In the mad dash to pursue all things electric for the sake of climate change, Ford Motors has invested heavily in the production of electric vehicles.

So far, things are not going according to plan.

Ford is losing billions on this in 2023 and it’s only March.

The Associated Press reports:

Ford says EV unit losing billions, should be seen as startup

Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business structure separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units.

Company officials said the electric vehicle unit, called “Ford Model e,” will be profitable before taxes by late 2026 with an 8% pretax profit margin. But they wouldn’t say exactly when it’s expected to start making money.

Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford.

“As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build (sales) volume and gain (market) share,” he said.

Model e, he said, is working on second- and even third-generation electric vehicles. It currently offers three EVs for sale in the U.S.: the Mustang Mach E SUV, the F-150 Lightning pickup and an electric Transit commercial van.

Why is everyone trying to reinvent the wheel?

Ford expects $3 billion in losses from electric vehicle business unit this year | Just The News https://t.co/9xdj0elhpf

— John Solomon (@jsolomonReports) March 23, 2023

Ford warns of $3B loss on electric vehicle business for 2023 https://t.co/mfOqF9xrGV pic.twitter.com/4cru5ktmvz

— New York Post (@nypost) March 23, 2023

So happy to see @Ford losing money in this chase of a leftist utopia. We live in a fossil fueled world. Ford listened to a deranged old man (joe biden) and now paying the price. https://t.co/ftbhs5i2kJ

— AWR Hawkins (@AWRHawkins) March 24, 2023

Is there a Biden bailout in Ford’s future?

The post SHOCKER: Ford Motors Losing Billions on Electric Vehicles appeared first on The Gateway Pundit.

A Spanish third-division match between Cordoba and Racing de Ferrol was suspended on Saturday after Serbian defender Dragisa Gudelj suffered a cardiac arrest and collapsed on the pitch.

Dragisa Gudelj, the brother of Serbia midfielder Nemanja Gudelj who plays for Sevilla, suffered a cardiac arrest during the 11th minute of the first half.

An ambulance immediately responded and drove onto the field to assist Gudelj, and then transported him to a nearby hospital once his condition had stabilized.

Doctors performed CPR  on the field and successfully revived Gudelj. They treated him for seven minutes, including cardiac massage, until the ambulance arrived, according to Marca.

The stars of Cordoba broke down in tears as they witnessed one of their own get medical attention.

The center-back was conscious when he was taken away in an ambulance, and the fans gave him a standing ovation as he left the stadium.

After he regained consciousness, the 25-year-old player seemed determined to continue despite the scary incident, but he was taken to Reina Sofia hospital for observation.

The club later said that Gudelj is “stable” but under “close surveillance” in the ICU.

WATCH:

Dragisa Gudelj collapsed on the pitch today in the 11th minute of the first half, and was taken by ambulance after collapsing in Córdoba.

The game was suspended shortly after.

pic.twitter.com/UkJLh01pAL

— COVID VACCINE INJURIES .COM (@Storiesofinjury) March 26, 2023

Marca reported:

[Translation] Dragisa Gudelj is “stable” after being treated at the Emergency Department of the Reina Sofía University Hospital, according to the entity. However, the center-back “is going to go to the UCI for close surveillance ,” according to the press department.

The CEO of Córdoba, Javier González Calvo , confirmed after the meeting that the player arrived “conscious and stable” at the hospital and that he was going to be “tested” throughout the evening. “He’s been in cardiac arrest for a while ,” although “by the time he left the stadium he was fully conscious” and “wanted to play the game.”

“We have decided that, as is normal, they will take him away. In the next few hours we will give more news about Dragi, which we all hope will recover as soon as possible,” he added.

The post Spanish Third-Division Match Suspended After World Cup Star’s Brother Suffers Cardiac Arrest During First Half (VIDEO) appeared first on The Gateway Pundit.