banker55
-
Posts
103 -
Joined
-
Last visited
Content Type
Profiles
Forums
Gallery
Downloads
Store
Posts posted by banker55
-
-
Mileage is filled out by the dealer at delivery time. It's almost guaranteed Ford did a 50 mile QC test before it left the factory.
I used to take a unit home every day to the tune of 30 miles round trip.The next day at 11:am you had to report out on that unit. The unit was supposed to be perfect as it had been final QC'd. If you found a problem it was fixed and the problem was fed back to production and QC. Most times
a problem generated a 50 car check looking for a trend and may be required for 10 days. If you found the same problem in the audit more special procedures . If it was a delta operation, shipping was shut down.A sticker was placed on the window explaining the miles. A good unit to get. No one
else was allowed to drive the unit.
-
The big difference was a $476 Million turnaround in Pre-Tax profit.
Every part of the business improvedFavorable mix driven by SUVs and commercialvehicles Reduced both contribution and structural costsThe numbers for unit sales and revenue are simple arithmetic as is the average, A richer mix should show up in revenue, but I do not see it. I agree with you that Ford has improved in a lot of areas.Sales are up and so is market share
At the end of quarter one last year,after reporting a $443 million dollar loss,Shanks said the results in Europe would be greater than the $250 million he had projected,but less than the billion dollars reported in 2014.Ford lost $18 million
in the second quarter and $182 million for a total of $643 loss. These are financial accounting numbers. They are not simple arithmetic. A change in accounting took Ford Europe from a certain significant loss for 2015 to a profit.By changing
to marked to market pension accounting Ford of Europe swung to a $259 million dollar profit. I understand why Ford changed the pension accounting and going forward it will affect the numbers,both good and bad,as things like discount rates
and investment markets change.Please don't take these numbers as a personal attack. They are Ford Motor Company numbers. My only point was that I expected to see a revenue improvement from the higher margin vehicles.Just arithmetic,
not accounting.
-
How do you increase profit while losing market share?
By reducing incentives and pushing higher ATPs with more options.
Comparing first quarters 2015 and 2016 for Europe
376000 unit sales 2015 $6.9 billion revenue
399000 unit sales 2016 $6.9 billion revenue
Factor in Fords 6% exchange rate differential and it looks pretty flat. $18351 vs $17293 revenue per unit in US dollars 2015 vs 2016...even if you adjust at 6%. I was expecting a significant uptick in revenue per unit.
The sales and revenue numbers are from Ford's first quarter report.
-
Yep, closing speed.
So has anyone confirmed that Tesla actually builds their capacitive touchscreens in house or do they just buy them from a supplier just like everyone else and integrate them?
Just got off a Delta 757 with touch screens in the seat backs. Talk about closing speeds!
-
Nifty trick:
Copy the headline.
Paste it into the search box at Google.com
Click on the article.
Voila!
Worked for me...thanks
-
Here's a much easier to read line graph of the GM Trucks sales that I've been keeping track of...
GM loves to dump inventory of the Silverado and Sierra in December it seems. A more interesting point in regards to this discussion though.....look at the overall decline for the Silverado and Sierra since August of 2015....
The Colorado and Canyon have actually stayed very consistent since their ramp up....even though I've been keeping track of the numbers, I didn't even realize how relatively consistent they seem to be until throwing the numbers in this type of chart.
GM production figures indicate a problem of some kind.
Dec 2014 vs Dec 2015 Chev Col 5942 to 5508
GMC 2205 to 2270
Jan 2015 vs Jan 2016 Chev 5904 to 3959
GMC 2561 to 1325
Those are poor numbers at 18 months for a truck that is sold out.....pathetic is a more apt description.
Compare Toyota production up 17000 to 18000
F series January 84917 production excluding chassis build.
Express and Savanah sales are down big for January???? . numbers from Auto News.
Maybe mid-size trucks is a good market to stay away from?
-
I don't want "all seasons" floor mats... I just want the "winter floor mats".
They should cost <$70.00.
Am I right?
Dealer said I can get you the floor mats, but you may have to wait for a 2017 truck.....does either floor mat work for you?
-
Not to mention $84k is pretty typical transaction price for Escalade... this is not a new price limit that Cadillac is probing.
At $92,000 plus they want $250 for all season floor mats.
-
If they do bring it here, for the love of God give it a new name because Ecosport is an awful name.
Eco MooMoo has a nice ring
-
1
-
-
It's likely going to include the EcoSport as well as the new dedicated hybrid/electric platform vehicles, so that's part of the increase.
Interesting thought: We are pretty sure that MAP is going to be retooled for the Ranger/Bronco/others. Would it be possible to make it flexible enough to also server as an overflow plant for F150 production if the need arises? How close to capacity are KCAP and DTP running?
These plants in a changeover constrained year built 626,120 new model trucks plus 22,449 of the old model. A lot of production was lost at KCAP for change over and ramp up. They also lost production due to frame shortages. I am sure they can build over 700,000 if they have the parts.
