fuzzymoomoo Posted October 28, 2020 Share Posted October 28, 2020 https://www.detroitnews.com/story/business/autos/chrysler/2020/10/28/ford-fiat-chrysler-earnings-third-quarter/6047967002/ Please, tell me again how the company will be out of business soon ? 5 2 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 28, 2020 Share Posted October 28, 2020 Given what is coming out over the next year and half or so, hopefully this is the proverbial turning of the corner we’ve been waiting for almost two head now. 4 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted October 28, 2020 Author Share Posted October 28, 2020 1 hour ago, silvrsvt said: Given what is coming out over the next year and half or so, hopefully this is the proverbial turning of the corner we’ve been waiting for almost two head now. It really shuts down the argument that some had last week that the dividend was gone forever and Ford won't exist within a few years. 2 Quote Link to comment Share on other sites More sharing options...
Oac98 Posted October 28, 2020 Share Posted October 28, 2020 2021 Bronco and F-150 will help Ford maintain profitability in 21. Explorer as well 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted October 28, 2020 Share Posted October 28, 2020 Tell me again how 8%-10% margin is unrealistic and how killing cars would kill Ford. 3 Quote Link to comment Share on other sites More sharing options...
YT90SC Posted October 28, 2020 Share Posted October 28, 2020 56 minutes ago, Oacjay98 said: 2021 Bronco and F-150 will help Ford maintain profitability in 21. Explorer as well Explorer is a HUGE black eye right now. Warranty has to be absolutely killing profit there. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted October 28, 2020 Share Posted October 28, 2020 2 hours ago, fuzzymoomoo said: Please, tell me again how the company will be out of business soon ? Current recovery in the automotive industry is by no means guaranteed to continue in the next 6-12 months, especially if the resurgence of Covid-19 already taking place results in additional shutdowns and other impacts to the industry. Nonetheless, Ford's Q3 results represent good news and show that Jim Hackett's fitness initiatives are starting to pay off. Jim Farley is in a good position to completely transform Ford's operations, getting it out of the "old world" as Hackett said and into the new. 2 Quote Link to comment Share on other sites More sharing options...
blwnsmoke Posted October 28, 2020 Share Posted October 28, 2020 17 minutes ago, YT90SC said: Explorer is a HUGE black eye right now. Warranty has to be absolutely killing profit there. Yes, it definitely has to be. The amount of buybacks going on on the explorer forum is ridiculous. 1 Quote Link to comment Share on other sites More sharing options...
Oac98 Posted October 28, 2020 Share Posted October 28, 2020 20 minutes ago, YT90SC said: Explorer is a HUGE black eye right now. Warranty has to be absolutely killing profit there. It’s a crucial product so ford better straighten that out fast. We already know about the bad launch situation. Hopefully the ones they are building now are more refined and the issues worked out cause they sell tons of them Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted October 29, 2020 Author Share Posted October 29, 2020 53 minutes ago, rperez817 said: Current recovery in the automotive industry is by no means guaranteed to continue in the next 6-12 months, especially if the resurgence of Covid-19 already taking place results in additional shutdowns and other impacts to the industry. Nonetheless, Ford's Q3 results represent good news and show that Jim Hackett's fitness initiatives are starting to pay off. Jim Farley is in a good position to completely transform Ford's operations, getting it out of the "old world" as Hackett said and into the new. Holy shit, he actually told me how they’re still in trouble ? Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted October 29, 2020 Share Posted October 29, 2020 1 hour ago, YT90SC said: Explorer is a HUGE black eye right now. Warranty has to be absolutely killing profit there. You sure about that? Quote Link to comment Share on other sites More sharing options...
rperez817 Posted October 29, 2020 Share Posted October 29, 2020 2 hours ago, fuzzymoomoo said: Holy shit, he actually told me how they’re still in trouble ? When did you speak to Jim Hackett or Jim Farley? Are you allowed to share details of what they told you? Quote Link to comment Share on other sites More sharing options...
rmc523 Posted October 29, 2020 Share Posted October 29, 2020 24 minutes ago, rperez817 said: When did you speak to Jim Hackett or Jim Farley? Are you allowed to share details of what they told you? He’s talking about you.... 1 2 Quote Link to comment Share on other sites More sharing options...
