rperez817 Posted July 30, 2020 Share Posted July 30, 2020 Presentation for earnings call July 30, 2020. https://s23.q4cdn.com/799033206/files/doc_financials/2020/q2/Ford-2Q2020-Earnings-Presentation.pdf Highlights. Adjusted FCF of negative $5.3B, down $5.5B, driven by an Adj. EBIT loss, unfavorable timing differences and negative working capital Q2 revenue of $19B, down 50%, driven by lower volume Adjusted EBIT of negative $1.9B, down $3.6B Q2 net income of $1.1B, including $3.5B in special items, primarily gains on transaction with Argo AI and Volkswagen Quote Link to comment Share on other sites More sharing options...
mackinaw Posted July 30, 2020 Share Posted July 30, 2020 Much better results than first predicted. Tim Stone, Ford's CFO, warned of a possible 5 billion dollar loss earlier this year. It's nowhere near that. Stone also said that Ford has gotten 150,000 orders for the Bronco (which I gather is different than reservations). https://www.detroitnews.com/story/business/autos/ford/2020/07/30/ford-earnings-better-than-expected/5544358002/ Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 4 hours ago, mackinaw said: Much better results than first predicted. Tim Stone, Ford's CFO, warned of a possible 5 billion dollar loss earlier this year. It's nowhere near that. Stone also said that Ford has gotten 150,000 orders for the Bronco (which I gather is different than reservations). https://www.detroitnews.com/story/business/autos/ford/2020/07/30/ford-earnings-better-than-expected/5544358002/ Those results certainly exceeded expectations. I thought forsure they would post a loss for the second quarter. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted July 31, 2020 Share Posted July 31, 2020 4 minutes ago, Oacjay98 said: Those results certainly exceeded expectations. I thought forsure they would post a loss for the second quarter. They did but it wasn’t as bad as they thought it would be, at least a lot of the blood letting is behind them.....we hope, Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 1 hour ago, jpd80 said: They did but it wasn’t as bad as they thought it would be, at least a lot of the blood letting is behind them.....we hope, Yes we sure do hope, especially up here in Canada with the Unifor auto talks just around the corner! Quote Link to comment Share on other sites More sharing options...
jpd80 Posted July 31, 2020 Share Posted July 31, 2020 17 minutes ago, Oacjay98 said: Yes we sure do hope, especially up here in Canada with the Unifor auto talks just around the corner! Saying a prayer for you guys, hoping you get some fresh products in the new contract 1 Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 39 minutes ago, jpd80 said: Saying a prayer for you guys, hoping you get some fresh products in the new contract Thanks brother, hope so!! It’s gonna be interesting to say the least!! 1 Quote Link to comment Share on other sites More sharing options...
passis Posted July 31, 2020 Share Posted July 31, 2020 I 5 hours ago, Oacjay98 said: Thanks brother, hope so!! It’s gonna be interesting to say the least!! I read that Canada might get BEV production. Do you also hear this rumour? Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 7 hours ago, passis said: I I read that Canada might get BEV production. Do you also hear this rumour? No I haven’t heard that rumor. Quote Link to comment Share on other sites More sharing options...
passis Posted July 31, 2020 Share Posted July 31, 2020 1 hour ago, Oacjay98 said: No I haven’t heard that rumor. It might have been here that I saw: https://www.google.com/amp/s/fordauthority.com/2020/07/will-the-canadian-government-step-in-to-save-the-ford-oakville-plant/amp/ If that is the case, not bad I guess Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 (edited) 58 minutes ago, passis said: It might have been here that I saw: https://www.google.com/amp/s/fordauthority.com/2020/07/will-the-canadian-government-step-in-to-save-the-ford-oakville-plant/amp/ If that is the case, not bad I guess I keep hearing all this BS about Ford Oakville because of one reporter. FORD has said nothing. Contract talks start in a couple of weeks I will keep everyone in here from the US plants posted. You guys will probably read about it anyways. We are working steady right now. Between 8 and 10 hours. Parts shortages have reduced production abit. I’m not gonna worry about anything til the contract is laid out on the table. Edited July 31, 2020 by Oacjay98 2 Quote Link to comment Share on other sites More sharing options...
FordBuyer Posted July 31, 2020 Share Posted July 31, 2020 Since Oakville builds big CUVs and Flat Rock can't, I don't see how Ford can threaten Oakville with closing. Furthermore, Canada has a better handle on this virus as we are the worst in the world. And Mexico is a real hot spot like us with numbers going up. Don't see that Ford has a ton of leverage here. On top of that, CR gives Edge/Nautilus recommended status. So this plant has good reputation for quality. 1 Quote Link to comment Share on other sites More sharing options...
