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I have seen those losses by Ford reported elsewhere but IMO...

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27/04/24

22:03

Post #: 73540222
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Originally posted by 1ronnie: ↑

....US is unlike China. They don't just produce if they lose money.

....isn't LTR's offtake agreement with Ford , 150k tons pa but is it a 'take or pay' agreement (meaning if the buyer does not want the supply, they still have to pay)?

....those nuances in the agreement is what bankers look at. Especially in the current EV environment.

"Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall."

https://x.com/Mayhem4Markets/status/1784029973877059881

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I have seen those losses by Ford reported elsewhere but IMO there must be some creative accounting or a typo happening somewhere because $132K per EV just isn't realistic. I can understand some losses when developing a new product but that is just ridiculous.
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