Ford Motor clown show continues

Ford committed $5.6B for an EV complex in Tennessee “Blue Oval City”, to build what? Electric F-150s. Why F-150s? Big pickups and SUVs are the most profitable products, so that is all they want to build.

So what does CEO Farley say now?

“But for larger retail electric utilities, the economics are unresolvable,” Farley said. “These customers have very demanding use cases for an electric vehicle. They tow, they go off-road, they take long road trips. These vehicles have worse aerodynamics and they’re very heavy, which means very large and expensive batteries. Retail customers have shown that they will not pay any premium for these large EVs, making them a really tough business case given the expense in the batteries.”

https://fordauthority.com/2025/02/ford-ceo-jim-farley-says-large-retail-oriented-evs-arent-viable/

Duh!

So, is Farley going to entertain shareholders with a multi-Billion write off for Q2?

Steve

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I have been having a lot of fun, at Farley’s expense…here’s more.

Farley proclaims Ford will be “the Porsche of off road”. So, how are things going at Porsche?

BERLIN (Reuters) -Porsche’s supervisory board has started talks to end finance chief Lutz Meschke’s and sales executive Detlev von Platen’s contracts early, the German luxury carmaker said in a statement late on Saturday, as it struggles to boost flagging earnings and weak sales in China.

Steve

An old joke from Way Back When…

  • VW made in the Black Forest by imps
  • Ford made in Detroit by idiots
  • Starlets made in Hollywood by just about everybody

The Captain