CoolScoop Posted October 29, 2020 Share Posted October 29, 2020 4 hours ago, YT90SC said: Explorer is a HUGE black eye right now. Warranty has to be absolutely killing profit there. Maybe last year but deffinetly not now, a retail sales increase of 73.9% in Q3 with a 5% gain in market share is a pretty healthy comeback in my book! Quote Link to comment Share on other sites More sharing options...
rperez817 Posted October 29, 2020 Share Posted October 29, 2020 10 hours ago, rmc523 said: He’s talking about you.... I don't have any insider information about Ford. Everyone knows the company is still in trouble, but for details you have to talk to Ford executives. Quote Link to comment Share on other sites More sharing options...
jcartwright99 Posted October 29, 2020 Share Posted October 29, 2020 3 minutes ago, rperez817 said: I don't have any insider information about Ford. Everyone knows the company is still in trouble, but for details you have to talk to Ford executives. Can you define trouble? Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 29, 2020 Share Posted October 29, 2020 6 minutes ago, jcartwright99 said: Can you define trouble? Its in about as much trouble as Telsa making a profit without selling carbon credits. 2 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted October 29, 2020 Author Share Posted October 29, 2020 20 minutes ago, jcartwright99 said: Can you define trouble? I would rather him define everyone Quote Link to comment Share on other sites More sharing options...
rperez817 Posted October 29, 2020 Share Posted October 29, 2020 15 minutes ago, jcartwright99 said: Can you define trouble? Yes sir, Jim Hackett defined it in terms of Ford's biggest challenge. "I don’t think this company can keep straddling the old and new worlds forever... This company has to change" There is a lot to work remaining until Ford is "fit" again, the good news as I mentioned earlier is that what Hackett has done since 2017 has turned Ford around. Jim Farley mentioned this in the Q3 earnings call. "We haven’t suddenly fixed the issues in our automotive business, but we have a clear turnaround plan to get that done." 1 Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 29, 2020 Share Posted October 29, 2020 19 minutes ago, rperez817 said: Yes sir, Jim Hackett defined it in terms of Ford's biggest challenge. "I don’t think this company can keep straddling the old and new worlds forever... This company has to change" There is a lot to work remaining until Ford is "fit" again, the good news as I mentioned earlier is that what Hackett has done since 2017 has turned Ford around. Jim Farley mentioned this in the Q3 earnings call. "We haven’t suddenly fixed the issues in our automotive business, but we have a clear turnaround plan to get that done." Changing too soon isn't going to help the company...there is going be switchover to BEVs, but that isn't going happen overnight. I can see it accelerating in 10 years, but you still have 10 years of product to develop now (since the development process takes 3-5 years prior to a product coming out) to make it to that point. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted October 29, 2020 Author Share Posted October 29, 2020 34 minutes ago, silvrsvt said: Changing too soon isn't going to help the company...there is going be switchover to BEVs, but that isn't going happen overnight. I can see it accelerating in 10 years, but you still have 10 years of product to develop now (since the development process takes 3-5 years prior to a product coming out) to make it to that point. We've yet to see evidence of it but one thing Hackett was trying to implement was faster product development. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 29, 2020 Share Posted October 29, 2020 1 minute ago, fuzzymoomoo said: We've yet to see evidence of it but one thing Hackett was trying to implement was faster product development. Well because it takes about three years 1 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted October 29, 2020 Author Share Posted October 29, 2020 3 minutes ago, silvrsvt said: Well because it takes about three years He wanted to shorten it up to about 18 months IIRC. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted October 29, 2020 Share Posted October 29, 2020 5 minutes ago, fuzzymoomoo said: I would rather him define everyone Ford employees, investors, dealers, customers, automotive industry analysts, and other stakeholders who interact with Ford in any way. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted October 29, 2020 Share Posted October 29, 2020 3 minutes ago, rperez817 said: Ford employees, investors, dealers, customers, automotive industry analysts, and other stakeholders who interact with Ford in any way. My god you expend so much energy being negative about Ford. 1 Quote Link to comment Share on other sites More sharing options...
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