In the eternal struggle between Magical Thinking and Physics, Physics remains undefeated.
BREAKING: In a massive hit, Ford, $F, is writing down $19.5 billion in EV investments.
Ford also says it will stop producing the electric version of the F-150.
More detail at Daily Mail.
Overall EV sales in Canada have fallen from about 13% of total to 9% since the ending of gov’t rebates.
Jaguar is going to show everyone how it’s done in 2026. Perhaps in the UK it will be a “hate crime” to mention Jaguar’s electrical issues from the 70’s 80’s 90’s … well forever actually, as that’ll never happen again…
https://www.jaguar.ca/en/all-models/i-pace/models/index.html
Love that headline…
Yeah, it was doomed right from the time it was first introduced, with a towing range of about 150 miles.
F-150 3.5 EcoBoost 4×4 has a 650 mile range hwy. @ 60mph. (at least mine dose) You really can’t beat that.
2.7 Eco hybrid would be interesting but still $$$. BTW Ford stock is up 40% ytd. 😉 😉
Make that roughly 140 miles with a light trailer, 90 miles with a heavier one. Forget going on that vacation with the travel trailer.
You mean Democrats won’t buy electric vehicles? Shocking!
Psssst … Trump did that. By STOPPING the runaway CAFE standards.
https://www.breitbart.com/politics/2025/12/03/trump-administration-rolling-back-biden-era-fuel-economy-standards-that-drove-up-car-prices/
Winning!!!
As usual, the great Brian Eno was ready for this:
https://youtu.be/eS-o0T9v0wY?si=f2Fgxcw4etnLfbnU
L – In Japanese auto companies, when marketing predicts sales of 150,000 vehicles and it drops to 25,000, with a loss of $19.5 Billion. Those responsible have to commit hara-kari!
Phew! Good thing Japanese doesn’t have any automobile manufacturers who are “too big to fail” … and received a massive taxpayer bailout. Otherwise there’d have been mass hara kiri sessions … for weeks on end.
The manufacturers are as culpable as the green legislators and politicians. By going along with the impossible green mandates they helped to mislead the taxpayer/voters about the impossibility of net zero targets.
I wonder if the shareholders don’t have some cause of action against the Boards of Directors in those companies for destroying shareholder value. It sure looks like those directors failed to inform themselves, ignored obvious risks, or were grossly negligent in not applying actual science to their circumstances. There are plenty of crony capitalists in the elites who imposed the green mandates.
The Republican States investment funds got rid of DEI and ESG mandates by threatening action against corporations who were not motivated first to increase shareholder value.
The problem, which none of the engineers seemed to want to figure out, is that if you are buying the hybrid F150, you can go about 60,000 miles, including maintenance, before the Electric F150 travels 1 mile for the same price.
And the hybrid, with the way they’ve set it up so you can run tools and such off it, sort of even makes practical sense as hybrids go. Still not buying one.
I might know more than I should about newer Ford EV’s with regards to their overall reliability… the older NiMH hybrids actually weren’t bad at all, really, but you could still by a lot of gasoline for the price difference.
” you can go about 60,000 miles, including maintenance, before the Electric F150 travels 1 mile for the same price.”
And there is a similar number for the ‘carbon footprint: you think you’re buying a ‘green’ vehicle, but the gasoline version beats it for the first few years due to the environmental cost of building an EV.
Management that engineered a $20 billion writeoff needs to be fired. For the life of me, I cannot understand how Ford stock can be on the rise given the eco-insanity they have engaged in for the last five years. The shareholders must be insanely complacent.
“Management that engineered a $20 billion writeoff needs to be fired. ”
I’ll say. It wasn’t even a secret that Ford was losing about 30,000 dollars per Lightning sold.
LOSING. Not making. LOSING.
Helluva way to run a business.