Ford just took a $19.5 billion write-down, given what they spent, all for nought, into its foray into electric transportation. That’s about twice its annual earnings.
Worse, it means that Ford will become essentially irrelevant in about 10 years, according to the speaker in the video below, who is referring to the trend toward autonomous vehicles.
The Coming Collapse of Ford Due to its Abandonment of its EV Business
One might think that this level of idiocy and incompetence would detract from the appeal of the GOP, but Trump supporters don’t seem to mind.
At left we see the cause of Trump’s imminent demise.
We’re OK on the lies and crimes, but we’re not OK on high prices, and though we’re dumb, we’re not dumb enough to believe that prices were higher under Biden.
Btw, people commonly refer to this as “Obama’s deal,” but several other countries were party to it.
It’s a tragedy that this didn’t happen in 2015 when Trump entered the political scene.
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