Turmoil at Ford?
Ford Motor was the American automaker savvy enough to avoid bankruptcy when industry sales collapsed during the 2008 financial crisis. Then it rode economic recovery and cheap gasoline to record sales and profits. But what looks like success can turn upside down quickly in Detroit these days.
The latest evidence came Monday when Ford ousted its chief executive, Mark Fields, after only three years in the job. Mr. Fields had failed to persuade investors and his own board that the company was moving fast enough to develop the vehicles of the future, like battery-powered cars that drive themselves.
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I'd be willing to bet the motoring public in general has little interest in battery-powered cars that drive themselves. They're expensive, have very limited range, and few people have access to a recharging station.
So who are these "concerned investors"? Not We The People, that's for sure. It's the oligarchs, bankgangsters, corporate CEOs, and their collaborators in the one percent who drank the climate change Kool-Aid.
Hey guys, I'm not going to buy any battery powered, self driving car. Capisce?
And by the way, what is going to power all these battery cars? The numbers just don't add up: