wilberforce15
Well-Known Member
They can't build them, and won't be able to build them.
Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
- Thread starter quad decade guy
- Start date
Was just reading about the electric crate motor Ford has developed to convert gas vehicles to. Costs $5000. I see a lot of sales for it at that price point with gas prices so high.
According to auto industry reports Ford will have the 5.9B loan plus interest retired by June 2022. When GM went bankrupt it's stock went to zero and GMAC bonds were completely worthless. Both the company and it's financing division were simply no more. In fact the GM bailout resurrection plan created an entirely new company but barely passed the Senate by a 52-48 vote.
wilberforce15
Well-Known Member
So, you're admitting a 13 year unpaid loan at the height of the crisis, but that's totally not a bailout. Gotcha.
They plan to pay! They promise!
wilberforce15
Well-Known Member
It's only on paper. Entire companies have entered into the conversion business. They're all broke. It just doesn't work.
Ford has already done it. Converted an old pickup.
wilberforce15
Well-Known Member
Yes, but it turns into a crappy electric for a lot more than 5k. There will be no buyers for this.
It is "only on paper" because it is absolutely useless as a technology or business plan.
Here's the difference Ford remained a company. GM ceased to exist. Ford's deal was a loan to be repaid plus interest. So when you bought a house you secured a loan and paid it back with interest. So if Ford's deal in your opinion is a "bailout" your home mortgage is also a bailout.
wilberforce15
Well-Known Member
Ford's deal was a loan, so that they could claim they didn't go bankrupts. And the 'loan' hasn't been paid back for 13 years.
Just call it what it is: it was a bailout of a would-be bankrupt company.
I don't have a mortgage.
This wasn't a general business loan. It was disguised as one, when it was really a gift to stay in business.
Shift Inhibit
He who laughs last didn't get it.
Biden and Co won’t let them go bankrupt
wilberforce15
Well-Known Member
Correct. They'll be propped up like a zombie forever.
My contention is that they won't last the decade without an infusion of 10 zeroes worth of money.
For a guy who has never even done so much as to affix his name to a home mortgage you seem to have an in depth understanding and qualified expertise when it comes of how a public /private loan package works and the terms set forth in it.
wilberforce15
Well-Known Member
You got something against owning a home outright?
wilberforce15
Well-Known Member
This is how an electric conversion goes:
You see that an electric motor and battery packs can be had for 8k.
Then you look at the extensive garage time and expertise.
Then after 15-20k goes down the drain, you have a Miata that can go 150 miles and doesn't have A/C.
That's how electric-conversions go. It's absolute nonsense. It can be done decently, for 5 times what Ford says the cost is.
You see that an electric motor and battery packs can be had for 8k.
Then you look at the extensive garage time and expertise.
Then after 15-20k goes down the drain, you have a Miata that can go 150 miles and doesn't have A/C.
That's how electric-conversions go. It's absolute nonsense. It can be done decently, for 5 times what Ford says the cost is.
wilberforce15
Well-Known Member
Thebrownblob
Well-Known Member
Apple Hires 31-Year Ford Executive to Ramp Up Electric Car Work
Apple Inc. has recruited a longtime Ford Motor Co. executive who helped lead safety efforts and vehicle engineering, a sign the iPhone maker is again ramping up development of an electric car.
iCar?
64 GB $29,999
126 GB $35,999
256 GB $45.999
Don’t forget the Apple Care
wilberforce15
Well-Known Member
Development is easy. Production is hard. That's what Ford is discovering, along with all the other guys.Apple Hires 31-Year Ford Executive to Ramp Up Electric Car Work
Apple Inc. has recruited a longtime Ford Motor Co. executive who helped lead safety efforts and vehicle engineering, a sign the iPhone maker is again ramping up development of an electric car.news.bloomberglaw.com
iCar?
64 GB $29,999
126 GB $35,999
256 GB $45.999
Don’t forget the Apple Care
Tesla's product isn't the car. It's the gigafactory. Prototypes and small runs are easy. Making an EV isn't all that hard. Making an EV in volume is incredibly hard.
Says you.
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