Can someone remind me of the announcement to produce 5 million ev per year? Was this back in 2021? JF was challenging us to get ready for this plan. How things change in just 3 years! How many billions did we lose in those 3 years. 15B? 20B?
15 replies (most recent on top)
Now Ford can start to build just fine vehicles like it once did.
Not with our current "leadership".
I was part of the fuel group that was let go a little more than 2 years ago because everything was going to E.V., thanks J.F. for your brilliant leadership in destroying a once great company.
Hate to say but you're 100% right.
Bureaucrates.,.. politicians or business leaders are so disconneced from the real world that they have no clue what it's like out here.
Dump a few grand into a charging station upgrade in my three-car garage no worries.
I don't think they have a clue that a lot of the urban center areas in the country don't have garages and park on streets.
Let's have the government install chargers on every public street that'll work.
Do you remember what public pay phones used to look like back in the day?
- many billions did we lose in those 3 years
Oh 3 or 4
It is good Ford is not going thru with SUV EV plan. Kick EVs to the curb -"The Tesla Style Circling the Drain Dance". Now Ford can start to build just fine vehicles like it once did.
People were let go from Ford because of their age or pension status, but those at the top are rewarded for making horrible decisions that put the company in peril? This does make it relevant to a layoff discussion because these clowns are affecting the jobs of good people.
OP: You have a point, but you are not accurate on the numbers. "Farley tweeted to say Ford is now expecting to produce 600,000 electric vehicles a year by the end of 2023, twice its original plan, and up to 1,000,000 electric vehicles a year by the end of 2025"
Also Ford released the following: https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/19/the-ford-electric-vehicle-strategy--what-you-need-to-know.html
Jim and Bill are mo--ns.
In the last 5 years I have been observing my community and paying high attention to installation of vehicle chargers and in those 5 years I only saw 2 locations where 2 chargers were installed. Now you would think 5 years is a long time and every gas station by now would have installed at least one or two chargers but NO! no one seems to care. So any sane person about to go dump 50k on a new EV would likely ask themselves the question of where are we going to charge this thing, how long is it going to take to charge, what if the power goes out, what if the car is left for a week or two unplugged? Most people only have 110V in their garages and now they have to slap on a 2000-3000$ upgrade to a level 2 charger. Before you know it its so overwhelming that most people prefer to stick to traditional old trusty ICE engines and the few that venture out to deal with the new challenges have already done the switch, that's why you see a slow down in EV sales. So the folks at FORD who are so bold to go with these big statements are so far disconnected from reality due to their pay grades that they don't see how the rest of us live down here at the bottom layers. Most normal folks can see the deep issues with EVs but for some reasons the high ups at the big companies are oblivious because all they worry about is profits and bonuses and they forgot that they have to please the customers and not the shareholders and it shows. At this point I am all for Chinese EVs to flood the markets with low cost alternatives and you will see some of the big players exit the game. For everyone who thinks that China is years behind, I suggest you go visit and spend a week in their cities and in their cars and we can talk again after, they are living in a different decade.
5 millions EVs was never stated. Ford only sells about 4m vehicles per year, about 1/2 in the US. At least know basic facts about your company / industry if you’re going to get mad about strategic decisions
@fiv+1u8tmJHq - "This is a layoff site". Exactly! How many got laid off because we lost so much money and was told that ICE engineers are no longer needed.
"please visit Yahoo finance for these discussion" This is NOT a financial discussion. This is about a company that made a bad decision and employees are paying the price for it.
Imagine if we had stayed the course like Toyota. There would have been no layoff, higher bonus, growing company, and high moral. Just dreaming what could have been.
Unless it's called Gov't Motors and it's the only place to apply for a permit to buy a car, forcing customers to a solution they don't want has never worked in a free market. Removing free choice in a market will result in an EV version of the Lada. Think Cuba, you'll soon be seeing lots of vintage cars and 4 by 4's on the road.
Unless there is an energy policy that customers can believe in this seems to be the jumbled direction where we are headed. If "we're" trying to conserve depleting feedstocks of fuel just say so and just like in the 70's, customers will make different choices. By the way take a look at this...
https://www.voronoiapp.com/posts/voronoi
Scroll around and note how energy hungry MicroSoft, Google and Meta have become. They individually, incredibly, consume more power than may countries!
Simply destroying demand of one automotive fuel only to increase demand on another doesn't make a lot of sense to most buyers who think ahead just a little and recognize there is an incredible and evolving cost involved in making that happen. The manufacturers are caught up in this green distortion and so by association is everybody in the car business. Mining millions of tons of ore, using millions of gallons of water in the process just to switch fuel type is not very green. Let alone all the other risks involved in adopting and building out this particular $trategy.
Ford was going 100% PHEV in Europe and plans to expand Valencia engine plant for 2.5l production. Then in 2021 ummm….. full throttle on EV. Billions down the cr-pper now and CEO make millions a year for horrible decisions. 1000’s were cut to fund the damn EVs. Now look where they are at. Hey dummies ever heard of Toyota?
In 2020 the WEF announced the plan to bring the world into the Great Reset -Green New Scam. From then on, the agenda was followed. Its a disaster.
This is a layoff site, please visit Yahoo finance for these discussions.