Thread regarding Ford layoffs

Ford Pleads for Government Aid to Sell EVs Nobody Wants…

The UK government is being pushed by the Ford Motor Co. to mandate consumer incentives to push drivers into electric vehicles (EVs) as an industry backlash grows over imposed sales targets and the marketplace flatly rejecting the product.

Lisa Brankin, Ford UK’s chair and managing director, told the BBC that without induced demand, a government mandate to produce and sell more EVs “just doesn’t work” and consumers must be forced to bend to government edicts.

Her plea adds to a growing tension between the government and the industry over the sale of new petrol and diesel cars being phased out by government decree over the next few years even as demand collapses.

On Tuesday, Stellantis, the owner of Vauxhall, said it would close a plant in Luton, putting 1,100 jobs at risk, partly due to the EV targets.

Business Secretary Jonathan Reynolds told the House of Commons on Wednesday that Stellantis’s decision was “a dark day for Luton.” It joins Ford in axing UK jobs.

Last week, it announced it will cut 800 jobs in the UK over the next three years, due to the EV targets and increased competition from China which is flooding the marketplace with cheap EV alternatives.

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Post ID: @OP+1vI51Wx4

18 replies (most recent on top)

Post ID: @3aof+1vI51Wx4

"Come down. No one is forcing you to like or even buy an EV."

Correct, but they are forcing you to subsidize someone else with $7,500 towards their purchase. Not to mention your tax dollars is also incentivizing the auto manufacturer to build vehicles no one wants, the battery plant, the precious metal mining companies, the electric infrastructure specifically for charging vehicles and $7B to install some new charges around town that is not included in the infrastructure.

I want to buy the fastest car we sell, I know it's very expensive. Why not subsidize my purchase, certain the company makes a profit on these types of vehicles and not lose $100K+ loss on you know, the thing...

The government has pushed these companies to the brink of bankruptcy by incentivizing the he-l out of this. The market has spoken and the EV experiment has already caused our OEM to lose billions - that is entire vehicle programs for us non-MBA types.

Maybe we need to see a few more years of these heavy losses so we can say, long term this was a bad idea.

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Post ID: @4ncd+1vI51Wx4

Post ID: @1nqa+1vI51Wx4
Why couldn't this study and increase in EV sales be both correct?
They are not mutually exclusive!

Regarding your "picture", my post makes no predictions about the future sales of EV, only that current sales have increased.

Come down. No one is forcing you to like or even buy an EV.

The market will determine what the OEM' will produce regardless of government subsidies.

Just posing the question, if EV sales really tanked and Tesla starts losing billions of dollars, will DJT come to Musk' company rescue?

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Post ID: @3aof+1vI51Wx4

CO2 isn't even the main emissions from a vehicle. Tire and brake particulate are! And guess what, EVs shed even more of both of those than ICE vehicles do!

EVs aren't even as environmentally friendly as people think they are!

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Post ID: @3lkb+1vI51Wx4

@1hob+1vI51Wx4

So much so that Ford is mandating
LL6s second lease MUST be an EV.

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Post ID: @2van+1vI51Wx4

https://www.cnbc.com/amp/2024/07/25/ev-owners-want-to-buy-gas-cars-again.html

@1isu+1vI51Wx4, so this study above is BS? “There’s a su---r born every minute” ~PT Barnum. So let’s say 1/3 of EV converts (this is being generous as it could be 1/2) switch back to ICE. How is this market share growth tenable? Also noting: Sales in general have not rebounded to pre-pandemic levels because people cannot afford new cars.

So let me paint this picture for you: Assuming 8.9% market share was delivered to customers and not sitting in dealer inventory (which we know is not Ford’s case). You have almost every legacy OEM and Tesla which owns half of it fighting for a slice of 8.9% market share. Where 30-50% switch back to ICE after the lackluster EV experience. Also Musk alienated more than half his customer base by backing Trump (but he is so smart…) Please explain to me given above how the momentum continues for EV market share growth? Maybe market share growth for Toyota; that’s the only outcome I can see out of this scenario…

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Post ID: @1nqa+1vI51Wx4

@1isu+1vI51Wx4
You so funny! 10% of a small number is a small number compared to a large number. Keep smoking the BEV bo-g.

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Post ID: @1jls+1vI51Wx4

Really? You may not like EV but do your homework, people are buying EV'

https://caredge.com/guides/electric-vehicle-market-share-and-sales

Q3 2024 Electric Vehicle Market Share and Sales (U.S.)

U.S. EV market share reached a new high of 8.9% in Q3 2024.

EV sales were up 11% year-over-year, totaling 346,309 sales in the third quarter.

General Motors reported a 60% increase in EV sales year-over-year, compared to a 12% for Ford.

The Honda Prologue, Chevrolet Equinox EV, Hyundai IONIQ 5 and Kia EV9 are among the most popular EVs from legacy OEMs. Tesla’s Model Y and refreshed Model 3 continue to sell in big numbers.

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Post ID: @1isu+1vI51Wx4

The inconvenient truth is EVs are an albatross hanging around Ford's neck.

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Post ID: @1hob+1vI51Wx4

@euo+1vI51Wx4 Or the escalation of commitment fallacy. I have never saw so many projects that should have been eliminated in the search phase with some simple ROI modeling using “real” market data. Simply put: Theft of company resources to further personal empire building. C suite has violated their fiduciary responsibility to the shareholder.

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Post ID: @1git+1vI51Wx4

Translation:
You are going to like EVs even if I have to run you over with them.

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Post ID: @1bwq+1vI51Wx4

$21 down to $11. Stock is likely going to $5.xx. How much do you all want to defend a losing proposition?

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Post ID: @1aul+1vI51Wx4

If you are shorting the stock market, these are the stories you want see.

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Post ID: @1kvn+1vI51Wx4

Shut up about CO2. Thants a secret. The trolls are not supposed to know that! We late supposed to bleed these su-kers for all they are worth!!!!

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Post ID: @1fpo+1vI51Wx4

Auto execs are brainless except for Toyota. Toyota basically told the governments shove BEV mandates up their arses because they made little business sense and customers didn’t want them. And look who got stuck with billions in debt? Ford, GM, and European auto co’s who decided the taxpayer would bail them out if they failed. I find it hard to believe Fords marketing and planning missed it this bad. The sad thing is all these execs had to do was an internal poll on what the employees thought of owning a BEV. It was that simple.

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Post ID: @1ckc+1vI51Wx4

People don’t want electric vehicles because of the inconvenience and the costs. And what’s the resale value?

Mandates diminish us all.

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Post ID: @1urj+1vI51Wx4

Originally the UK government had scheduled a Petrol and Diesel car ban for 2030. This was basis for Ford's decision to switch to BEV within the same timeframe. Last year the government pushed the deadline back in time from 2030 to 2035. Unfortunately Ford has now a large BEV plant in Cologne which is idling most of the time.

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Post ID: @1kfi+1vI51Wx4

Ford field baby ! Go Lions !

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Post ID: @zxz+1vI51Wx4

Auto execs don't understand the sunk cost fallacy

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Post ID: @euo+1vI51Wx4

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