Ford Q3 2023 earnings

[rperez817]

Ford-Again-Attracts-New-Customers-Drives-Growth-in-Q3-Company-Changing-How-it-Works-to-Improve-Quality-Costs.pdf (q4cdn.com)

 

Highlights.

• Third-quarter revenue rises 11% year-over-year to $44 billion; net income of $1.2 billion compares to a year-ago loss of $827 million; adjusted EBIT increases to $2.2 billion
• Delighting Ford Pro commercial customers with leading vehicles and services produces higher revenue, significantly better EBIT and double-digit EBIT margin
• Ford Blue again shows the strength and durable upside of its gas and hybrid vehicles, with higher revenue, EBIT and EBIT margin
• Ford Model e reports 44% higher shipments of electric vehicles, 26% revenue growth; operating loss exacerbated by EV price pressure
• Ford withdraws 2023 guidance with ratification of tentative U.S. labor agreement pending

 

[Dequindre]

Ford Model e continues to hemorrhage money. 

[jpd80]

4 hours ago, Dequindre said:

Ford Model e continues to hemorrhage money. 

Of course it is, Ford is spending $50 billion on BEV assets, there’s no way it will become profitable in this decade.

[DeluxeStang]

4 hours ago, Dequindre said:

Ford Model e continues to hemorrhage money. 

Give them some time man. You don't just instantly profit on a 50 billion dollar investment. Ford has three EV models right now, in 5-7 years, they'll have a ton of electric Lincoln and Ford ev offerings all based on most cost efficient dedicated platforms. If they're still losing money by that point, yeah, there are problems. But I'm willing to bet that won't be the case.