Tag Archives: John Lawler

Ford Motor Blues – Q1 Loss of $3.1 Billion

As with GM yesterday, Ford was battered by supply chain disruptions mostly beyond its control, as well as self-created costs from the valuation of its investment in Rivian with a mark-to-market loss of $5.4 billion on the company’s investment down from $10.6 billion at the end of 2021. Strong customer demand from the ongoing Biden Administration recovery wasn’t helped by Ford’s popular vehicles because of  persistent supply chain issues that Ford was unable to adjust for. Continue reading

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Ford Posts Q1 Income of $3.3B. Semiconductors Still Difficult

The company anticipates full-year 2021 adjusted EBIT to be between $5.5 billion and $6.5 billion, including an adverse effect of about $2.5 billion from the semiconductor supply issue. Adjusted free cash flow for the full year is projected to be $500 million to $1.5 billion, a large range reflecting the uncertainty in a global economy still reeling from the Covid pandemic. Continue reading

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Milestones: Volkswagen Completes Promised Argo AI Funding

The numerous problems confronting Ford Motor and Volkswagen AG revolve around a central issue: Whether the two global giants and hundreds of thousands of workers can work together or consume shareholder capital at astonishing, company threatening rates without producing the promise efficiencies – on time and on budget. Continue reading

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New Executives For Safety, AV, Strategy, and Ford Credit

Ford Motor Company has made public the retirement of two longtime executives, new assignments for two corporate officers, and promotions to senior positions for three people at the company. Continue reading

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Ford Shakes Up Top Management. Again.

Ford Motor Company today announced leadership changes in the ongoing remake of its under-performing business (Ford Motor Company Declares Q2 Dividend of $0.15*). Joe Hinrichs is appointed president, Automotive, effective May 1. In this role, he will lead Ford’s drive to strengthen its Automotive operations and help deliver a sustainable global EBIT margin of at least 8%, about half that of the world’s leading automotive groups. Continue reading

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Ford Motor Shakes Up Senior Management During Sexual Harassment Debacle

Ford Motor Company today announced changes to its senior management team as it struggles with numerous sexual harassment charges, electrification and mobility business shifts that threaten its future. With a couple of exceptions the management team is y-chromosome male. Continue reading

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