jpd80 Posted February 5, 2020 Share Posted February 5, 2020 1 hour ago, HotRunrGuy said: Based on multi-year results like this, why even bother selling outside of NA? Just to increase wheel count? https://www.freep.com/story/money/cars/ford/2020/02/04/ford-profit-sharing-2020-checks-bonus/4644019002/ HRG Ford's products in Europe and China don't work, the ROW markets don't work either because they use Ford Europe products So it's all fruit from the poisoned tree, the only exception s are Ranger and Transit commercial vehicles, all the rest is just Shit or over priced or both. You can't sell three cylinder dogshit up against quality competitors. Quote Link to comment Share on other sites More sharing options...
Happy european guy Posted February 5, 2020 Share Posted February 5, 2020 1 minute ago, jpd80 said: Ford's products in Europe and China don't work, the ROW markets don't work either because they use Ford Europe products So it's all fruit from the poisoned tree, the only exception s are Ranger and Transit commercial vehicles, all the rest is just Shit or over priced or both. You can't sell three cylinder dogshit up against quality competitors. Maybe you need to get better information before to say that. In Europe some products are selling well. The Fiesta is the best selling car in UK. The Fiesta, the Focus , the Ranger pick up and the commercial vehicles are good products that sell in good numbers in Europe.The problem with Ford of Europe is that the people movers (S-Max, Galaxy, C-Max) was arround for longer than necessary. All automakers changed their people movers (vans) for crossovers or SUVs, but Ford. Ford is starting to do it with the new Puma, a Fiesta based crossover that will take the place of the B-Max and C-Max. Then, will come the Baby Bronco, that will add a new crossover to the Ford line up. The Edge failed in Spain. The Explorer will be here in some months, but in an hybrid version. The new Kuga (Escape) just debuted some weeks ago. Ford of Europe will be in better shape this year and , for sure, will generate more profits. The 3-cyl engine of Ford is the basic powerplant for almost the entire line of Europe, and is a very good engine, with many "engine of the year" awards, so, think again before to say things like that. Quote Link to comment Share on other sites More sharing options...
snooter Posted February 5, 2020 Share Posted February 5, 2020 I dont see euro as a bad market for ford ..for sure it is competitive....the italians make a good motorcycle (beta)....ford needs to hire more italians....they can turn a juice cup into sex...ford needs them for interior design... Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 5, 2020 Share Posted February 5, 2020 (edited) 27 minutes ago, falconlover 1 said: Maybe you need to get better information before to say that. In Europe some products are selling well. The Fiesta is the best selling car in UK. The Fiesta, the Focus , the Ranger pick up and the commercial vehicles are good products that sell in good numbers in Europe.The problem with Ford of Europe is that the people movers (S-Max, Galaxy, C-Max) was arround for longer than necessary. All automakers changed their people movers (vans) for crossovers or SUVs, but Ford. Ford is starting to do it with the new Puma, a Fiesta based crossover that will take the place of the B-Max and C-Max. Then, will come the Baby Bronco, that will add a new crossover to the Ford line up. The Edge failed in Spain. The Explorer will be here in some months, but in an hybrid version. The new Kuga (Escape) just debuted some weeks ago. Ford of Europe will be in better shape this year and , for sure, will generate more profits. The 3-cyl engine of Ford is the basic powerplant for almost the entire line of Europe, and is a very good engine, with many "engine of the year" awards, so, think again before to say things like that. Fiesta and Focus make no money, that is why Europe is barely break even, Ford needs to get going with more utility sales but don't expect any massive turnaround, this year is about getting new products in showroom and attracting buyers, that all takes time. Every year Ford Europe has more than one new major product launch, the up front costs to Ford is big and pulls down profit big time Edited February 5, 2020 by jpd80 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 5, 2020 Share Posted February 5, 2020 5 hours ago, falconlover 1 said: The Explorer, a vehicle that was a cash cow for Ford in the past, almost send Ford to bankrupcy in 2019 No it didn't. That's a total exaggeration and you know it. 4 Quote Link to comment Share on other sites More sharing options...
snooter Posted February 5, 2020 Share Posted February 5, 2020 Ford needs to fix what they have now...new product with same ol' craptastic plastik interior is not going to get people in the showroom... Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 5, 2020 Share Posted February 5, 2020 29 minutes ago, falconlover 1 said: The 3-cyl engine of Ford is the basic powerplant for almost the entire line of Europe, and is a very good engine, It is, but not for this market and sooner or later that could come back to bite them. 1 1 Quote Link to comment Share on other sites More sharing options...
