Important Takeaways:
- EV Fiasco: Ford Lost $5.1 Billion on Electric Vehicles in 2024
- The Verge reports that on Wednesday, Ford Motor Company announced its fourth quarter and full-year earnings for 2024, surpassing Wall Street expectations. However, the automaker also reported substantial losses in its electric vehicle (EV) and software division, known as Model e. The company lost $5.1 billion in this segment in 2024, a significant increase from the $4.7 billion lost in the previous year. Furthermore, Ford predicts that losses will continue to mount, potentially reaching $5.5 billion in 2025.
- Despite these setbacks in the EV business, Ford’s traditional gas-powered vehicles continue to perform well, generating sufficient revenue to keep the company profitable overall. The automaker reported a full-year net income of $5.9 billion and adjusted earnings of $10.2 billion.
- To address these challenges, Ford plans to introduce a range of powertrains, including battery-electric, plug-in hybrid, and extended-range EVs that use small gas engines to recharge the battery, offering up to 700 miles of range. Farley mentioned that these new models will be built on flexible body-on-frame and unit-body platforms designed specifically for multi-energy powertrains.
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Important Takeaways:
- Automakers once again in meltdown mode; poised for another government-funded bailout because they followed government mandates and produced cars nobody wanted
- GM announces layoffs of 1,000 tech workers who wasted time and money designing expensive EVs and self-driving autonomous vehicles that average American consumer can’t afford and doesn’t want.
- The cuts come as automakers attempt to reduce costs during an industry downturn and as they’re spending billions of dollars on super-expensive all-electric vehicles and so-called software-defined vehicles. These include self-driving autonomous vehicles that are continuously gathering up and sending all your personal data to a central computer, then they sell it off to third parties. These cars will also include remote kill switches.
- In other words, the auto industry is pouring all of its R&D money into vehicles that nobody in their right mind would want to own.
- In fact, GM is being sued for illegally selling more than 1.8 million drivers’ personal driving data to insurance companies.
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Important Takeaways:
- When You Sit In A “Digital Car” You Consent To Being Recorded And Personal Data Sold
- If you own an EV or a “digital car,” you better watch what you say because you might be under total surveillance, and that goes for your passengers as well. What? Your data will be sold, too? Yep. Multiple times to multiple companies. However, there is an easy opt-out fix: “Never buy them, drive them, sit in them, or exist on the street when they drive by.”
- Within the past twelve (12) months, Subaru has collected the categories of Personal Information listed in the INFORMATION WE COLLECT section above, including:
| Category |
Examples / Description |
| Identifiers |
A real name, username or alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, Social Security number, driver’s license number, vehicle information (such as model and year), vehicle identification number (VIN), vehicle telemetry data, or other similar identifiers. |
| Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e) |
A name, signature, Social Security number, address, telephone number, driver’s license or state identification card number. Some Personal Information included in this category may overlap with other categories. |
| Commercial information |
Records of personal property, products or services purchased, obtained, or considered. |
| Internet or other similar network activity. |
Browsing history, search history, information on a consumer’s interaction with a website, application, or advertisement. |
| Geolocation data. |
Physical location and movements, including from Connected Vehicle Services or Technology Services. |
| Inferences drawn from other Personal Information. |
Profile reflecting a person’s preferences, characteristics, predispositions, behavior, or attitudes. |
| Recordings |
Audio recordings of Vehicle Occupants. Audio recordings when you call our call centers or a Retailer. |
| Payment information |
Credit card information for optional Services, such as Subaru Starlink. |
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