Whereas most gasoline stations offer leaded/unleaded/diesel, most charge stations are “plug-n-play” for one model only. And you think you had it tough initially determining your cell phone coverage area back in the day :-(
+1 # The real world does not wantsupporttheblue 2022-05-05 09:08
EV's. How exciting is the sound of an EV accelerating? Id take a HellCat over any EV any day. HOOYAH!
+6 # What’s so great about 2022-05-05 08:57
Negatives :
-environmental damages mining for lithium / cobalt
-contamination of massive amounts of fresh water during mining process
-reports of child labor abuses mining in third world countries
-less than 2% of batteries are reusable, balance contaminating landfills
+5 # True, better alternativeSBGlett77 2022-05-05 08:36
We also don't have the electrical infrastructure for supplying enough power for charging a couple hundred million electric vehicles.

The problem for Hydrogen and Fuel Cells has always been energy density - storing or generating enough for long range. We set up our economy and communities in the 1950's to allow long commutes ( 4-60 miles ) as normal, and now we're experiencing the downside of that. A little Hydrogen car for driving a couple miles to work and occasionally going a few miles to shop or eat out would work fine. Of course, if we were to have that situation, ICE cars would be fine, too, as our gas usage would be small.

People were so permanently wedded to the idea of living farther and farther from their work, in the 1940s-50s-60s, that they were sure we would be taking flying cars to work by the 1990s. Where's my flying car ??


100% Trusted Informational Platform Website 2021


Hal Turner Radio Show Logo

Publisher Info:

Post Office Box 421
North Bergen, NJ   07047



Tel. 201-484-0900 (Office)

SPEAK ON-THE-AIR: 201-771-3013