Bummer: Ford Loses $1.3 Billion In First Quarter On EVs

Ford violated one of the main rules of any company that sells products to consumers: listen to what the consumer wants. The number who wanted EVs was low. And do not sell at an overall loss

Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More

Ford Motor Company reported a whopping $132,000 loss on each electric vehicle (EV) sold during the first three months of 2024, amassing a $1.3 billion loss.

The auto manufacturer’s electric vehicle unit revealed Thursday that they experienced a 20 percent decrease in sales volume and were forced to slash prices due to low consumer demand, CNN reported.

The revenue for Ford’s EV car, the Model e, plunged by 84 percent to about $100 million, which the company blamed on EV price cuts across the auto industry.

“That resulted in the $1.3 billion loss before interest and taxes (EBIT), and the massive per-vehicle loss in the Model e unit,” the publication noted.?

The recent figures are part of a trend of loss for Ford, with their Model e reporting a full-year EBIT loss of $4.7 billion on the sale of 116,000 units. This is an average loss of $40,525 per vehicle — and even that is just a third of the per-vehicle loss seen in the first three months of 2024.

Now, company officials are estimating that their EV division will lose a grand total of $5 billion this year, up from $4.7 billion last year.

There’s nothing wrong with Ford making EVs: there is a demand for them, even if small. But, they moved too far too fast, far exceeding demand, leaving them with lots and lots of inventory that couldn’t be moved. And leaving dealers with expensive burdens on their lots, which they were forced to purchase from Ford.

“Americans don’t want EVs at levels Biden’s climate hysteria require,” author and businessman Andy Puzder wrote on X. “Ford’s EV Q1 losses soared to $1.3 billion — a ridiculous $132,000 per EV sold. All Ford’s profits came from combustion engine vehicle sales. Collectivist policies destroy prosperity.”

Well, yeah. After the initial interest in the “Mustang” that died down, and many sold them off and get a gas vehicle, either straight petrol or hybrid. And, quite frankly, it’s often difficult to get people into a hybrid. Heck, it’s still sometimes the money. When my lease is up next April the Civic hybrid will be here. I’ll look at the lease values of it and the straight petrol versions. I drive less than 10K a year, so, unless the hybrid lease price makes sense I’ll just stay with the regular.

Read: Bummer: Ford Loses $1.3 Billion In First Quarter On EVs »

Pro-Hamas Protesters Want Amnesty, Records Wiped To Avoid Future Consequences

Last I checked, every single one of these Jew hating Hamas loving “protesters” were adults and made the choice to go out there and chant things like “death to America,”, “death to Israel,” “death to Jews”, and all the other things

College protesters want ‘amnesty.’ At stake: Tuition, legal charges, grades and graduation

Maryam Alwan figured the worst was over after New York City police in riot gear arrested her and other protesters on the Columbia University campus, loaded them onto buses and held them in custody for hours.

But the next evening, the college junior received an email from the university. Alwan and other students were being suspended after their arrests at the “ Gaza Solidarity Encampment,” a tactic colleges across the country have deployed to calm growing campus protests against the Israel-Hamas war.

The students’ plight has become a central part of protests, with students and a growing number of faculty demanding their amnesty. At issue is whether universities and law enforcement will clear the charges and withhold other consequences, or whether the suspensions and legal records will follow students into their adult lives.

Questions about their academic futures remain. Will they be allowed to take final exams? What about financial aid? Graduation? Columbia says outcomes will be decided at disciplinary hearings, but Alwan says she has not been given a date.

“This feels very dystopian,” said Alwan, a comparative literature and society major.

Dystopian? You literally put yourself in this situation. Here she is laughing and smiling

Even if the charges are dropped and records cleared, will companies want to hire someone involved with all the violent rhetoric against Jews and taking the side of a terrorist organization? All these kiddies do know that the Internet is forever, and recruiters will see them wearing Intifada keffiyehs, a symbol of murdering Jews and attacking Israel, right?

