F O R D takes it in the can with EVs, abandons plans for F150 EV

[Kern Dog]

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Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter.

But excluding that charge, the company said this should actually be a fairly good quarter due to strong sales of its traditional gasoline-powered trucks and SUVs. It raised its operating profit target for the year to $7 billion.

But the pullback on its EV plans also means its flagship electric vehicle, the F150 Lightning, will be on hold indefinitely. Ford said the next generation of the F150 will have a 700-mile range and improved heavy-duty towing. It announced Monday that it had halted production of its original F150 Lightning model this month. But it did not give any details on when production of the new model would begin.

Demand for electric vehicles surged through the summer and September due to the scheduled expiration of a $7,500 US tax credit for EV buyers. Ford’s EV sales jumped 30% in the third quarter, compared to a year earlier, the company said in October. But those sales only came to 30,600 vehicles, or just less than 6% of its total US sales. While the company has not reported fourth-quarter EV sales, outside estimates are that all US EV sales fell sharply.

Ford and other automakers invested heavily in EV plans in anticipation of stringent environmental regulations put in place during the Biden administration. They also expected some states to follow the lead of California and ban gas-powered vehicle sales within a decade.

But the Trump administration has rolled back those emissions rules along with the financial support for EVs, and is challenging states’ authority to set tougher rules. So Ford is looking for ways to use some of those assets besides strictly powering electric vehicles. One of the plans the company announced Monday is to have some of its EV battery capacity repurposed for energy infrastructure and growing data center demands.

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[Texas97]

knees that get jerked too fast always end up broken.

-Texas97

 

[Kern Dog]

The Tesla DeLorean trucks still look dumb as **** to me.
Sometimes an unusual design grows on me after awhile. I didn't like these front ends when they first came out:

....Now I love the design but the electric cars and trucks often look too weird to me.

 

[Richard Cranium]

Demand for electric vehicles surged through the summer and September due to the scheduled expiration of a $7,500 US tax credit for EV buyers. Ford’s EV sales jumped 30% in the third quarter, compared to a year earlier, the company said in October.

Demand jumped because they offered fire-sale pricing on their EVs just to get rid of them, not just the $7,500.00 tax credit.

 

[Budnicks]

Demand jumped because they offered fire-sale pricing on their EVs just to get rid of them, not just the $7,500.00 tax credit.

or is it
their greed & it's almost 'junk stock' to own Ford stock
bad decisions by all at all the US auto manufactures,
going green was a Eurotrash LOSER idea (UN Globalists BS)
we paid & every other country was exempt,
(US pollys got greased, to push it by lefts EV Lobbyists)
those like China & India ''the world's worst polluters'
& a subsidies from the US fed., funded the scam,
people didn't buy, most people were smarter than that BS
& they're lil' to no infrastructure
(8 billion in Feds/Taxpayers $$ from 2020-2024, for 3 charging stations, someone got rich)
to support the New Green Scams
(Remember the GM EV Cruz, alone, the LOSER admin. during Jan. 2009- Jan. 2017
was a $27k loss per vehicle, subsidies just to sell, they never really recovered from that crap
& mostly all parts made in China, outsourced)
no profit in them otherwise,
from the get-go, it was all smoke up the anus/lies 'house of cards',
finally came tumbling down, billions upon billions $$$s lost
in profits or production (especially new models) & *shares/investors stock, lost

 

[Richard Cranium]

In fairness to the domestic auto makers, they didn’t want EVs.

 

[Kern Dog]

Watching Tim Kuniskis push the electric Dodge Charger in that video was pathetic. He looked like a cuck that was leveraged into letting other dudes bang his wife while being too much of a fag to stand up and fight.
I'll bet that Z E R O percent of Dodge Charger owners saw the EVs as an upgrade.

 

[Texas97]

In fairness to the domestic auto makers, they didn’t want EVs.

i disagree. they fell over each other kiss the Obama feet with EVs. they didn't have to. they could have banded together as an industry and pushed all the way back.

"no more Yukons for the Feds. No Exploders for the Police. " instead they rolled over when someone sneezed.

 

[Cranky]

Didn't read anything word for word that might be political.....can anyone say it???

 

[chargervert]

They have to build vehicles people actually want to buy!

 

[Richard Cranium]

They have to build vehicles people actually want to buy!

And not be forced into building money losing cars that people don’t want to buy.

 

[RJ Squirrel]

Hopefully Trumps rolling back of vehicle standards will get the american manufacturers building more simple affordable machines again

 

[WileE]

Hopefully Trumps rolling back of vehicle standards will get the american manufacturers building more simple affordable machines again

Don't hold your breath. A regular-cab, short-bed, V8 truck with ZERO options. Send me a postcard when that happens.

 

[Don selleck]

Hopefully Trumps rolling back of vehicle standards will get the american manufacturers building more simple affordable machines again

I Saw the news report (not the fake news) on that a savings of around a $1000.00 per vehicle, pretty much 1 payment and some change. But maybe it will keep the increases from happening for a few years, MAYBE.