1:12 April: ADDING UP ALL THE TOOLS and supplies and machines, totaled up, then divided by the total number of units sold is probably EXACTLY how they came up with $100,000 loss PER VEHICLE SOLD. No one is buying them and its a flop.
Yep. If they built for another 25 years like the 1998 Benz E-class = dodge charger, they would have made the money back. Can’t build something new for 5 seconds and stop then wonder why cost per unit was so high
And these companies are trying to recoup the cost by selling their popular models at premium prices without German levels of interior quality or performance, isn't more reliable than a German car, and has the added negative aspect of poor quality that compromises the safety of drivers (a mercedes or bmw might hurt your bank account, but it's not going to cook you and your family). GM still has some juice left in it because of the corvette and the cadillac black wings, but the rest of the American cars are junk. I've no love left for ford. Chrysler could get it back if they bring back the neon srt and knock it out of the park.
That 1,5 is present in alot of car, Ford, Peugeot, Citroën, etc its a bad motor, they also have a 1,5 diesel also shared and its also terrible. They do this bad bandage crap, and after the car is stopped, they are going to charge the client for the repair...
You two are so great together on this channel. It's easy to see how April reeled you in. She's adorable and I bet the two of you keep each other laughing constantly. Looking forward to more episodes.
Ford did this in 2013 with 1.6L ecoboost escapes. The cylinder head would crack ( yea, like a 1968 iron dodge engine ) and leak oil externally. That would would run down the cylinder head to the turbo manifold and burn the car to the ground. Ford’s fix was a tray to divert the oil to the ground instead of the turbo manifold. This let you know to take your escape to ford for a new $3500 cylinder head job. Ford did this recall on the 1.6L in the escape in 2013. Then….. put that “known to crack and burn a car to the ground” engine in the 2014-2015 fiesta ST’s without ever telling anyone. This has been happening for decades ( cough, ford Tarsus/Mustang key switch )
Now They're putting drain tubes on the 3 cylinder dragon engines. I know because I've installed several. Apparently they also have problems with the oil separator cracking and dripping oil all over the exhaust. I've never seen one leaking myself but ford thinks it's a big enough risk to pay us to inspect them.
Econ 101. Economies of scale. Without them, things like cars and trucks would cost a fortune. If Ford only made 30,000 F-150s a year versus 800,000 F-150s, they would probably cost around $200,000 to make.
I watch April n’ Hoovie Daily and and I don’t know why… I’m subscribed and I don’t know why… it’s like NPR radio meets Wayne’s World except Wayne is now a skinny dork and Garth is hot.. geeze guess I will again tomorrow, stay subscribed and leave another unread comment
Thank you for the content!! All we need is the right advice on how to invest in crypto and we will be set for life, made $28,000 profit from trading last week regardless of how bad it gets on the economy....
I will advise you stop investing on your own and seek for guidance from a professional, I don't invest on my own anymore, always required help and assistance...
YES!!! that's exactly her name (Mrs Elizabeth Rossiello ) I watched her interview on CNN News and so many people recommended highly about her and am just starting with her from NJ 🇺🇸
That's not a surprise. Tesla took 11 years to be profitable and up until last year had the biggest installed capacity to produce electric vehicles. Other manufacturers don't have the money or are not willing to spend enough until the cost per unit comes down to make money. They wouldn't even bother if it wasn't for policies and electric vehicles grabbing the entry luxury market.
WE need to see the numbers before you come to that conclusion. These numbers are lies. Electric motors are cheaper than ICE. For instance Tesla motors cost between $3000 to $5000 to manufacture, and that's all you need. No transmissions, no alternators, no turbos, no fuel injection, etc. Everything else Ford already has, the assembly line, chassis, drive train, etc. And that leaves batteries. Again Tesla batteries cost between $10000 to $15000. So if you remove the costs of the engine, transmission, and all other such parts, and replace them with motor and battery at most there is a $5000 to $10000 extra cost for Ford. So where does the $100,000 come from? April is right. They want a gov(tax payer) bailout so they are fudging the numbers. All corporations are doing this now. Tesla, Rivian etc. strated from scratch. They had to build factories, did all the R & D, but Ford has no such expenses. They have everything, and simply bought the parts, motors, bateries, software, and assembled. Again where is the $100,000 over run per car? People need to stop being so gullible. Corporations lie. They lie non stop. They own the politicians which is why politicians lie because they get bribed. Do the math yourself. And look at the CEO incomes. They are all up year on year 25%. If they are losing so much how come CEO incomes grow, even during the pandemic when no cars were sold. It does not add up. They are ripping us off yet again.
