GM said that will spend $ 27 billion in the next five years about the development of autonomous electric cars, which certainly sounded a lot to this day, when Ford said it would invest $ 29 billion. That means another $ 2 billion! Ford also recorded its first loss of the year a decade.
The $ 29 billion will be invested in the development of autonomous and electric cars by 2025, Ford said, although the figures from both Ford and GM are not much more than marketing at the moment.
What will matter, instead, are the real products. Tesla currently sells four fully electric cars that many people love; Ford currently sells a fully electric car people don’t seem to hate; and GM is currently selling an electric car in the US, which is the definition of “meh”, which you can currently get a pretty good deal.
In 2025, I’m not sure how he could read that chart, although I think it’s safe to assume that GM and Ford will each be have more than one EV of then.
Din Car news:
Chief Financial Officer John Lawler said a “majority” of the $ 22 billion spent on electrified vehicles would be spent on battery-powered models, though he declined to say how many Ford plans to add to its range. He also declined to match GM’s stated ambition to become fully electric by 2035, noting that Ford was focused on introducing future models such as the F-150 EV and E-Transit.
Lawler said the $ 7 billion commitment to autonomous vehicles will include Ford’s Argo AI spending, as well as the planned launch of autonomous commercial services in 2022.
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He assigned Ford his loss for the year – $ 1.3 billion – at various single taxes, including $ 2.5 billion to leave Brazil and over $ 600 million thanks to memories of the Takata airbag. Syou would expect Ford to go black again next year, billions and billions spent on electric vehicles or not. What happens next is everyone’s guess.
In any case, I am legitimately pleased with the Ford E-Transit, maybe a little too excited, given its potential to replace last-mile delivery trucks in a world so dependent on home delivery. And I’m at least curious about the F-150-EV, although for other reasons I don’t think it will be successful, because truck owners are a stubborn and loyal species..
Everyone seems to like Mach-E, which is a good start for Ford, but this won’t be so significant until Blue Oval follows the core of its line: Explorers and escapes and edges. And hybrids, for the purpose of this conversation, don’t matter. That’s because what was so striking about the GM ad was not the price but the aspiration to become 100% electric by 2035. This is what General Motors has been doing for more than a century – building and selling internal combustion engines – now intends to give it all up. It was as if Budweiser had announced that he was swinging from beer to cannabis.
Ford’s ambitions are now a little less than that, but whenever – if they ever say something similar, you’ll know they’re really serious.