The HD plant built 313,835, which are part of F-series numbers. (numbers are from Automotive News) The three plants together can build over 80,000 per month. They beat that for 2015. Kentucky Truck is changing to add capacity and Ohio Assembly is picking up some HD production.
-
Please note that, taking into account the splits and dividends--and the effect of the dividends on the splits--the ROI on a share of Ford purchased at $32.375 in 1997 is 253%. If the shareholder opted to receive more shares in Ford in the VEP.
If the shareholder opted to take the $20 cash in the VEP distribution, the ROI on a share of Ford purchased at $32.375 in 1997 is 400%.
I may have missed it. Was the Hertz spin-off in 2005 included in your calculations. I am sure I received some Hertz shares or cash or more Ford shares.
-
I didn't buy them at the turn of the century. I'm well ahead of what I have invested as my average cost for F stock is just around $6.
Where would I have been with those GM shares that I bought around the turn of the century? Didn't GM go bankrupt and all their shares became worthless? That 100k would be worth 0 right now had I invested it all in GM. I'm not sure what happened with the Chrysler shares, so I can't comment on those.
Are there better stocks than Ford? Sure there are, but I don't have the time to research every stock out there. I pick a few that I feel I am comfortable with and that pay decent dividends, do some research, watch them, and decide if/when to buy/sell. You win some, you lose some, but all-in-all, since I started buying my own stocks, F has outperformed all of the others as far as price. F is a bit behind others in % dividends received, though.
Of course, hindsight is 20/20, and if I could tell the future in the stock market, I would be on an island somewhere, sipping Margarita's, not having this discussion.
I started accumulating F in 1977 as part of my pay package.For every $10 dollars invested, Ford gave you $6.00 in shares . I still own a bunch. I also received Citi, Hertz and Visteon from the spinoffs. I sold them. I am looking at snow out my home office window,so no island for me either. Being retired,I can and do spend a lot of time with investments.....I just looked at the snow again.
-
Good point. Checking my statement today (I bought a few more shares of F while it was down), my average cost is around $6/share. That means I'm earning about 10% on my F stock, regardless of stock price. In that regard, Ford maintaining profitability and continuing to fork over that dividend is much more important than what speculators cause the stock price to do.
I commend you on your short to medium term investment acumen , but lets look at a longer view. If you had bought 3000 Ford shares at the turn of the last century it would have cost around $100000. Today those shares would be worth $33333. Your dividend income would be $1800. Between the middle of 2006 and the start
of 2012 Ford stock paid zero dividends. The same investment in GM or Chrysler would have netted you a zero balance.
-
Is Chicago Assembly plant running three shifts or two x 10 Hrs shifts
CAP is running 3 shifts with tag relief and has increased line speed in the past year. I do not know the shift configuration.
-
1
-
-
Does anyone know how close to capacity CAP is running? Dean, what do you have in inventory? Seems like very little?
Chicago numbers to end of September. 2015 2014
Explorer 213501 214851
Taurus 57515 59285
MKS 5880 5835
I would say they are close to capacity at 360000 to 370000 per year . Ford makes some Explorers in Venezuela and Russia, but not a very large number.
-
Agree with most of this post, except with "lots of square feet". As an MP&L driver, I can attest to the fact that square footage is a huge factor for warehousing and delivering stock. Here's your stock, find a place for it!! Parts are constantly being lost, misplaced, wrong, or late to the line. Things are only going to get worse with the launch of of right hand drive, and diesel.(CDX).
Chicago is 2.8 million square feet .Oakville is 5.5 million square feet. Sounds like poor management , not a shortage of space.
-
I have to concur with fuzzy. Way too many poor engineering decisions (who would up a u-shaped upward pointing channel anywhere on the underbody of a vehicle ?) Compounded by managements "head in the sand" attitude regarding long term durability issue with the engine and transmission (carried over from the Taurus).
Then the Freestar ! What a waste of engineering dollars. Much too few feature and much too late for the marketplace. If I were CEO at the time, a lot of heads would have rolled.
If I remember right, it was a 600 million dollar expenditure to basically change the nameplate.
-
Hi all,
I'm trying to work out how the plant is arranged to build the D4s as well as the CD4s.
Are the D4 and CD4 made using common body shop, paint shop, assembly line
and final trim or are some/all those processes separate?
Are the build sequences now mostly the same enabling the use of common work stations?
Happy New Year everyone....
Happy New Year. Paint and Final Assembly(Chassis and Trim) are in line sequence ...all units back to back to back. Body looks to be the same to me. Lots of money spent upgrading to laser welding robotics and dimension controls. Paint has the newest electronic checks for paint quality. Line speed looks slower to me. Maybe low 60's. This place used to be a very fast plant...like the Kentucky Plants...I have not worked there since 1999....Windstar.....further back I worked at Oakville Truck. I think they are running 2 shifts plus a half....to maximize production.....no size constraints as there is lots of square feet.
