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#61 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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Edit: politicians, French are voting as we speak, sportsbet has Trump at 1.57 currently so there goes the neighbourhood, again
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#62 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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#63 | |||
Mad Scientist!
Join Date: Jan 2005
Location: Newcastle
Posts: 2,840
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Latest battery research just released here https://www.youtube.com/watch?v=yZhKqpleAXM&t=639s |
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#64 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,068
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#65 | ||
Regular Member
Join Date: Jan 2018
Posts: 88
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And another USD 1.1 billion in the second quarter.
Ford Motor reported earnings that were worse than what Wall Street had expected: Its commercial business couldn’t overcome higher warranty costs. And the stock took it on the chin Thursday. On Wednesday, Ford announced a second-quarter operating profit of $2.8 billion, down 26% from $3.8 billion reported in the second quarter of 2023. Wall Street was looking for $3.7 billion, according to FactSet. The stock took the brunt of the frustration. When Thursday’s closing bell rang, shares were 18.4%—at $11.16. It was the worst drop since Nov. 18, 2008, when shares dropped 25%. Ford’s traditional car business, called Ford Blue, generated an operating profit of $1.2 billion, some $300 million better than in the first quarter. More improvement was expected. High warranty costs continue to be a drag on results. Warranty expenses were up $800 million compared with the first quarter. That puts the quarterly warranty expense at roughly $2 billion, or 4% of sales. That’s high for a car company. Ford, however, said those costs are mainly tied to model year 2021 vehicles and earlier. “Warranty has been a growing issue at Ford over the last five years and has escalated over the past year,” wrote Freedom Capital Markets analyst Mike Ward in a Thursday report. “Between 2011 and 2019, warranty averaged 1.6% of revenue but since the beginning of 2022 accruals have averaged 2.9% and exceeded 4% in the second quarter. Ford’s EV business, called Model e, lost less money—a positive. It reported a loss of $1.1 billion compared with $1.3 billion in the first quarter. Ford’s commercial business, called Ford Pro, earned $2.6 billion, down from $3 billion reported in the first quarter of 2024. Still, operating profit margins in the Pro business were 15.1%, about flat year over year. That’s the strongest margin of Ford’s three business segments. However investors choose to look at the numbers, overall operating profit missed expectations. If there is a silver lining for Ford investors, it is guidance. For the full year, Ford still expects to earn about $11 billion in operating profit. That is the same as the midpoint of guidance given in April. Ford reported a 2023 operating profit of $10.4 billion https://www.barrons.com/articles/for...price-70e0e48e .. |
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#66 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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Could they be... listening to customers? "“I don’t think we can go all in on anything until our customers decide they’re all in, and that’s progressing at different rates around the world,” said Gjaja, citing lacklustre customer adoption of EVs which has been fuelled by high battery costs and declining government incentives."
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#67 | |||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Melb.
Posts: 4,441
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#68 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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I'm beginning to suspect the last decade has all been a massive capital misallocation. Have had some doubts for a while, but generally kept it quiet as the Church did not permit heresy online.
If we get a Trump presidency, what happens to many of the green incentives as soon as he turns his attention to them? The US is energy independent in gas and petrochemicals, to remind everyone. Many years ago, after the 2008 crash, I read this superb article by hedge fund manager Mr Janszen. If you understand that each time it's the same process, albeit with a different 'flavour' or 'mania', you can begin to understand how our economy works. Note he thought back in 2008 the 'green bubble' would come after the housing-flavoured GFC. QE gave us the 'everything bubble' instead. Green and AI have been growing in the background over this time, and could be the 'mania' of our times, in my opinion. https://harpers.org/archive/2008/02/the-next-bubble/
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#69 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,637
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#70 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,375
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Good look forward to it if it occurs.
Sent from my iPhone using Tapatalk
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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