Oac98 Posted July 31, 2020 Share Posted July 31, 2020 40 minutes ago, FordBuyer said: Since Oakville builds big CUVs and Flat Rock can't, I don't see how Ford can threaten Oakville with closing. Furthermore, Canada has a better handle on this virus as we are the worst in the world. And Mexico is a real hot spot like us with numbers going up. Don't see that Ford has a ton of leverage here. On top of that, CR gives Edge/Nautilus recommended status. So this plant has good reputation for quality. Why can’t flat rock build CUVs??? I just want to get the contract over with. I agree with your post, hope it all goes well Quote Link to comment Share on other sites More sharing options...
jpd80 Posted July 31, 2020 Share Posted July 31, 2020 1 hour ago, Oacjay98 said: Why can’t flat rock build CUVs??? I just want to get the contract over with. I agree with your post, hope it all goes well It's been stated before that the equipment doesn't have enough room for the taller bodies. Quote Link to comment Share on other sites More sharing options...
Oac98 Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, jpd80 said: It's been stated before that the equipment doesn't have enough room for the taller bodies. Thanks for the clarification. OAC certainly does this place is 5.4 million square ft and has the room seeing as how like MAP it used to be two separate plants. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted August 1, 2020 Share Posted August 1, 2020 21 minutes ago, Oacjay98 said: Thanks for the clarification. OAC certainly does this place is 5.4 million square ft and has the room seeing as how like MAP it used to be two separate plants. That's right, OAC had a car plant and a truck plant where MAP used to be SUVs and Wayne was Focus Quote Link to comment Share on other sites More sharing options...
akirby Posted August 1, 2020 Share Posted August 1, 2020 35 minutes ago, Oacjay98 said: Thanks for the clarification. OAC certainly does this place is 5.4 million square ft and has the room seeing as how like MAP it used to be two separate plants. It’s not floor space. There are some structures in the plant that are not tall enough for a truck or utility to pass under. It could be fixed with a major rebuild. Why on earth you would ever build a plant with such a restriction is mind boggling. We’re talking about a coupe of feet at most. 3 Quote Link to comment Share on other sites More sharing options...
Oac98 Posted August 1, 2020 Share Posted August 1, 2020 56 minutes ago, akirby said: It’s not floor space. There are some structures in the plant that are not tall enough for a truck or utility to pass under. It could be fixed with a major rebuild. Why on earth you would ever build a plant with such a restriction is mind boggling. We’re talking about a coupe of feet at most. I agree with you on that one, I really wonder why they did that. Quote Link to comment Share on other sites More sharing options...
Oac98 Posted August 1, 2020 Share Posted August 1, 2020 (edited) 1 hour ago, jpd80 said: That's right, OAC had a car plant and a truck plant where MAP used to be SUVs and Wayne was Focus Yup F-150 was the last truck product there. In the van plant it was the Windstar/Freestar. Now the truck plant is Body 1 Body 2 and Paint shop. Other side is Trim Chassis Body 3 and Final Edited August 1, 2020 by Oacjay98 Quote Link to comment Share on other sites More sharing options...
AGR Posted August 1, 2020 Share Posted August 1, 2020 12 hours ago, akirby said: It’s not floor space. There are some structures in the plant that are not tall enough for a truck or utility to pass under. It could be fixed with a major rebuild. Why on earth you would ever build a plant with such a restriction is mind boggling. We’re talking about a coupe of feet at most. Well, it was built in the mid to late 1980s, before even the SUV craze. Heck, Ford was still building Escort, Taurus, and Country Squire station wagons! Quote Link to comment Share on other sites More sharing options...
ausrutherford Posted August 1, 2020 Share Posted August 1, 2020 Just add extra Bronco capacity in Canada.... 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted August 1, 2020 Share Posted August 1, 2020 1 hour ago, AGR said: Well, it was built in the mid to late 1980s, before even the SUV craze. Heck, Ford was still building Escort, Taurus, and Country Squire station wagons! Looked up the History-the area was developed as a casting site for Ford in 1972 and Mazda built the assembly plant in 1985 Quote Link to comment Share on other sites More sharing options...
akirby Posted August 1, 2020 Share Posted August 1, 2020 2 hours ago, AGR said: Well, it was built in the mid to late 1980s, before even the SUV craze. Heck, Ford was still building Escort, Taurus, and Country Squire station wagons! 1928 Model A. Just sayin...... Quote Link to comment Share on other sites More sharing options...
mackinaw Posted August 1, 2020 Share Posted August 1, 2020 2 hours ago, silvrsvt said: Looked up the History-the area was developed as a casting site for Ford in 1972 and Mazda built the assembly plant in 1985 The Flat Rock plant was a big deal in southeast Michigan back in the 80's. This is when the Japanese (Honda and Toyota) were also building plants in the U.S. Probably because of their close ties to Ford, Mazda chose SE Michigan. The workers were also represented by the UAW (in contrast to Honda and Toyota). Haven't been by the plant in years. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted August 1, 2020 Share Posted August 1, 2020 21 hours ago, jpd80 said: It's been stated before that the equipment doesn't have enough room for the taller bodies. It's not the equipment, it's the building itself. In hindsight Mazda was incredibly short sighted when they designed that plant but 30 years ago nobody would have expected the sedan market to contract as much as it has in the last 5. Quote Link to comment Share on other sites More sharing options...
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