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9 days agoIndeed,
“Ford just reported a massive loss on every electric vehicle it sold”
https://www.cnn.com/2024/04/24/business/ford-earnings-ev-losses/index.html
John Socks
I am retired in Southern California after working on the computational side of chemistry, medical electronics, environmental monitoring, motion pictures, and even some web commerce.
I am interested in hiking and the outdoors, exercise physiology (especially for someone in my age group), gardening, and old man projects in general.
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Cake day: November 2nd, 2022
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@Delta_V going back many years I’ve heard the description of the automobile industry problem as “overcapacity.”
Too many companies in too many countries are fighting for too few buyers, compared to that production capacity. Like, if you ran all plants atlnd all shifts it would be way too many cars.
Now that’s happening in EVs right?
To make money, on specifically the Mustang, Ford it has to sell a lot of Mustangs. Unfortunately everyone else is trying the same thing at the same time.