For international students facing suspension, there is the added fear of losing their visas, said Radhika Sainath, an attorney with Palestine Legal, which helped a group of Columbia students file a federal civil rights complaint against the school Thursday. It accuses Columbia of not doing enough to address discrimination against Palestinian students.

“The level of punishment is not even just draconian, it feels like over-the-top callousness,” Sainath said.

You’re a guest in our country. If you want to play terrorist games, well you get prizes you won’t like, but, you earned them. Every single one of the people at these protests who can be identified should be given the J6 treatment: hunted down by law enforcement, and, if not a citizen, deported immediately. If they are naturalized or a permanent resident, well, those statuses should be revoked and be removed. Consequences are a bitch! Have fun with future employment!

Read: Pro-Hamas Protesters Want Amnesty, Records Wiped To Avoid Future Consequences »

If All You See…

…is a see that will soon rise dozens of feet by 2050, you might just be a Warmist

The blog of the day is The Right Scoop, with a post on a really bad poll for Biden from CNN.

It’s an easy bikini week.

Read: If All You See… »

Sorta Blogless Sunday Pinup

Patriotic Pinup

Happy Sunday! Another great day in the Once And Future Nation Of America! The Sun is shining, the birds are singing, and the NY Giants had a good draft. This pinup is by Peter Driben, with a wee bit of help.

What is happening in Ye Olde Blogosphere? The Fine 15

  1. Chicks On The Right covers the only trans military chaplain in Canada suspended for sexual misconduct
  2. Climate Depot discusses NOAA’s data not supporting a climate emergency
  3. Da Techguy’s Blog notes real Islamophobia in action
  4. Gates Of Vienna highlights honor killings in Islamist Italy
  5. Geller Report laughs over COVID kids who missed high school graduation potentially missing college graduation due to Hamas protests
  6. LMAO discusses the one time laws are actually important in L.A.
  7. Legal Insurrection covers Adam Schiff’s luggage being stolen
  8. Moonbattery has a profile in counter-moonbattery
  9. neo-neocon covers Columbia’s president committing academic fraud
  10. Never Yet Melted notes another chicken coming home to roost
  11. Pacific Pundit features Gretchen Whitmer boo’d at the NFL draft
  12. Sultan Knish discusses Victimhood and relative rights
  13. The First Street Journal covers green virtue signaling
  14. The Gateway Pundit features Joe Biden doing interesting things during a speech
  15. And last, but, not least, Hot Air wonders about our tanks in Ukraine

As always, the full set of pinups can be seen in the Patriotic Pinup category, or over at my Gallery page (nope, that’s gone, the newest Apache killed access, and the program hasn’t been upgraded since 2014, so, most are hosted internally). While we are on pinups, since it is that time of year, have you gotten your Pinups for Vets calendar yet? And don’t forget to check out what I declare to be our War on Women Rule 5 and linky luv posts and things that interest me. I’ve also mostly alphabetized them, makes it easier scrolling the feedreader

Don’t forget to check out all the other great material all the linked blogs have!

Anyone else have a link or hotty-fest going on? Let me know so I can add you to the list. And do you have a favorite blog you can recommend be added to the feedreader?

Two great sites for getting news links are Liberty Daily and Whatafinger.

Read: Sorta Blogless Sunday Pinup »

AP: You Know, There Were Some Reports Of Anti-Semitism On Campus, Which Could Lead To Shutting Down Camps

You have to love the Credentialed Media: they make it sound like there were some rumors and some people making claims, despite numerous actual videos, speeches, and signs. Oh, and calling the protesters anti-war, even though so many are hoping for the destruction of Israel

Anti-war protesters dig in as some schools close encampments after reports of antisemitic activity

As students protesting the Israel-Hamas war at college campuses across U.S. dug in Saturday and dozens of demonstrators were arrested, some universities moved to shut down encampments after reports of antisemitic activity.

