Ford Motor loses $3.1 billion due to chip shortage and Rivian

[doug2104]

Here is article from CBS News about Ford Motor loses 3.1 billion due to chip shortage and by the plummeting value of its stake in electric-vehicle startup Rivian.
Here is the link: https://www.msn.com/EN-US/news/comp...on-due-to-chip-shortage-and-rivian/ar-AAWFzqG

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[Prostate Heaven]

Lost it, eh? Where did it go? 3.1 billion that simply walked out the door or lost in the couch cushions?

Oh.... you mean they made less money than expected?

 

[Maverick2023]

Expect a steep increase for MY23 when the order bank reopens

 

[Darnon]

Lost it, eh? Where did it go? 3.1 billion that simply walked out the door or lost in the couch cushions?

Oh.... you mean they made less money than expected?

Their shares in Rivian decreased in value, but it isn't actually a realized loss since they haven't sold their stake in the company (and can't yet anyways).

 

[Prostate Heaven]

Their shares in Rivian decreased in value, but it isn't actually a realized loss since they haven't sold their stake in the company (and can't yet anyways).

You mean their speculative investment was never worth what the crooks selling them on it said it would be.

I'm just being coy. I understand how these things work. Won't stop me from LOLing at the insanity of it all. That 1.3 billion dollars in valuation was smoke and mirrors to begin with.

 

[Starwatcher]

They are going to lose more if they don’t get off their rear ends and get vehicles delivered. Mine was built weeks ago, has been at their storage facility in town for a week, and they are in no hurry to get it to the dealer. After waiting 9 months, and now having it stuck in the railroad lot earns Ford zero points. Starting to p### me off.

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