As Buck Throckmorton so pithily puts it: Go green, go broke.
When evangelists of the Sustainable Organic Church of the Carbon Apocalypse take over the C-Suites and the Boards of major corporations, the future prosperity of those companies is in peril. It’s sad, but the green zealots now in charge of Ford Motor Company are actively destroying that once great company.
As I write this post, Ford stock is trading at around $11.50 cents per share, which reflects a catastrophic 56% collapse in share price from its 52-week high. The woeful situation is becoming a bigger and bigger news story.
Why Ford Stock Tumbled 26.5% in September [Motley Fool – 10/10/2022]
The very first line of this Motley Fool article captures the problem in just 11 words.
Ford is at the very early stages of reinventing its business.
Ford doesn’t need to reinvent its business. It wouldn’t be in a state of chaos if it wasn’t needlessly reinventing its business. Ford has done an outstanding job manufacturing internal combustion vehicles for more than a century. But it is currently run by left-wing idealogues who’d rather win praise from a Swedish high school dropout than from its dealers and loyal customers. The engineers and managers tasked with keeping the legacy operations afloat have fallen out of favor with executives. In fact, Ford is aggressively trying to get rid of those legacy employees.
Ford cutting 3,000 corporate jobs as part of its shift to EVs [CNN Business – 8/22/2022]
Ford is cutting 3,000 white collar jobs as it prepares to shift from traditional internal combustion engine vehicles to electric vehicles.“Building this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century,” CEO Jim Farley and executive chairman Bill Ford wrote in a message to Ford employees.
With Ford openly showing contempt for its legacy workforce and the ICE vehicles that they developed, manufactured, and sold, it is not surprising that the entire process has broken down.
Breaks my heart to hear it, but the truth is that the inheritors of Henry Ford’s once-proud automotive legacy have long been a pack of irredeemable Leftard chumps. Ol’ Henry is spinning in his grave by now, I’d bet.
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GM’s majority stock holder is Shanghai Automotive. Corporate greed and wokeness has made us third world. 2023 will be a disaster when the dollar implodes and we make nothing and need everything
“GM’s majority stock holder is Shanghai Automotive.”
Perhaps. You keep reporting this without backup. Show us where you find this.
Where’s the data Jaybo?
Truth or fiction?
There’s two confluences of trends working here.
Sure, the Ford Executive Suite is filled with Woke.
But CAFE and other regulatory changes by the Illegitimate Regime in DC means almost ALL car companies are going to have to change the way they operate.
As I understand it, Chevy will drop the Camaro and Dodge will drop the Charger Hellcat. 2024 is the expected last year. Ford is already badging a new Division as “Mustang” and they’re EVs. It’s only a matter of time before you can’t buy a real Mustang with an ICE Musclecar engine in it either.
Slowly but surely they are destroying the New Muscle Car Era in the 20’s the same way they destroyed the First Muscle Car Era in the 70s.
Ford, GM, etc. do not have the balls to face down the government nannies. They never did. And they will be destroyed as a result.