-
1
-
-
Unites States - Michigan Assembly PlantForget the 2 lines wish. There's no room for 2 lines
Type: Assembly
Employees: 4,468
Year Opened: 1957
Legal Entity: FNA
Plant Size: 5,000,000 sq ft
Site Size: 369 acres
The above numbers are from Ford Corporate. As Richard said, STAP built Panthers and Escorts together in the early 80's. They built 2 door, 4 door and wagon Ford and Mercury Panthers plus 2 door Escorts at over 60 per hour. The wagons included the Country Squire and the Colony Park. The plant was not a flex plant. The plant did not have ILVS. The plant made its own seats,sub assembled instrument panels, door trim panels, headliners and rear door glass assemblies. Door glass was tinted or clear, full, sail mirror and vent window. Right side mirror was an option .Built and installed vinyl roofs. 6 interior
colors. Escort had different interior and exterior colors . The plant had in line water test before seat, carpet and trim installations with QC and repair followed
by a second in line water test for QC buy off. (it was eliminated years later to increase assembly room and make job re-distributions easier and more flexible.)
Oakville would have identified their Edge problem on the first unit with this old system. STAP ran with around 3000 people and the plant was under 3 million
square feet. The plant also built 2 tone colors retail and 50,000 to 70,000 police/fire/taxi/FBI/Air Force/Army units. Lots of paint stripes and different
exterior body side mouldings.
-
They're selling tons of full size SUVs. And they're investing over a billion dollars in that plant because you can't fix stupid, apparently.
Arlington's production was up 32 percent from the prior year to 162,431vehicles at the halfway point of 2015. Spending $1.4 billion may get them more production, but I don't see a big uptick in sales above the present numbers.Arlington is a big profit plant for now.GM is spending at it's truck plants as well looking to increase production by 60,000 units.
-
I was taking it with a grain of salt for that reason. But Richard ignores one other advantage - freeing up factory space for Fusions, Escapes and Edges.
I'm not saying it's a fact or even likely, just a possibility. There are some advantages, but also disadvantages.
Moving product is very expensive for equipment and installation. Manpower training is required in one or more plants.Each work station has to be redone from an industrial
engineering point of view and from a process engineering point of view. You have to review ergonomics and safety. Review material handling flow. You lose production during
ramp up. A Lincoln specific plant would build 100000 units(guess) in a 300000 unit plant. The move costs a lot of cash before job 1 and effectively triples your fixed costs
per unit. Looks to me like 200000 units of capacity are off the table. You would be creating a slow, inefficient one shift plant that could not handle an economic downturn.
-
You don't get to stage a third product at KTP for free. It costs money and almost certainly would not increase that plant's revenue contribution to Ford (SD & Expy/Navi ATPs are probably comparable to the F150). So where are you at? You're adding cost w/o adding revenue.
The truck plant, which opened in 1969 and has been running close to its rated annual capacity of 365,000, will hike that by 55,000 to 420,000, Ford said. The plant will add 350 jobs to its current workforce of nearly 4,000.( Reuters January 2014.) In 2013 KTP built 272,521 HD trucks and 78,500 SUV's. IfFord needs more F150's, they should be able to get them from the two F150 plants, on three shifts. Low 300,000 's are obtainable running 2 shifts on overtime with no weekends. Two 10's Monday to Thursday plus two 8's on Friday, at 68 per hour is 326400 not adjusting for holidays but including twoweeks vacation. I am using 68 because Pioneer in the past said 1 truck every 52 seconds and I worked two plants that ran 68/hour. KTP is in the high 70's. -
At the June sales conference call Ford said that the 2015 F150 inventory is still close to 50% (don't remember the exact number) of what they consider fully stocked which I think is around 140,000. Production is current running above sales so it will take a few more months to get to that point. By the end of Q3 the inventory should be at normal levels according to Ford.
Given the above and that transaction prices are way up and the turn rate is 1/2 of the industry rate, I don't think there's an F150 problem - yet. If we don't start seeing a sales bump next month and increasing up to the end of the year then I start worrying.
LaNeve said Ford started June with 75,000 F-150s in inventory, down from 141,000 a year ago and still well below its target level of 120,000 to 130,000.
“We’re at full production right now, but not full availability yet,” LaNeve said on a conference call with analysts and reporters. “It gets better every month from here, not just in terms of absolute inventory but the right cab mix.”....from today's Automotive News
-
They're not even going to get enough gross profit from these products to pay the interest on the money Marchionne borrowed to do this.
FCA Capital Spending 2011 5.528 billion euros Operating cash flow 5.195 billion euros
2012 7.416 billion 6.444
2013 7.440 7.589
2014 8.121 8.169
Ford 2011 $4.293 billion $9.784 billion
2012 $5488 $9.045
2013 $6.597 $10.444
2014 $7.463 $14.507
The company that is three times bigger by market cap is being outspent by a considerable margin. Free Cash Flow is operating cash flow minus capital expenditures, Ford
has $7.0 billion, FCA basically nothing left. FCA even outspent GM the last couple of years.
Ford commits to fully autonomous vehicles within five years
in Ford Motor Company Discussion Forum
Posted
How things go wrong with modern technology and people...Delta A320 lands at Ellsworth Air Force Base instead of Rapid City Airport. Modern Airliner, satellite navigation, air traffic control, modern radar, airport navigation systems, visual?????