FORD Tapped Out

[AXE]

Looks like that douche Jim Farley CEO of Ford decided to tap out of the EV debacle. Gonna take a $20B impairment charge. But they still aren't gonna abandon the grift, they are gonna shift to more hybrids. That way the truck guys can continue to fund that program paying 20% more per rig.

I wonder if Mary from HR will take note and drop the Obama grift?

Ford writes down $19.5 billion as it pivots electric Lighting line of vehicles | Fortune

“The operating reality has changed, and we are redeploying capital into higher-return growth opportunities,” Ford CEO Jim Farley said.

fortune.com

 

[NullNomad]

This aged well. He got one part right, more and more people think EV is not the answer. SO he did change how people feel.

 

[MrScottly]

And yet, the CP4 lives on in the halls of Ford.

 

[TexOffroader]

That’s what happens when you fire the market researchers and use the money for DEI crap. Focus needs to be on creating the best product for your consumers but everyone wants to be a damn activist these days.