Preheat oven to 350 °F and grease two bread loaf pans or a Bundt pan.
In a large bowl, blend 1½ cup vegetable oil, 6 large eggs, 1 cup applesauce, 1 cup brown sugar, 1 cup white granulated sugar, ½ cup molasses, and 2 tsp vanilla extract.
Add in remaining ingredients (3 cups all purpose flour, 2 tsp baking soda, 1 tsp baking powder, 4 tsp ground cinnamon, 3 tsp ground ginger, 1 tsp nutmeg) and mix until smooth.
Pour batter into greased pans and bake for 50-60 minutes or until toothpick comes out clean in the center. When done remove from pans and let cool on wire rack.