With the death toll mounting in the war in Gaza, protesters nationwide are demanding that schools cut financial ties to Israel and divest from companies they say are enabling the conflict. Some Jewish students say the protests have veered into antisemitism and made them afraid to set foot on campus.

“Some people said something”, like, again, there aren’t lots of videos of this. And signs

As workers pulled down tents and bagged up the debris from the encampment, several dozen people across from the encampment chanted, “Let the Kids Go,” and slogans against the war in Gaza. They also booed as police cars passed and taunted the officers who stood guard over the encampment.

Just some slogans, eh?

The Usual Suspects are trying to blame this on Jews saying this, but, that’s BS, and this stuff was going on at the school and so many others

At the University of Pennsylvania on Friday, interim President J. Larry Jameson called for an encampment of protesters on the west Philadelphia campus to be disbanded, saying it violates the university’s facilities policies, though about 40 tents remained in place Saturday morning.

The “harassing and intimidating comments and actions” by some protesters violate the school’s open expression guidelines as well as state and federal law, Jameson said, and vandalism of a statue with antisemitic graffiti was “especially reprehensible and will be investigated as a hate crime.”

It’s like the schools, and especially the AP, are trying to minimize this

(Breitbart) On Friday’s broadcast of HBO’s “Real Time,” Professor of Marketing at NYU Stern School of Business Scott Galloway stated that there’s a “striking” “double standard” in the treatment of campus demonstrations over the past week and stated that if he did the same thing to black students, “we’d call in the f*cking National Guard.” And “what is clear to me is that free speech is at its freest when it’s hate speech against Jews.”

Galloway said, “The double standard here is pretty striking. Dylann Roof goes into a Charleston church and kills nine members of a black church, if I went down to the plaza of any of these universities with a white hood, a Confederate flag, and signs and started saying, globalize Dylann, kill black people, there’d be no need for context, we wouldn’t be talking about free speech, I’d be out of academia. And if I whipped up students into a frenzy such that we started harassing non-white students on their way to the library and I started getting in their face or even throwing things at them — and that has happened — we wouldn’t be having a conversation about the First Amendment, we’d call in the f*cking National Guard. And what is clear to me is that free speech is at its freest when it’s hate speech against Jews.”

So far, all there’s been is some “we’re very disappointed” yammering, maybe a bit of “shame on yous”, but, few in government and the powers that be have slammed down on these folks. Once you call for killing and destruction you’ve abandoned free speech. Once you’ve done this and harassed and attacked Jewish students you no longer have the right to protest, because you’re not peaceable. This is going to backfire spectacularly on Democrats, who are going to look towards these folks for votes.

Read: AP: You Know, There Were Some Reports Of Anti-Semitism On Campus, Which Could Lead To Shutting Down Camps »

NY Times Excited To Give “Conservative” Warmists Platform

We are seeing more of this, Gen Z Republicans who are thrilled to Do Something about ‘climate change’, but, failing to explain why the current warm period is mostly/solely caused by Mankind

I’m a Young Conservative, and I Want My Party to Lead the Fight Against Climate Change

Conservatives were once America’s environmental champions. Not that long ago, Republican presidents were carrying out the Clean Air and Water Acts, creating the Environmental Protection Agency, expanding the National Park System and even initiating the country’s most authoritative report on climate change, the National Climate Assessment.

But times have changed.

Many of today’s Republican leaders stoke fear and anger by mocking the most divisive climate activists while claiming that every environmental solution is a radical one. If they’re not doing that, Republicans can often be found on the sidelines and disengaged from the issue completely.

And therein is the issue: ‘climate change’ is a political issue, and mostly separate from actual environmental issue

Instead of continuing the environmental legacy they were once known for, they have ceded the fight against climate change to Democrats, putting themselves on the wrong side of history. Not a single Republican voted in 2022 for the Inflation Reduction Act, a bill that is funneling hundreds of billions of dollars in federal funds to red states and blue states alike for climate mitigation and resilience projects. And it has cost them: A recent working paper from the University of Colorado, Boulder, found that opinion on climate change was one of the strongest predictors of whom independents voted for in 2020, probably giving President Biden enough of an edge to tip the election in his favor. In other words, Donald Trump’s denial of climate change probably cost him the White House.