I had a Ford Escape with a tiny turbo engine as a company car, and to get any power out of it, you had to drive it like you're mad at it. It was beginning to have engine problems by the time the lease was up.
Buying an EV, at least for me, would actually cost me more to drive than a gasoline powered vehicle. The increase in insurance cost exceeds the fuel savings by a lot. There’s no motivation for me to make the switch. I parked my Z71 next to a Bronco Sport and the baby Bronco looked so cute. ☺️
The math never added up with EVs. Not to mention, we already had this war back in the early 1900s between Gas, EVs, and Steam. Gas overwhelmingly and quite easily won.
While my Honda CRV is definitely not as cool as a baby Bronco, I have had it for 6.5 years without ANY mechanical issues. I like my cars to be reliable. That is why I own a Honda and a Toyota.
April and Tyler are knowledgeable on many car topics. But here's a quick lesson on Line Tooling cost, Amortized over X number of years (a concept called "Matching Capital cost with Unit sales). If you Amortized cost on the Mustang EV are for a period of 3 years say, then you divide that cost by the number of vehicles you sell then it becomes clear the less vehicles you sell results in it being impossible to fully absorb that capital cost within the time frame, resulting in a loss per vehicle. Now that's a simplistic picture cause I'm not taking into account a number of things, but that's a good overview of how sales quantity numbers affect IRR on a particular model.
Ford didn't develop an actual EV platform. They instead tried to reuse most of their existing components to save money and out sourced much of the electric drivetrain. Which is the reason why they're having a hard time controlling the cost. They knew this was going to be a problem and that is why they were or are building their largest manufacturing facility ever in Tennessee. Ford over the last few years have started to build many of their own EV components in house however, they still don't have a platform so they can not spread the cost over multiple models. Not to mention the charging network problems needs to be worked out. Once they're able to do that then they will be able to compete.
My F150 Lightning is awesome. Almost double the power and torque of my old V8's, about 5X cheaper to fuel in town, and with almost zero routine maintenance. I get that haters are gonna hate, but so far it's the best truck I've ever owned. 😀
I’m glad you like the truck. The truck isn’t the problem. The company can’t or won’t improve their manufacturing process. You paid probably 75k for a truck that costs 150k or more to make. If they can’t make money at a price people will pay they won’t make them. They won’t support them. The dealers won’t service them etc.
Here in South Africa we had people who died because their Ford Kugas caught fire and burned with the people locked inside, it took like two years and a class action lawsuit before they did a recall to fix the cars
I'm just glad that I was a teenager in the late 60's and early 70's and had the pleasure of running around in MUSCLE CARS with cheap gas vs putting up with all this modern CRAP.....Folks it was a BLAST.
April, you should have paid a little extra for the Badlands! The 2.0 Turbo in ours is AMAZING & very powerful, not to mention all the off road goodies included! We love ours anyhow...You guys should tape a test drive in one, put it in Sport Mode first and have fun! We test drove the 1.5 3cyl.... Not even close. Love this channel too btw!!!
Same thing Chevy did back in the 60’s. I had a 1967 Camaro with the motor mount issue their fix was to add a cable that ran under the engine in case the motor mounts broke…which mine did eventually and I just replaced the mounts myself
It’s an Escape underneath,which I had for several days as a loaner while my car was in the body shop and I couldn’t believe the quality of materials in the interior and the lackluster Ecoboost turbo 3 cylinder that had no throttle response unless you mashed the gas pedal to get the turbo to kick in.
Get the bronco recall done and just have car wizard plop 3 injectors in the thing. Less than $1k, maybe cheapest thing he has done for you, compared to all the other stuff! And when class action suit settles get the money back.
Hoovie is going to Home Depot to buy 6 fire extinguishers for the baby bronco ,add a fire blanket too ! Next take the wizard up to Chicago and get him to fix it , imagine the Wizard let loose in the City Add to all this,don't be happy for it to burn and claim insurance,as you knowingly drive it with the issue, insurance may not pay out .
MASSIVE BUGBEAR: I find it moronic that some countries are penalising companies for not selling enough 'low emission' cars, if people don't want them ,they will not buy them. You cannot achieve 'greening' in an 'open' market. That has become very plain.
