Ford loses $1.3 Billion in Q1 of 2024, Delays plans to build more

[Anti Federalist]

The EV cat is out of the bag.

Outside of very limited urban and congested traffics areas, comprised of short trips, EVs are utterly unsuited to the driving that 90 percent of Americans drive.

So now, government will force them on you.

Or maybe they'll just skip that step altogether, and reduce you to what they really want you to be using.

Enjoy your Chairman Mao bicycle, comrade.

Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More

https://www.breitbart.com/tech/2024...es-first-quarter-2024-delays-plans-make-more/

OLIVIA RONDEAU 28 Apr 2024

Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss.

The auto manufacturer’s electric vehicle unit revealed Thursday that they experienced a 20 percent decrease in sales volume and were forced to slash prices due to low consumer demand, CNN reported.

The revenue for Ford’s EV car, the Model e, plunged by 84 percent to about $100 million, which the company blamed on EV price cuts across the auto industry.

“That resulted in the $1.3 billion loss before interest and taxes (EBIT), and the massive per-vehicle loss in the Model e unit,” the publication noted.​

The recent figures are part of a trend of loss for Ford, with their Model e reporting a full-year EBIT loss of $4.7 billion on the sale of 116,000 units.

This is an average loss of $40,525 per vehicle — and even that is just a third of the per-vehicle loss seen in the first three months of 2024.

Now, company officials are estimating that their EV division will lose a grand total of $5 billion this year, up from $4.7 billion last year.

“Americans don’t want EVs at levels Biden’s climate hysteria require,” author and businessman Andy Puzder wrote on X. “Ford’s EV Q1 losses soared to $1.3 billion — a ridiculous $132,000 per EV sold. All Ford’s profits came from combustion engine vehicle sales. Collectivist policies destroy prosperity.”

https://twitter.com/AndyPuzder/status/1783439184100814886

 

[GlennwaldSnowdenAssanged]

We like our Tesla. Great car with around 300 mile range.
Good for Tesla if some of these other manufacturers vacate their production.

 

[oyarde]

Ford stock probably a little over valued at 12.79 , Tesla stock probably sould be about 12 too , id pass on any and just go ammo and gold coins .

 

[GlennwaldSnowdenAssanged]

Ford stock probably a little over valued at 12.79 , Tesla stock probably sould be about 12 too , id pass on any and just go ammo and gold coins .

You should take a look at CXBMF.

 

[Anti Federalist]

We like our Tesla. Great car with around 300 mile range.
Good for Tesla if some of these other manufacturers vacate their production.

That's great, I hope it gives you good service.

The market, however, does not like them so much.

 

[GlennwaldSnowdenAssanged]

That's great, I hope it gives you good service.

The market, however, does not like them so much.

I am not really sure about the whole Tesla thing.
I know they had a market in China and China is mass producing their own EV's now.
I think one thing Tesla has going for it is I think they have lean manufacturing and are efficient. Probably lots of state of the art robotics. My guess is they are not overproducing cars. They probably have the ability to throttle the production to meet the need.
Also I think that Tesla is still extremely highly rated as far as satisfied owners.
My guess is Tesla is not going away.

 

[dannno]

Tesla isn't a car company, it's an energy company that produces cars as one of it's products. They are definitely not going anywhere.

 

[fisharmor]

My last encounter with a Ford was about 6 years ago. My neighbor had whatever they call their small car now. She called me over to look at it because the screen kept saying it was time for an oil change and she had just gotten one.
I effed with it for 5 minutes, checked the manual, and there was no reset of any kind. It was the first oil change in a new car, so I told her there is nothing in the manual and nothing in the menus, so take it back to the dealership and make them get rid of it, because they're the ones who thought this was a good idea.

If that's the Ford electronic experience, then no duh they're losing a hundred grand per unit.

 

[Anti Globalist]

Guess electric vehicles aren't as popular as they wanted to believe.

 

[Anti Federalist]

If that's the Ford electronic experience, then no duh they're losing a hundred grand per unit.