Once you’ve gone and defended the horrendous IRA, which hasn’t helped reduce inflation and is, instead, increasing the cost of living for Americans via ‘climate change’ mambo pambo, you’ve moved more to the Democrats position of Big Government. And citing a paper from an uber-leftist group which is also part of the climate cult to say this is why Trump lost is deluded.

The fact of the matter is this: We cannot address climate change or solve any other environmental issue without the buy-in and leadership of conservative America. And there are clear opportunities for climate action that conservatives can champion without sacrificing core values, from sustainable agriculture to nuclear energy and the onshoring of clean energy production.

So, basically we must listen to the Elites, who will tell the peasants what to do. Does that sound like American conservatism?

As a member of Gen Z, I believe it’s time for my generation to mobilize around climate solutions that bring both sides to the table — and demand our leaders do the same. Liberals must stop denigrating and abandoning key communities they need to solve the problem, and conservatives must stop denying the problem and take ownership of climate solutions. If the Republican Party wants to expand its coalition, it will need to recruit young voters with a far more pragmatic message.

Which is? I’m still waiting for actual ideas

This environmental movement will look slightly different from what the Democrats have built. We firmly believe fossil fuels must be part of our transition to cleaner energy sources for years to come. So our movement will aim to improve the environmental impact of all energy sources, not just wind and solar. We’ll also focus on ecosystem restoration and other conservation measures that lower emissions. And we’ll call on policymakers to prioritize permitting reform, reducing government overreach and making it easier to build clean energy projects in the United States more quickly.

Scam. No matter how you slice it, “solving” global boiling requires government dictates and decrees, forcing citizens to act in a certain way, limit what they can buy and drive, controlling their lives. That’s not American Conservatism. You want to talk real environmental issues, great! The climate scam? No.

Read: NY Times Excited To Give “Conservative” Warmists Platform »

If All You See…

…is a rising sea encroaching on the land, you might just be a Warmist

The blog of the day is 357 Magnum, with a post on good guys 2 – bad guys 0.

That’s Genie Bouchard.

Read: If All You See… »

Bidenflation Makes Rate Cut From Feds Unlikely Anytime Soon

Despite the musings from Biden, his people, and the Credentialed Media that inflation is no big deal and “coming down”, the people who actually know about this stuff know the truth

New inflation reading reinforces Fed’s higher-for-longer stance

Another hot inflation reading reinforces that any near-term interest rate cuts are less likely as the Federal Reserve shifts to a higher-for-longer stance.

The Fed’s preferred inflation measure — the “core” Personal Consumption Expenditures index that excludes volatile food and energy prices — clocked in at 2.8% year over year for the month of March. That was the same level as February but a tenth of a percent higher than expected.

Month over month, the measure of inflation rose 0.3%, which was in line with expectations.

“Today’s data means that it will take a longer string of months of good inflation data before the Fed will be comfortable with cutting,” said Preston Caldwell, chief US economist at Morningstar.

While the rate of inflation is certainly less than it had been, inflation is still much higher than when Trump left office and Biden took office (and inflation immediately skyrocketed). But, consider that if you’re adding 2.8% to a product that is already much higher than pre-Biden, that adds quite a bit to the price. It doesn’t seem like much, but, take a product that was $2. Six percent inflation makes it $2.12. Add 2.8% and you now add another 6 cents. Doesn’t seem like much money, right, but, now add this via all the inflationary increases, and a can of Progresso soup costs around $2.50 when it had been under $1.60 before Bidenflation.

And then add all these inflationary increases to bigger ticket items. And that most things have gone up, meaning the entire cost of living has jump up. And there doesn’t seem to be much relief in sight, and interest rates will stay high

Before last week, investors were still looking at a rate cut in July, while now the odds are 66% that the central bank will hold rates steady that month.

