Didn't Ford already write down a bunch of EV losses either last year or this year? I don't remember the timeline, but I seem to remember it.
Well, in the meantime, their non-commercial business in Europe has basically imploded.
Took a 1.9 billion charge last year due to cancellation of 3- row utility, people are suggesting that more write downs will be coming next year but hard to know if thats just paper write down or a serious loss in actual value of assets. Either way, I suspect For will look for every tax write down it can get.
Always find it funny when a CEO says Ford lost billions on sedans, as if it was a victim and the customers faults that they didn’t like what was being manufactured. In saying that, I am surprised at how rapidly GM gapped Ford on producing utilities in Mexico while shuttering car plants in USA. In comparison, Ford looked like it was standing still…
It’s not a big deal IF the new EVs pan out with decent volume and profits. It’s a gamble on the future. We know there is a market.
There are a lot of expenses related to EV development that’s not capitalized.
So basically it's normal, just keep any eye on it, but no reason to be alarmed? I believe the coolant interval for this new coolant is about 10 years, but I'll probably change it out after a few more just to keep the water pump happy.
It’s no different than your motor oil turning black as it ages. It’s just dirt and debris being picked up as the coolant travels through the system. Remember, it also serves as a lubricant for
the water pump too so that contributes to it as well.
The yellow image was when the coolant was brand new, the orange was from today when I popped the hood to top it up with some more yellow motor craft.
Apparently it's normal according to some AI research, but I'm just curious if anyone else on this forum has noticed this with their Ford because we all know AI is kinda all of the place in terms of accuracy.
The yellow coolant went in about 15 months and 4,000 miles ago.
You can’t just dismiss Ford’s EV losses as no big deal. As JPD80 has pointed out they have reached at least $11 billion. This has hurt Ford badly and I’m sure is a major reason new products (C2) are so slow or nonexistent. A lot of the costs of the EV program (factories for example) are capitalized over many years. I’m not an accountant and don’t know over how many years the auto industry depreciates fixed assets, but Ford likely has recognized less than 15% of the new factories costs to date. ‘