Stellantis NV is offering buyouts to salaried employees as a part of an effort to cut costs following a decline in net income during the first half of the year. The voluntary separation packages are available for non-union represented employees in... — read more
To the mo--n that keeps saying Model e is not going to make cuts
That unit has lost $2.5 billion year to date. They'll be at no less than $5 billion by EOY. If you're in Model e I'd keep my resume up to date.
And the desperation begins
https://fordauthority.com/2024/07/ford-launches-new-aged-inventory-discount-program/amp/ Uhhh, nobody wants our broken junk. They don't get it.
Ford SK and CATL battery plants
I am curious as to where Gord is going to put these batteries from the 3 plants.
Tesla Just Replaced Ford As Morgan Stanley's 'Top Pick' In U.S. Autos
Adam Jonas really gave it to Farley on the last earnings call: “Jim, you said that Ford is a different company than it was three years ago, but the stock market doesn’t really seem to agree with you at all on that…And m6 team just ran the numbers. ... — read more
For those of you with your heads still in the sand
https://www.thetruthaboutcars.com/cars/news-blog/found-on-road-dead-44508397 Ford is grappling with significant financial pressures due to a surge in recall and warranty costs, which have reached $2.3 billion in the past three months. This marks an... — read more
When is the next Ford BoD meeting? Date?
Does anyone know what date that is ?
Monday August 5th, 2024 is a lot of layoffs. This is not the f150 guy either. It is the Motor co
And Ford Credit. just did a bunch of system changes to take affect on midnight Saturday night August 3rd 2024 for system access.
The rebirth of the 1974 Ford Pinto with one update will absolutely save The Ford Motor Company
The only update needed to make the 1974 Ford Pinto an all-time seller at Ford will require moving the gas tank originally bolted to the Pinto's frame in front of the rear bumper to inside the rear lift hatch back door right behind the back seat. This... — read more
Poor Quality
My 2008 and 2016 had zero body issues. Had the 2008 for 16 years. My 2024 came with front bumper separation from grill. Rear door misaligned. Ge-z. Now I used FORscan to disable engine auto start/stop. It turns the battery warning on permanently! ... — read more
Ford Falls Apart Under Farley
https://247wallst.com/investing/2024/07/25/ford-falls-apart-under-ceo-farley/
lawsuit you can join if you own F stock
https://www.morningstar.com/news/globe-newswire/9194539/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-ford-motor-company-f
Sinking ship without a rutter or a Captain
Ford is a sinking ship without a rutter or a Captain. I sit in my directors meeting and listen to the direction from above and the directions sent to the salary engineers below. It is clear the senior leaders have no plan and are out of touch. Every... — read more
Can you get PIPed at mid year?
Not sure what to expect
Making our problems yours!
Lot Rot vehicles discounted. Dealers can keep the incentives if they hide the fact from customers. Not sure how customers benefit with this approach. More Farley marketing wisdom? Ford Authority reported back in October 2023, rising new vehicle... — read more
We will sell small EVs, whether we like it or not!
https://www.thestreet.com/electric-vehicles/ford-ceo-selling-evs
2.3 billion Ford has racked up many recalls over the last few years, and the costs are weighing down its bottom line.
Ford reported its second-quarter financial results this week and revealed that recall and warranty costs hit $2.3 billion over the last three months, costing the company $25.5 million a day.
What do you think will be the consequences of Q2 results?
I mean, any firings on the top? Change in direction? Some serious soul-searching? Or we will just continue doing bad, pretending business as usual, until everything falls apart?
Dear Bill and the BOD, Farley must be fired now
Another earnings miss. Warranty costs off the chart. Continuing to double down on EVs even though they are losers. Farley has bumbled and stumbled his entire time. There has been almost no good news for the company since he took over. He has to go... — read more
The Next Boeing?
Looks like Ford is the next disaster story.
LL4 and LL3 Base salary band ?
Anyone that could let know about the base salary ranges for LL4 and LL3 levels at Ford ? Bonus ranges too.
F-150 Guy says, "Keep making fun of me. July it is..."
F-150 Guy says, "Keep making fun of me. July it is..."
Where's the EV supporters?
Ford’s traditional business operations, known as Ford Blue, earned $1.17 billion during the second quarter, while its Ford Pro commercial business earned $2.56 billion. Its “Model e” electric vehicle unit lost $1.14 billion from April through June. — read more
I wish I haven’t heard any of this
Ford reported that Q2 EPS came in at 47 cents, down 35% compared to a year ago. Meanwhile, quarterly revenue increased 6% to $47.8 billion. Ahead of earnings, analyst consensus had Ford earnings of 68 cents per share and sales totaling $47.79... — read more
Farley: we are absolutely a different company than we were three years ago…
That’s not saying much, Farley was COO then, VP Marketing before that. Any differences are NOT improvements. He is having a hard time reading his earnings call script, must be rattled. Maybe both Farley and Old Joe will resign tonight!
Ford Motor Q2 24 Earnings today (7/24/24). Expected to blow the doors off Chevy.
Conference Call At 5:00 PM ET,
UPS: Laying off 12000, telling office workers to get their a$$e$ into the office full time
https://www.msn.com/en-us/money/other/ups-scraps-remote-work-following-layoffs-what-s-next/ss-BB1qpVz7 It's coming......
So what's with the flip flops / gym shorts / yoga pants dress code that's being more and more common on campus?
I mean, really?
Dedicated team for development of cheap EV_Farley
Earlier this year, Farley stated that there has beena team with the best engineers in the world to develop cheap EVs to compete w Tesla and BYD. Do they hire people for this project or did find the pearls in the existing Ford teams? In fact, they... — read more
Oakville
So it seems the super duty is heading to oakville. Might be a smart decision, but it's sad that ford only knows how to build trucks. Also where is u759 going?
Time to buy Ford Stock
From Barrons: https://www.barrons.com/articles/ford-stock-price-pick-1b40df64 Ford Is Making a Comeback. It’s Time to Buy the Stock. If the stock market is a race, Ford Motor is losing. But it may be ready to start closing the gap with General... — read more
Disappointing Experience with Ford Ion Park’s Hiring Process - Negotiating in Bad Faith
TL;DR: Ford Ion Park posted a job with a compensation level of HTHD GSR 7-8 ($93,900-$188,400). After interviews, they offered me $97k and a $5k signing bonus. When I negotiated, they rescinded the offer, citing cost of living in Michigan and... — read more
Zero percent financing on lightning and Mach e.
Wow. Talk about throwing the towel. Ford executives can hide all they want but the BEVs are not selling at all for them to offer this zero financing. Thanks Farley for putting all our eggs in one bev basket.
If Ford can build a vehicle like the EV9
If ford can build an ESUV like the KIA EV9, I would be impressed. This SUV quality is way beyond the Japanese vehicles, so I won't even mention the Big 3.
7-22-2024. Layoffs?????
Any more info on this????
Open letter to JF gets to the point
https://www.carpro.com/blog/an-open-letter-to-ford-ceo-jim-farley#:~:text=If%20you%20take%20anything%20away,then%20go%20full%20speed%20ahead.