If you have had the 22S72 recall done the 22N18 recall is automatically activated on your VIN. If there is a strong raw fuel odor, leaking fuel injectors or evidence of fuel dripping from the drain tube that was installed under 22S73 or if DTC P0087 is present then Ford will replace all 3 high-pressure fuel injectors. This recall provides a no-cost, one-time replacement of the injectors for 15 years of service or 150,000 miles form the warranty start date of the vehicle, which ever occurs first. Coverage is automatically transferred to subsequent owners.
I got the recall notice for my 2022 Ford Escape Hybrid in May 2023 saying it could catch fire. They said they wouldn’t have a fix until late October and probably wouldn’t be able to get me in until December or January. After confirming all of that with my local dealership, the next day I went to the local Subaru dealer and used the Escape as trade-in for a 2024 Crosstrek Sport. I recommend ditching it April, Fords history on these potential fire and also transmission recalls is historically bad and usually ends up as a class action lawsuit.
Sounds similar to the Ford Pinto fuel tank problem where Ford ignored the problem for years, and it got so bad in pop culture that the sales issue was irreversible, and even to this day the exploding gas tanks were the main takeaway from the pinto even after Ford fixed the issue.
The Ford Fusion hybrid had a technology similar to Toyota, it was fairly priced and reliable. Here we have a lot of Fusion Hybrid taxi and I got in a few units that had over 250k miles, still solid and comfy. The Fiesta and Focus ST were also great cars that sold pretty well, at least enough to not lose money. The Ford Edge had its best year, yet it's getting discontinued. I think they should have waited to bring an EV SUV under the Edge name, bring something that is really competitive instead of trying to speed up the process and come with a half bake EV with Mustang logo to try to make it interesting.
I would argue routing the fuel away from the exhaust is actually the better solution than just replacing the fuel injectors. No matter how good of an injector you replace it with it could eventually fail (albeit probably later down the line) and you will see this same issue just later in life. Depending on the failure rate of the injectors, I can very much see this fuel routing being the proper solution. If the injectors are failing at a typical rate the issue isn't necessarily the injector itself but the other issue it could cause that needs remedied. And to the point of losing 100,000 per EV sold I would almost guarantee they are calculating based on the TOTAL cost to retool their factory and build each vehicle divided by the vehicles sold. Many of these costs are large upfront costs not recurring costs per vehicle. I would not be surprised if its fairly standard for auto manufacturers to run a loss the first year or two when they release a brand new vehicle not based on an existing platform.
All manufacturers do a break even point of where all the costs of FACILITIZING (property plant and equipment) are paid for before profit kicks in based on sales.
My neighbor has so much trouble with their Baby Bronco, that they traded it for a new Jeep Compass Limited with a 2.0L Turbo Four and Eight Speed transmission.
Because the REAL Markup on each EV, is so HIGH, the price point for that EV, to “Affordable “ listings, automatically takes that loss off the lot, shielding the buyer from realistic prices.
I LIVE IN ORANGE COUNTY CA, I SWEAR I HAVE SEEN ABOUT 12 MUSTANG E MODELS ON THE ROAD, WHERE ARE THEY? SHOULD SEE HUNDREDS RIGHT? WRONG, THEY ARE NOT SELLING AT ALL HERE. NOT REALLY ALOT OF THE NEW BRONCOS EITHER, MORE THAN THE MUSTANG E BUT NOT THAT MANY MORE. WHAT IS UP?
The cheap easy route until someone is left stranded on the side of the road and something happens to them, the lawsuit will make the recall look cheap.
20k on an f250 godzilla and my buddy got a coolant temp to low check engine light. His auto retract mirror motor is flaking out and he had the throttle cable mount come loose. So far the Ford dealer has been very reluctant to investigate and fix this stuff for him under warranty without him making a big deal and insisting they do something. They often want to brush it off like its a user error thing or not a problem so they can kick the can down the road as much as possible.. they also don't give up a loaner very easy and ita overall been a hassle to deal with them. Not to forget how over priced their labor and parts charges are for the quality and service they provide. Dealers are a joke and should be treated that way in most cases.
The speed of development of something so new to the company is very expensive. Just like a start up EV company within a traditional company. (All new testing labs, manufacturing facilities and material costs of the batteries are all big impacts). Add on top that the general public is not as accepting of the EV's compared to early adopters so paying more for one is not in the cards.
Ford isn't loosing money...they're not not MAKING as much as they predicted...(the bean counters can file it as a lose..) F-150 tooling was paid for long ago, the only re-tool was for the skateboard and batteries.
