$4 billion dollar loss this year, that is less than what the analyst expected. Ford stock may go up.
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Ford borrowed $9.2 billion loan this year. 1/2 of it is gone. The other half will pay for more losses is 2024. That is if Ford still want to make EVs.
Why not just go mass transit instead of EV?? If Governments want more control over people and EV's are a step in this direction let's just go Mass Transit.
Newer vehicles will include all the data collection on how one drives, turn vehicle off if speeding, keep you in your 15 minute city.
Look no further than China that the USA is trying emulate.
Gen1 was itself a failure
Now gen2 without learning your lessons.
Take the Government funding away and you have a losing political 12company.
Ford is going to shutdown battery plants, cut EV production to 1 shift. This will save the company $1 billion next year.
Is there anything good and exciting from Ford in 2024 that anyone want to buy? Everything is still look the same.
Thanks again model-e for only 4 billion lost this year.
Wonder if it's the HR team that has an intern posting here? It's so bad it's funny.
Thanks for the commentary Ford-bot.
Leadership (incl. DF) has clearly stated Model e is a start-up and should be viewed as such. Don't go expecting billions in profits so soon, especially when our premier gen-2 Model e mobility products/services aren't even out in public yet.
Once the full lineup is out, the profitability will begin.