Happy european guy Posted February 5, 2020 Share Posted February 5, 2020 Just now, fuzzymoomoo said: No it didn't. That's a total exaggeration and you know it. I agree with you, it didnt. But it generated losses, when Ford expected it will generate some profits. And you know it. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 5, 2020 Share Posted February 5, 2020 (edited) 10 minutes ago, falconlover 1 said: I agree with you, it didnt. But it generated losses, when Ford expected it will generate some profits. And you know it. That was mostly confined to Q3, Q4 was much better for Explorer sales The slow ramp up in Q3 cost Ford about 30,000 sales but only 9,000 in Q4 (higher price/ less incentives) Edited February 5, 2020 by jpd80 Quote Link to comment Share on other sites More sharing options...
rperez817 Posted February 5, 2020 Share Posted February 5, 2020 13 hours ago, mustang84isu said: IMO, it's time for Hackett to go. He has been a disaster. A lot of people (investors, analysts, customers, employees) are upset that Hackett's work to get Ford fit again has been very slow to show results. They should be upset. But Ford was an even bigger disaster before Hackett became CEO in 2017. No human being could fix an organization as unhealthy as Ford in only 3 years. Let Hackett keep executing the fitness program he started. He's the only one who can get it done. And he's the right person for the job of Ford CEO, now and in the next few years. Trying to bring in a new CEO at this point will make things worse. 1 Quote Link to comment Share on other sites More sharing options...
Fordowner Posted February 5, 2020 Share Posted February 5, 2020 (edited) Ford Stock is down because of this: "Excluding one-time items, Ford made 12 cents per share for the quarter, falling short of Wall Street's expectations. Analysts polled by FactSet predicted 17 cents per share." Plus the outlook for the coming year offered by Hackett that could be charachterized as negative. Hackett said "I don't think this company can keep straddling the old and new worlds forever ... This company has to change," https://www.autoblog.com/2020/02/04/ford-2019-earnings/#slide-1278432 The 12 cents actual vs. 17 cents predicted does NOT include the pension charges because it excludes one time charges which is how the pension charge was taken. The 5 cent miss in the 4th quarter is the surprise driving the share price drop today. I am not sure what it is attributable to - Are Escape sales hurting us and Explorer still needing to ramp up? In the article, Hackett did specifically cite the "flubbed" Ford Explorer launch and warranty costs. True the full year results and pension and warranty charges (Focus/Fiesta Transmissions) set up this dismal headline of full year profits falling from $3.68 Billion to $47 million which I am sure didn't help shares today. Though not totally surprising since the results of the first 3 quarters are already out there. Edited February 5, 2020 by Fordowner Quote Link to comment Share on other sites More sharing options...
mackinaw Posted February 5, 2020 Share Posted February 5, 2020 (edited) 30 minutes ago, rperez817 said: Let Hackett keep executing the fitness program he started. He's the only one who can get it done. And he's the right person for the job of Ford CEO, now and in the next few years. Trying to bring in a new CEO at this point will make things worse. We'll see what the Board of Directors does. Very interesting piece on today's Autoline Daily. Criticism of Joe Hinrichs (the botched Explorer launch.....poor execution) and speculation that Hackett will "retire" at age 65. Ford policy is for Ford executives to retire when they turn 65, unless asked to stay on. Edit: Hackett turns 65 in April. Go to the 7:38 mark: http://www.autoline.tv/journal/?p=65935 Edited February 5, 2020 by mackinaw 1 Quote Link to comment Share on other sites More sharing options...