Cutting rates in July “seems a bridge too far now, unless we see both inflation return to 2% in coming months along with a marked deterioration in the economic activity data,” Caldwell added.

Will the Fed try and find an excuse to cut rates to help Biden’s re-election? That’s a question that must be asked. It should also be asked why the Fed waiting way too long to increase rates when it was clear that post-COVID buying was at least back to normal but product availability was not, especially with big money items like vehicles and homes. Then stopped raising rates too early, and then started yammering about cutting them early.

Read More »

Read: Bidenflation Makes Rate Cut From Feds Unlikely Anytime Soon »

Your Fault: Worst Wine Harvest In 62 Years Blamed On Climate Doom

Can any remember what was happening in 1962?

Worst wine harvest in 62 years blamed on ‘extreme’ weather and climate change

Global wine production reached a historic low in 2023 and climate change could be to blame, a new report has revealed.

The International Organisation of Vine and Wine (OIV) says the drink hit its lowest level since 1962. This intergovernmental organisation has 50 member states, representing 75 per cent of the world’s vineyard area.

Experts blame “extreme environmental conditions” including droughts and fires that have been driving the downward trend in production.

Though climate change is not entirely to blame, the OIV says, these conditions are the greatest challenge the industry is facing. Vines are often cultivated in areas around the world that are strongly affected by and incredibly vulnerable to changes in climate.

Oh, so, it’s pretty just natural variability and other factors, rather than Mankind dooming the planet with boiling temperatures.

Seriously, everything is doom and gloom with these people. Weather changes. It’s not exactly the same every year. And, the Earth goes through warming periods, just like cooling ones. And micro-cooling ones, just like what was happening in 1962. The British were growing fantastic wine during the Medieval Climate Optimum while the French were having issues. These Warmists are almost as bad as flat Earthers.

Read: Your Fault: Worst Wine Harvest In 62 Years Blamed On Climate Doom »

Major March Against Anti-Semitism In UK Cancelled Due To Threats

Funny how the pro-Hamas marches do not have to be cancelled from threats, eh?

Major UK anti-antisemitism march canceled over threats, policing concerns

Campaign Against Antisemitism (CAA), a charity in the United Kingdom, announced on Friday that they were forced to cancel their Saturday Walk Together march after threats caused concerns for participant safety.

The march would have seen large numbers of observant Jews walk for hours on Shabbat to demonstrate against antisemitism and the repeated scenes of pro-Hamas rhetoric during the weekly pro-Palestinian marches.

CAA Director CEO Gideon Falter made headlines last week, when a Metropolitan Police officer threatened to arrest him for being “openly Jewish” near a pro-Palestinian march. The policeman claimed that Falter’s presence may antagonize the protesters. (snip)

“Due to the thousands of people now intending to join and then walk where they please – something that we used to take for granted in London as Jewish people without having to discuss with police ahead of time – we still do not have confidence that people would be safe,” CAA explained.

The decision came in the wake of numerous threats and the organization claimed to have identified “hostile actors who seem to have intended to come to any meeting locations that we announced.”

So, you have two things going on: incoherent and hostile decrees by the police and threats from the pro-Hamas folks. And you know that it’s not all the Muslim immigrants let into the UK, but, hardcore Leftists who have been taught to hate Israel and Jews. Winston Churchill and other previous leaders would be disgusted with the hatred of Jews and Israel by British citizens, as well as how the country is importing the means of turning the nation in an hotbed of Islamic extremism.

And here in the U.S.

That would be Khymani James, who even the NY Times couldn’t figure out a way to defend. If the GOP had any cajones they’d move to boot Islamic terrorism supporter and Jew hater Ilham Omar from Congress. They booted George Santos for less. And, if the citizens in AOC’s district had any self respect, especially those who are Jewish, they’d vote against her this Fall, as she visited the anti-Jew protest.

Read: Major March Against Anti-Semitism In UK Cancelled Due To Threats »

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