F
Flyguy
Guest
Ford is firing 3000 engineers and designers to help pay for EV expansion:
https://www.wsj.com/articles/ford-confirms-layoffs-says-it-is-cutting-about-3-000-jobs-primarily-in-u-s-and-canada-11661180161?mod=hp_lead_pos2
\"He (CEO Ford) has said profits from its lineup of gas and diesel-engine vehicles will help fund the transition, but that part of the business must operate more efficiently.\"
Obviously EVs are not profitable now do to low sales and very high development costs, but cannibalizing the profitable part of the business is a very bad idea.
https://www.wsj.com/articles/ford-confirms-layoffs-says-it-is-cutting-about-3-000-jobs-primarily-in-u-s-and-canada-11661180161?mod=hp_lead_pos2
\"He (CEO Ford) has said profits from its lineup of gas and diesel-engine vehicles will help fund the transition, but that part of the business must operate more efficiently.\"
Obviously EVs are not profitable now do to low sales and very high development costs, but cannibalizing the profitable part of the business is a very bad idea.