The Handler Posted February 5, 2020 Share Posted February 5, 2020 3 hours ago, mackinaw said: We'll see what the Board of Directors does. Very interesting piece on today's Autoline Daily. Criticism of Joe Hinrichs (the botched Explorer launch.....poor execution) and speculation that Hackett will "retire" at age 65. Ford policy is for Ford executives to retire when they turn 65, unless asked to stay on. Edit: Hackett turns 65 in April. Go to the 7:38 mark: http://www.autoline.tv/journal/?p=65935 I hope they replace him with Galhotra. 1 Quote Link to comment Share on other sites More sharing options...
coupe3w Posted February 5, 2020 Share Posted February 5, 2020 See ya Jim. Don't let the door hit you in the a** on the way out. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 6, 2020 Share Posted February 6, 2020 8 hours ago, coupe3w said: Yup, it's about to burn. They have been going through a short squeeze, buyers with a short option actually buying more stock to make the price go up and cover their asses. Quote Link to comment Share on other sites More sharing options...
akirby Posted February 6, 2020 Share Posted February 6, 2020 9 hours ago, coupe3w said: How much longer do they talk about quality? That is all they do is talk. When have they Said anything about improving quality the last decade? I haven’t heard it. And overall quality isn’t bad according to jd power surveys - just a few specific problems that shouldn’t be happening. Quote Link to comment Share on other sites More sharing options...
akirby Posted February 6, 2020 Share Posted February 6, 2020 9 hours ago, snooter said: They need to work on interior design-that is killing the brand along with msrp...id like to see a single cab long bed stx sport truck f350 with couple bucket seats and center console.. Exactly. That’s why F Series sales are so terrible and they’re way behind GM and RAM. 2 Quote Link to comment Share on other sites More sharing options...
coupe3w Posted February 6, 2020 Share Posted February 6, 2020 23 minutes ago, akirby said: When have they Said anything about improving quality the last decade? I haven’t heard it. And overall quality isn’t bad according to jd power surveys - just a few specific problems that shouldn’t be happening. You're kidding right? Quote Link to comment Share on other sites More sharing options...
akirby Posted February 6, 2020 Share Posted February 6, 2020 22 minutes ago, coupe3w said: You're kidding right? Prove me wrong 1 Quote Link to comment Share on other sites More sharing options...
mackinaw Posted February 6, 2020 Share Posted February 6, 2020 56 minutes ago, coupe3w said: You're kidding right? See this: https://media.ford.com/content/fordmedia/fna/us/en/news/2019/06/19/ford-lincoln-rank-among-top-five-brands-jd-power.html Quote Link to comment Share on other sites More sharing options...
7Mary3 Posted February 6, 2020 Share Posted February 6, 2020 As has been pointed out, look past the one-time charge and things don't look so bad. Jim might be gone this year. Did he just torpedo Hinrichs? Quote Link to comment Share on other sites More sharing options...
