I hope to one day be able to afford one of those old school Hummer SUVs that gets seven miles to the gallon while eating McDonalds in the old fashioned styrofoam containers and listening to “God Bless the USA.” Of course that’s a little sarcasm, but it flies in the face of those that want everything to be electric despite not having the infrastructure to support such a mass switch to that energy source.
And now, one of the “leaders” in forcibly transitioning everyone into driving electric vehicles is feeling the brunt of their “leadership” right in their wallet.
Not only is the Ford Motor Company about to layoff “at least 1,000 salaried employees,” according to the Wall Street Journal (WSJ), but the auto manufacturer also said “it expects to lost $3 billion in operating profit on its EVs business this year” alone.
According to the WSJ:
Ford has more work to do than its peers in reducing costs, Chief Executive Jim Farley has said, noting that the automaker’s legacy business of making internal-combustion-engine vehicles is significantly less efficient than competitors’.
Ford’s annual costs are $7 billion to $8 billion, too high relative to rival automakers, executives have said. To eliminate this cost gap, the company is streamlining its supply-chain spending, reducing complexity in its vehicle lineup and clamping down on warranty costs, executives have said.
Basically, this means Ford is eventually going to give their customers a big middle finger when it comes to choice of vehicles in their line, as well as whatever refinement they’re going to do to the warranties they offer on said vehicles.
Related: CNN Claims Fewer Deaths, Less Racism with Electric Cars
But not to fear, the bloated government and their reckless spending are here!
As reported by The Post Millennial:
The United States Department of Energy (DOE) said last week that the government would loan $9.2 million in a joint venture with Ford to support the production of electric vehicle batteries across three factories in the US South, the largest commitment in the loan program’s office history.
“…the largest commitment in the loan program’s office history.”
And if we’ve learned anything from this regime’s spending when it comes to things like the conflict in Ukraine, maybe they’ll have another “accounting error” and give Ford an even larger loan in the near future.
Give me a combustion engine any day.
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