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re: Will this really work? Ford to lose $3 billion this year on EV sales?

Posted on 3/29/23 at 11:55 am to
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 11:55 am to
quote:

But it said it still expects EVs to start making money soon, going from a 40% operating loss margin last year, when it sold about 96,000 EVs, bringing in $5.3 billion in revenue, to about an 8% profit margin by the end of 2026.



Did Solyndra have these sort of projections?
This post was edited on 3/29/23 at 11:59 am
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
108967 posts
Posted on 3/29/23 at 12:02 pm to
Hurry up everyone, let's go totally green in everything that is built.


Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 12:08 pm to
quote:

Did Solyndra have these sort of projections?

Stupid attempt at a “gotcha”. Solyndra was trying to develop a new type of PV module. Ford’s isn’t innovating, they’re just trying to make normal EVs.
This post was edited on 3/29/23 at 12:09 pm
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 12:12 pm to
quote:

Solyndra was trying to develop a new type of PV module


They weren't trying to generate revenue and eventually a profit?

quote:

Ford’s isn’t innovating, they’re just trying to make normal EVs.


They're not innovating??

Most Innovative design Companies of 2022

quote:

2. FORD MOTOR CO.
For building America’s electric vehicle

The F-150 Lightning, which goes on sale in 2022 after much fanfare, is the electrified version of the best-selling vehicle in U.S. history. This is a moment. On top of entering the market as an affordable EV performance version of America’s favorite vehicle and reaching nearly 200,000 preorders before Ford paused them, the F-150 is also a backup storage battery for your home that can run for days on end. This is just the sort of advanced, vehicle-to-grid power-sharing technology that researchers at UCLA proved out years ago and nearly everyone in the energy industry agrees is needed to balance power loads. But Ford is the first manufacturer bold enough to ship the option. However, car watchers shouldn’t let too much electric truck distract them from Ford’s other exciting releases. The company’s other new truck, the Maverick, starts at under $20,000. Its open bed is designed to be hacked with 2x4s, for anything from storing plants to constructing your own camping setup. In 2022, Ford has made buying a truck a tantalizing option.
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 12:16 pm to
quote:

They weren't trying to generate revenue and eventually a profit?

Eventually. If the product had worked. Which it didn’t.
quote:

They’re not innovating??

No. They’re making boring old EVs with no tech that hasn’t already been developed. Packaging existing EV tech in a truck chassis isn’t innovating no matter what some paid for article says.

Eta from that article
quote:

3 - crocs

This post was edited on 3/29/23 at 12:18 pm
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 12:23 pm to
quote:

Eventually. If the product had worked. Which it didn’t.



So you agree?

quote:

No. They’re making boring old EVs with no tech that hasn’t already been developed. Packaging existing EV tech in a truck chassis isn’t innovating no matter what some paid for article says.



Absolutely nothing new with EV tech within the Ford Lightning? What are they doing with the Rouge Electric Vehicle Center?

quote:

crocs


Had no idea that they are the ones behind those ugly Yeezy slides but they're making stacks of money.
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 12:31 pm to
quote:

So you agree?

Sure.
quote:

Absolutely nothing new with EV tech within the Ford Lightning? What are they doing with the Rouge Electric Vehicle Center?

What’s innovative or new about either?
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 12:37 pm to
quote:

What’s innovative or new about either?


Going off of Merriam-Webster

quote:

1: to introduce as or as if new


The F-150 Lightning is the first EV truck from Ford and I believe it is the only full-size truck available on the market.

quote:

2: to effect a change in


The Rouge Electric Vehicle Center will create a change in the way that electric vehicles are manufactured for Ford.

I hope it works out for Ford but they have a long ways to go, their profit projections seem incredibly optimistic.
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 12:39 pm to
I just don’t see putting the same old tech in a truck chassis and copying what Tesla has done at Fremont or Sparks as innovating.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 12:46 pm to
quote:

I just don’t see putting the same old tech in a truck chassis and copying what Tesla has done at Fremont or Sparks as innovating.



So you agree that Ford will continue to lose money on their EV line?
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 12:55 pm to
quote:

So you agree that Ford will continue to lose money on their EV line?

what does that have to do with innovation?

I’d say they have a better chance at profitability since they’re just copying existing tech.
This post was edited on 3/29/23 at 12:57 pm
Posted by Triggerr
Member since Jul 2013
2015 posts
Posted on 3/29/23 at 1:00 pm to
I wish the complete embrace to EV would hurry up and happen so these damn diesel truck prices would drop like a rock. I have to get a new one and $90k price tag for a new truck is just stupid.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 1:01 pm to
quote:

what does that have to do with innovation?



Circling back to your statement of it being a "stupid gotcha."
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 1:05 pm to
quote:

Circling back to your statement of it being a "stupid gotcha."

It is. Ford and Solyndra have nothing in common other than that they’re both companies and have investors.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 1:09 pm to
quote:

Ford and Solyndra have nothing in common other than that they’re both companies and have investors.



Nothing at all, really?


Do Federal subsidies sound familiar to you?
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 1:11 pm to
quote:

Do Federal subsidies sound familiar to you?

I didn’t realize Ford was getting DOE loans.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 1:15 pm to
quote:

I didn’t realize Ford was getting DOE loans.



They're getting government money
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 1:17 pm to
quote:

They're getting government money

From who? Fed? State? Local?
Loan? Tax rebate? Grant?

Better or worse deal than Bucees?
This post was edited on 3/29/23 at 1:19 pm
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36073 posts
Posted on 3/29/23 at 1:31 pm to
quote:

From who? Fed? State? Local?
Loan? Tax rebate? Grant?


Fed: Inflation Reduction Act was a big win for electric vehicle manufacturers.

$1Bn from Michigan

quote:

To support today’s transformational investments, the Michigan Strategic Fund today approved:

Critical Industry Program (CIP) through Strategic Outreach and Attraction Reserve Fund (SOAR) – $210 million
The Critical Industry Program will support a $3.5 billion investment in Michigan that will lead to the creation of 2,500 new jobs.
MSF Designated Renaissance Zone – $772 million
The Renaissance Zone will reduce both real and personal property taxes for a period of 15 years
Jobs for Michigan Investment Fund Loan – $36 million
The MSF loan will be allocated to the Marshall Area Economic Development Alliance (MAEDA) to purchase, improve and transfer Marshall mega site parcels in and around Calhoun County. MAEDA will undertake site readiness activities at the project site in Calhoun County that are necessary to complete time sensitive activities, including land acquisition and site improvements.
Posted by billjamin
Houston
Member since Jun 2019
18021 posts
Posted on 3/29/23 at 1:34 pm to
quote:

Fed: Inflation Reduction Act was a big win for electric vehicle manufacturers.

What did they get?
IRA has a bunch of shite in it. Nuke, manufacturing, etc.
quote:

$1Bn from Michigan

Meh. I don’t live in Michigan so I DGAF.
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