It's just the EVs that are not selling.

The Ford F150 is still the best selling vehicle in the US, for almost 50 years now.

My last encounter with a Ford was about 6 years ago. My neighbor had whatever they call their small car now. She called me over to look at it because the screen kept saying it was time for an oil change and she had just gotten one.

If it was a Ford Focus, Ford's most common small car in the US, this is how you do it:

Resetting the Oil Life Monitoring System

Only reset the oil life monitoring system after changing the engine oil and oil filter.

To reset the oil life monitoring system do the following:

Switch the ignition on. Do not start the engine.

Fully press the accelerator and brake pedals at the same time.

Keep the accelerator and brake pedals fully pressed.

After three seconds, a message displays confirming the reset procedure is in progress.

After 25 seconds, a message displays confirming the reset procedure is complete.

Release the accelerator and brake pedals.

Switch the ignition off.

Now, let me explain...I've been a petrol head my whole life. And I loathe computer cars with a passion and intensity that is not even rational.

I have now arrived at the point that my rage is spent, and I must acclimate and adapt.

So, in my state of semi retirement, I have taken it upon myself, kicking and screaming, to re-learn an entire lifetime of car knowledge, and suck up everything I possibly can about how these infernal fucking computer cars work and where to find accurate information, quickly, so as to remain relevant.

That's how I was able to find that info in about 30 seconds.

 

[fisharmor]

It's just the EVs that are not selling.

The Ford F150 is still the best selling vehicle in the US, for almost 50 years now.

And Ford would stop making everything else if they were legally allowed to. The sooner we stop trying to stuff them into a box that's obviously dominated by Kia the better off everyone will be.
[/quote]

If it was a Ford Focus, Ford's most common small car in the US, this is how you do it:

No you missed the point. That is *NOT* how I do it.
*I* do not do it.
If I was gifted one of those cars, I would sell it to some other rube who wants to forget his father catching him trying to brake with his left foot and yelling at him that you NEVER PUSH BOTH PEDALS AT THE SAME TIME, EVER.
*I* am a veteran IT professional. *I* will treat this the same way I treat other IT problems:
If it's something my company supports and I know it, I'll give friends and family the answer or fix it if it takes me less than 5 minutes.
In all other situations, go fuck yourself with a cactus.

That's the problem. It's not that they fucked up cars (well, it's mostly that) but it's also that they're wandering into the IT sphere and breaking a bunch of rules that have buried entire companies in the past. This is the IT equivalent of forcing the consumer to remove the front bumper to change a light bulb. Don't get me wrong - plenty of nonsense like that exists in software, and I've had to be the guy to fly overseas to train people how to set a bunch of configurations that use double and even triple negatives in their verbiage. But the reason they were flying me over is because the software WORKED, and they knew they were going to increase profits by at least 10%.

There are reasons to put up with that shit, and those reasons are absent. Today's Focus isn't giving the consumer 10% better anything than the models of 20 years ago.

Now, let me explain...I've been a petrol head my whole life. And I loathe computer cars with a passion and intensity that is not even rational.

...
That's how I was able to find that info in about 30 seconds.

It's entirely rational. I think you and I have disagreed in the past on stuff like EFI and maybe ABS - I am fully in favor of all cars having both as long as both are kept appropriately low-tech.

What's not rational is giving up when your skills are needed for what's coming. You're already seeing used cars selling for 3x what they did just a few years ago. You've probably already figured out this country is going to look like 1980s communist Cuba before we check out. Everyone is going to be driving older cars.

Nothing is going to stop them from simply banning them all and rounding them up, but until then people like you are needed to keep them running. I submit that is a much better use of your time. If I had a newer car, I'd sell it in a second, and use that money to keep my old Saturns running, and it would probably be enough to last for 30 years.


(BTW full disclosure, I actually do own a 2019 Kia Soul. Don't know if you're familiar but they just stopped making manuals in 2023. There's stuff I hate about it, but like I say to my wife, I could be happier with this car if there were some changes, but not much.)

