Comment on Why Americans Can’t Buy the World’s Best Electric Car

• Tiger666@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  Ford was the only one not to take a buyout, FYI.

  Ford wouldn’t survive BYD either, though.

  Greed rules the Western world.

  source

  • wildbus8979@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

    In September 2009, Ford entered into an agreement with the Department of Energy and borrowed $5.9 billion

    www.freep.com/story/money/cars/…/5526413002/

    They still hadn’t paid it back in full in 2022.

    source

    • LilB0kChoy@midwest.social ⁨2⁩ ⁨days⁩ ago

      This is definitely worth mentioning but it’s also good to note that it was a loan not a bailout and Ford has repaid it.

      Documents filed by Ford show the company owed payments of $591 million in 2020, $591 million in 2021, and $289 million in 2022. As of this year, the loan has been completely repaid. But the compact cars it built with the original loan have since been discontinued.

      Ford also received a $9.2B loan for EV battery factory projects from the government.

      source

      • psycho_driver@lemmy.world ⁨2⁩ ⁨days⁩ ago

        The compact cars probably being the Fiesta and the Focus. The Fiesta is almost a perfect vehicle. Small but comfy for four decent sized occupants. Great gas mileage. Super reliable motor (I have one with 219,000 miles that’s never even needed a tune-up yet–5 speed manual). They put ultra shitty automatic transmissions in them that failed after 35,000 miles so all the good was nullified by that boneheaded decision. Of course you always run the risk of being turned into a grease pancake by bro-dozers all day every day when driving a car in the US.

        source

        • -> View More Comments
  • psycho_driver@lemmy.world ⁨2⁩ ⁨days⁩ ago

    P.S. Actually the average american would be benefited from that

    Ford has been busy corporate decisioning itself into irrelevance for decades now. The only reason Ford is even still around is the F series.

    source