What do you think about Ford increasing its investment in electric and autonomous vehicles to 29 billion dollars? Will this investment pay off?
If somebody is interested, here is the article on that:
https://www.theverge.com/2021/2/4/22267195/ford-electric-autonomous-investment-29-billion
18 replies (most recent on top)
Don’t worry our new President will take care of us, right after he takes care of the ILLEGAL ALIENS, um I mean undocumented workers and trans athletes. I’m in Florida on vacation not sure I will be coming back to commie mi. Use your brains people don’t be sheep! The
@4ahp When you said 'people' I hope you were referring to corporations. In their infinite greed to chase more profits they sold the American worker out on 2 fronts. The offshoring of workers and H1B Visas.
Costs went down with offshoring but did prices go down along with those costs? Of course not. Prices remained the same while pocketing those extra profits. This made their products unaffordable especially for those that lost their jobs and had to take another with lower wages/salaries. Not to mention loss of brand loyalty.
The second front is the H1Bs. I don't blame the workers. They need to eat and put a roof over their heads like the rest of us. The blame lies with these corporations, who don't want to pay American wages, that lie to the government claiming they can't find qualified workers for their open positions. Then they get someone for 1/2 to 1/3 of the salary saving money on salaries but in the long run not so, due to quality issues because they have no loyalty because it is just another job to them.
The economy in this country will never come back to where it was before we the people allowed offshoring to occur. We deserve what we have. Like O Bummer said and I quote: those “Those are never coming back” now add in and open border, & H1B visas and we are BOHICA for sure.
The problem isn’t in the physical costs. The problem is in the layers of unnecessary management, and armies of puff positions and redundant positions. This leads to circular blame-chains and convenient places to hide for the do nothing crowd. Farley needs to aggressively prune half the management and all of the do nothing crowd and puff positions for Ford to survive.
How can this company, who founded the “Assembly Line Concept”, build EVs when it can’t even build a basic economy car (I.e. Focus) and sell it at break even. Give me a break, company is totally lost, and forgot the basics which created them in the 1st place.
I remember Ford restricting the incentives Chinese dealers could put on vehicles. Ford was ranked last in quality.
Tesla is doing well in part because they are seen as an American luxury brand by the Chinese, so a status symbol to own. China is the largest vehicle market, and they do not want anything with a Ford logo, it is seen as a poor man’s choice.
Finish the CHOO CHOO station first. Too many irons in the fire already. Ford couldn’t sell a hybrid what makes them think they can sell an EV? Maybe waiting for government subsidies????
Tesla is still seeing 30 percent growth despite the pandemic. So there are a lot of sheep joining the movement.
The big question IMO is will this market keep growing
I for one will never buy an EV. However a hybrid would make sense. We are sheep following the 🐺
It's a big bet in a crowded area. There will be winners and losers.
I don't think copiers will be winners unless they can do it with exceptional quality.
Equivalent to rearranging the seats on the Titanic...
Who pays for the upgrades to the electrical grid which will be required to support all of those EVs? What happens when there's a wildfire in California and the power company intentionally shuts off the grid and people can't charge their EVs to get out?
The government doesn’t want people to live outside the cities. Therefore force EV’s on us. EV’s are job k–lers very few people want. Let the customer decide. Bring back the V8. Try driving to Florida or even to the UP with no range or charging stations. People are sheep, don’t embrace new technology without realizing the implications.
With revenue dropping year over year to the point where debt payments due this year are only $30 Billion less than expected revenue, and we only have $30 billion cash on hand, we should be worrying about survival.
EV's are worse for the environment than ICE vehicles but the new world order is funding and forcing the issue on EV's in the USA while our Chinese overlords overtake us without lowering their emissions.
Autonomous is pretty much the same deal- new world order sees the chance to eliminate paying truck drivers and make more billions for Bezos.... plus truck drivers like guns and bibles and stuff that don't fit the new world order morality.
So they are investing in trying to get govt handouts and they are investing in virtue signaling.
I think we should invest more in restoring historical sites. Forget about the future.
I hope it pays off.