 

[CaptUSA]

Tesla isn't a car company, it's an energy company that produces cars as one of it's products. They are definitely not going anywhere.

Some would say they're an "energy credit" company...

It used to be the knock that they sold rolling energy credits - not vehicles. It would be interesting to see if they could survive without them. Of course, we'll never know. They got in trouble a few years back for putting their credit business on the profit side of their books, so then they change their reporting methods. Although, I'm sure they're still counting those lucrative credits - just with a more "legally-defensible" justification.

 

[oyarde]

Some would say they're an "energy credit" company...

It used to be the knock that they sold rolling energy credits - not vehicles. It would be interesting to see if they could survive without them. Of course, we'll never know. They got in trouble a few years back for putting their credit business on the profit side of their books, so then they change their reporting methods. Although, I'm sure they're still counting those lucrative credits - just with a more "legally-defensible" justification.

Id value it around 9.29 like 1 800 flowers

 

[GlennwaldSnowdenAssanged]

And Ford would stop making everything else if they were legally allowed to. The sooner we stop trying to stuff them into a box that's obviously dominated by Kia the better off everyone will be.

No you missed the point. That is *NOT* how I do it.
*I* do not do it.
If I was gifted one of those cars, I would sell it to some other rube who wants to forget his father catching him trying to brake with his left foot and yelling at him that you NEVER PUSH BOTH PEDALS AT THE SAME TIME, EVER.
*I* am a veteran IT professional. *I* will treat this the same way I treat other IT problems:
If it's something my company supports and I know it, I'll give friends and family the answer or fix it if it takes me less than 5 minutes.
In all other situations, go $#@! yourself with a cactus.

That's the problem. It's not that they $#@!ed up cars (well, it's mostly that) but it's also that they're wandering into the IT sphere and breaking a bunch of rules that have buried entire companies in the past. This is the IT equivalent of forcing the consumer to remove the front bumper to change a light bulb. Don't get me wrong - plenty of nonsense like that exists in software, and I've had to be the guy to fly overseas to train people how to set a bunch of configurations that use double and even triple negatives in their verbiage. But the reason they were flying me over is because the software WORKED, and they knew they were going to increase profits by at least 10%.

There are reasons to put up with that $#@!, and those reasons are absent. Today's Focus isn't giving the consumer 10% better anything than the models of 20 years ago.




It's entirely rational. I think you and I have disagreed in the past on stuff like EFI and maybe ABS - I am fully in favor of all cars having both as long as both are kept appropriately low-tech.

What's not rational is giving up when your skills are needed for what's coming. You're already seeing used cars selling for 3x what they did just a few years ago. You've probably already figured out this country is going to look like 1980s communist Cuba before we check out. Everyone is going to be driving older cars.

Nothing is going to stop them from simply banning them all and rounding them up, but until then people like you are needed to keep them running. I submit that is a much better use of your time. If I had a newer car, I'd sell it in a second, and use that money to keep my old Saturns running, and it would probably be enough to last for 30 years.


(BTW full disclosure, I actually do own a 2019 Kia Soul. Don't know if you're familiar but they just stopped making manuals in 2023. There's stuff I hate about it, but like I say to my wife, I could be happier with this car if there were some changes, but not much.)[/QUOTE]

 

[69360]

Now, let me explain...I've been a petrol head my whole life. And I loathe computer cars with a passion and intensity that is not even rational.

I have now arrived at the point that my rage is spent, and I must acclimate and adapt.

So, in my state of semi retirement, I have taken it upon myself, kicking and screaming, to re-learn an entire lifetime of car knowledge, and suck up everything I possibly can about how these infernal $#@!ing computer cars work and where to find accurate information, quickly, so as to remain relevant.

That's how I was able to find that info in about 30 seconds.

I went the other way. After a lifetime of dealing with computer cars, in my retirement I bought a 67 Chevy as my daily driven car. Points and a carburetor, manual steering and manual drum brakes. It's as simple and basic as it gets, everything is easy to fix.

