We Don’t Need No Flaming Sparky Cars

Sales down down 20% YOY;

Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall.

Ford, like most automakers, has announced plans to shift from traditional gas-powered vehicles to EVs in coming years. But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers.

Abbey Gate

New evidence challenges the Pentagon’s account of a horrific attack as the US withdrew from Afghanistan

The incident was a gruesome coda to America’s longest war, leaving dead 13 United States military service members and about 170 Afghans who were desperately seeking US help to flee the Taliban takeover of Kabul. For two years, the US military has insisted that the loss of life was caused by a single explosion, and that troops who reported coming under fire and returning it were likely confused in the chaotic aftermath, some suffering from the effects of blast concussion.

But video captured by a Marine’s GoPro camera that has not been seen publicly in full before shows there was far more gunfire than the Pentagon has ever admitted. A dozen US military personnel, who were on the scene and spoke to CNN anonymously for fear of reprisals, have described the gunfire in detail. One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. “It wasn’t onesies and twosies,” the Marine said. “It was a mass volume of gunfire.”

Don’t Worry, It’s Transitory

Financial Post:

Wall Street was rattled by economic figures that showed exactly what stock traders did not want to hear: a significant slowdown in the world’s largest economy and persistent inflation pressures.[…]

Gross domestic product increased at a 1.6 per cent annualized rate, trailing forecasts. A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7 per cent clip.

“This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” said Chris Zaccarelli at Independent Advisor Alliance. “The Fed wants to see inflation start coming down in a persistent manner, but the market wants to see economic growth and corporate profits increasing.”

If neither are headed in the right direction, he said, then that’s going to be “bad news” for markets.

Related!

Lithium, geothermal, carbon tax, drilling, plastics, loans – a bit of everything

Geothermal project near Estevan has major update, with a greenhouse now in the works to make use of surplus heat that would otherwise go to waste.

First Nation wants voice in plastics treaty. Guess they don’t like plastics.

This might have been posted yesterday. Trudeau calls out Moe on carbon tax fight. (Yes, I use the Canadian Press – as a one man band, I can’t do everything!)

More on carbon tax fight, from Trudeau

Quick Dick McDick puts the old farm truck out to pasture. It makes me sad, because my gas guzzling Canyonero of a Ford Expedition is nearing its end of life, too.

For some reason, this didn’t post yesterday:

And when they’re not working on lithium, ROK Resources plans on six oil wells after breakup

Lithium in SK, Part 28: Hub City Lithium operating direct lithium extraction pilot in Estevan

Trudeau says Saskatchewan to get carbon rebates despite province not paying levies

Freeland says $5 billion just a start for Indigenous loan guarantee program

Minister Guilbeault issues statement on high-level meeting as INC-4 begins, verbatim. This is that plastics ban thing. In Pipeline Online’s never-ending quest to ensure the Canadian Public knows exactly what Minister of Environment and Climate Change Steven Guilbeault is telling us on how to save the planet, here is his verbatim statement issued on April 23 about the evils of plastic.

An ‘ambitious’ global plastic treaty demands limits on production, Guilbeault says

Thursday On Turtle Island

Dementia Joe’s America:  Parents unleash fury on school board.  History according to Joe Biden.

Blackie’s Canada:  Mostly peaceful in Ottawa.  Justin issues a statement about Armenian Genocide Memorial Day without mentioning Turkey or Islam.  Supporting Hamas in the Ontario Legislature.

Today In Islam:  This is no 1960’s love-in.  The West vs Islam.  Interfaith outreach in Egypt.  And diversity is our strength in Italy.

Your morning meme.  Another meme.   A cartoon.

They Promised Me There Wouldn’t Be Any Math

It’s the thought that counts.

Telegraph- Is the Church paying reparations on a false premise?

Between 1720 and 1723, it is true, the Bounty did invest £14,000 (about £2.4 million today) in the unsplit company and so, for a time, could have profited from slavery. As it happened, however, it did not. When Parliament divided the South Sea Company in 1723, it split the Bounty’s shares equally, too. The Bounty sold off its trading company shares quite quickly but retained and greatly expanded its annuities.

Discreditably, the Bounty’s managers in 1720 appear to have felt no moral qualms about the slave trade. Subsequently, however, they did not further invest in it or make money out of it.

We Don’t Need No Flaming Sparky Cars

Spectator: Desperate manufacturers are struggling to shift electric cars

The real reason for hefty discounts on electric cars is desperation. Since 1 January, manufacturers have been under the zero emissions mandate (ZEV), which demands that 22 per cent of the cars they sell in 2024 are pure electric cars. Should they fail to reach this target, they will be fined £15,000 for every vehicle by which they fall short.

How are they doing? Not very well, it seems. In the first three months of 2024, according to the Society of Motor Manufacturers and Traders (SMMT) electric cars accounted for only 15.5 per cent of the market – virtually unchanged from the same period in 2023. Moreover, the target is not going to stay at 22 per cent. In 2025 it will rise to 28 per cent, then in stages to 80 per cent by 2030 and 100 per cent by 2035. Unless electric car sales pick up dramatically in the next few months, manufacturers are going to find themselves with an enormous bill at the end of the year. The situation is worse for many carmakers than the above figures suggest because some carmakers, like Tesla, are already electric-only. That means that the sales being achieved by others must be well below 15 per cent.

It wasn’t supposed to turn out this way. Analysts were not expecting manufacturers to miss the 22 per cent target. Just last December, S&P forecast that sales of electric cars would surge by 41 per cent in Europe in 2024, and by 66 per cent in the US. In Europe, it was believed, EVs would be accounting for 22 per cent of the market across 2024.

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When The Democrats Do It, That Means That It’s Not Illegal

We are shocked by these shocking developments.

Judge Aileen Cannon on Monday ordered key evidence in Jack Smith’s classified documents case to be unredacted.

The newly unredacted documents revealed Biden’s White House had direct ties to the Mar-a-Lago raid. The Biden Regime was also directly tied to Jack Smith’s investigation despite claims to the contrary from US Attorney General Merrick Garland.

New: Unsealed records detail allegations that Jay Bratt, Jack Smith’s lead prosecutor in classified docs case, threatened Stanley Woodward–atty for Walt Nauta–with sinking a judicial nomination if he didn’t get his client to flip on Trump

Related: Politico is outlining how a group of Lawfare ideologues meet every Friday to discuss their constructed legal filings and the next week of attack angles against President Donald Trump.

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