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Hmmmmmm.....
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this post was submitted on 11 May 2024
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chapotraphouse
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Ford is pumping out cars that cost more than Chinese cars. A Chinese BYD or MG of similar specs to a Ford E-Mustang is literally half the price
Edit to add: they're somehow producing cars at a loss while China is producing the same cars at a profit for half the price
Capitalism is more efficient you see. Because of competition!
throws giant tarp over pile of money to be dealt to capitalists and management
Although the real reason is probably doing it on purpose for tax purposes (for the non-EV Ford cars) while simultaneously eating up government carbon credits for producing "green" vehicles. The extra money is passed directly onto executives and shareholders.
Or it was the plan if they could actually move their cars.
They're producing at a loss because of executive/admin pay, stock buybacks, contracting out work for parts instead of doing it in-house; typical capitalist nonsense.