We could get blasted with an EMP and my car would still run.

 

[Anti Federalist]

I went the other way. After a lifetime of dealing with computer cars, in my retirement I bought a 67 Chevy as my daily driven car. Points and a carburetor, manual steering and manual drum brakes. It's as simple and basic as it gets, everything is easy to fix.

We could get blasted with an EMP and my car would still run.

+rep

My 1979 is like that. I took out the Ford Nevr-Spark electronic ignition and put in a breaker points distributor and coil.

 

[acptulsa]

I went the other way. After a lifetime of dealing with computer cars, in my retirement I bought a 67 Chevy as my daily driven car. Points and a carburetor, manual steering and manual drum brakes. It's as simple and basic as it gets, everything is easy to fix.

We could get blasted with an EMP and my car would still run.

+rep

My 1979 is like that. I took out the Ford Nevr-Spark electronic ignition and put in a breaker points distributor and coil.

Uh huh.

Carry a condenser in a lead bag, and probably a coil too, or don't count on all that.

One of those early ignition boxes would fit in your lead-lined case just as easily.

 

[Anti Federalist]

It's entirely rational. I think you and I have disagreed in the past on stuff like EFI and maybe ABS - I am fully in favor of all cars having both as long as both are kept appropriately low-tech.

What's not rational is giving up when your skills are needed for what's coming. You're already seeing used cars selling for 3x what they did just a few years ago. You've probably already figured out this country is going to look like 1980s communist Cuba before we check out. Everyone is going to be driving older cars.

Nothing is going to stop them from simply banning them all and rounding them up, but until then people like you are needed to keep them running. I submit that is a much better use of your time. If I had a newer car, I'd sell it in a second, and use that money to keep my old Saturns running, and it would probably be enough to last for 30 years.

Oh, don't misunderstand, I agree and I am not going to thrown away those skills.

I am learning these systems so I can figure out how to bypass, alter, eliminate or disconnect them when the time comes.

Propane or LNG is the key. It used to be pretty easy to fit a carb to a newer block, when it was just port injection.

Now, it's next to impossible.

But propane can be injected just behind the throttle body and with a little work, you can bypass all the EFI including the GDI systems.

Spark timing is a bitch though...haven't figured that one out yet, at least on OVC twin cams and stuff like that.

How do you attach a lighting whirler to a cam or crank not machined for it?

 

[Anti Federalist]

Uh huh.

Carry a condenser in a lead bag, and probably a coil too, or don't count on all that.

One of those early ignition boxes would fit in your lead-lined case just as easily.

The Nevr Spark boxes are too sensitive as it is. Sneeze on them wrong and they fail.

I'm going to swap out the DUI HEI system I have in my 93 at some point.

Got it covered.

https://www.amazon.com/Waterproof-F...-12-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9tdGY&th=1

 

[susano]

It's just the EVs that are not selling.

The Ford F150 is still the best selling vehicle in the US, for almost 50 years now.



If it was a Ford Focus, Ford's most common small car in the US, this is how you do it:



Now, let me explain...I've been a petrol head my whole life. And I loathe computer cars with a passion and intensity that is not even rational.

I have now arrived at the point that my rage is spent, and I must acclimate and adapt.

So, in my state of semi retirement, I have taken it upon myself, kicking and screaming, to re-learn an entire lifetime of car knowledge, and suck up everything I possibly can about how these infernal $#@!ing computer cars work and where to find accurate information, quickly, so as to remain relevant.

That's how I was able to find that info in about 30 seconds.

lol

You will be assimilated.

After years of driving beaters, I bought a used car in 2020 that is a 2016 so full of that stuff. When I bought it and went to test drive it, I asked the car guy where the key was because I'd never done the fob thing. It has an instruction manual over an inch thick, which I've referenced, but not enough. I still don't know how half the stuff works. I love the car, though, and it takes gasoline which is the only thing I'd drive. Seeing those Tesla fires, I wouldn't park one of those things in my garage.