Happy european guy Posted February 6, 2020 Share Posted February 6, 2020 (edited) I see a big problem in the operational area of Ford. The Chicago plant must be scrutinized. Why did the Explorers and Aviators assembled there go out with serious defects, to the point of having to send them to another plant to fix them? So serious were the problems that could not be solved there? Is there any degree of sabotage by workers? Who supervised this plant? Why they didn't realize what was happening, or, if they realized, why didn't they act? Hackett knew that the company's flagship product (apart from the F-series truck), the one that should leave the most juicy profits and maintain the market share, was being built that way, damaging the image of the product and the brand? There are many things that I do not understand, and I am sure, that in the future we will know what happened and it will be seen in its true magnitude as to damaged Ford this failed launch. Even Hackett points it out as the cause of the financial results! This will be the size of the debacle! And this in only a part of the "Explorer debacle". The poor and horrible interior design, with bad quality materials, the use of a platform dedicated only for this product (in a costly decision), the wrong price policy (when we see the bad quality materials of the interior...) add some aspects to this problem. Is evident that the Explorer interior needs an urgent redesign (more money invested...) to keep a decent sales numbers... and the price must go down (less money for Ford...), because the competition is hard, offering better products, with better quality at lower price. 2019 was a horrible year. I hope Ford learn from the mistakes, and the launch of the Mach E, Bronco , new F series and Baby Bronco will be better than the Explorer launch. Ford cant make more mistakes. Edited February 6, 2020 by falconlover 1 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 6, 2020 Share Posted February 6, 2020 (edited) 53 minutes ago, falconlover 1 said: I see a big problem in the operational area of Ford. The Chicago plant must be scrutinized. Why did the Explorers and Aviators assembled there go out with serious defects, to the point of having to send them to another plant to fix them? So serious were the problems that could not be solved there? Is there any degree of sabotage by workers? Who supervised this plant? Why they didn't realize what was happening, or, if they realized, why didn't they act? Hackett knew that the company's flagship product (apart from the F-series truck), the one that should leave the most juicy profits and maintain the market share, was being built that way, damaging the image of the product and the brand? There are many things that I do not understand, and I am sure, that in the future we will know what happened and it will be seen in its true magnitude as to damaged Ford this failed launch. Even Hackett points it out as the cause of the financial results! This will be the size of the debacle! And this in only a part of the "Explorer debacle". The poor and horrible interior design, with bad quality materials, the use of a platform dedicated only for this product (in a costly decision), the wrong price policy (when we see the bad quality materials of the interior...) add some aspects to this problem. Is evident that the Explorer interior needs an urgent redesign (more money invested...) to keep a decent sales numbers... and the price must go down (less money for Ford...), because the competition is hard, offering better products, with better quality at lower price. 2019 was a horrible year. I hope Ford learn from the mistakes, and the launch of the Mach E, Bronco , new F series and Baby Bronco will be better than the Explorer launch. Ford cant make more mistakes. Ford will keep making mistakes, the reason Explorer defects happened is exactly because CAP ramp up was way too fast for an all new product, They hit problems but because of plant speed and supply delivery lock in, they couldn't alter, slow down. All supply contracts are long lead with Penalties for altering or change right after start of delivery. This is all on Joe Hinrichs, the VP that former CEO, Mark Fields tried to fire over Focus Powershift. Edited February 6, 2020 by jpd80 1 Quote Link to comment Share on other sites More sharing options...
MKII Posted February 6, 2020 Share Posted February 6, 2020 7 hours ago, coupe3w said: You're kidding right? I don't think akirby has read or listen to Mulally. Hard to miss the words "improve quality" spoken by Mulally over his tenure. As an example in this autonews article 6 weeks into Mulally tenure mentions "quality" multiple times . 1st one is the first paragraph "Six weeks into his full-time stint as Ford Motor Co. CEO, Alan Mulally has already tweaked the automaker's product plan with a focus on improving fuel-efficiency, reliability and quality. https://www.autonews.com/article/20061110/SUB/61110080/ford-ceo-to-employees-new-product-top-priority Quote Link to comment Share on other sites More sharing options...
jpd80 Posted February 6, 2020 Share Posted February 6, 2020 2 hours ago, MKII said: I don't think akirby has read or listen to Mulally. Hard to miss the words "improve quality" spoken by Mulally over his tenure. As an example in this autonews article 6 weeks into Mulally tenure mentions "quality" multiple times . 1st one is the first paragraph "Six weeks into his full-time stint as Ford Motor Co. CEO, Alan Mulally has already tweaked the automaker's product plan with a focus on improving fuel-efficiency, reliability and quality. https://www.autonews.com/article/20061110/SUB/61110080/ford-ceo-to-employees-new-product-top-priority Pretty sure that Jim Hackett hasn't mentioned quality once in any of his public communications, he's cut the living crap out of ice products to spend on future BEVs, AVs and connectivity. 2 Quote Link to comment Share on other sites More sharing options...
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