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.
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 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.