Haley Cawthon’s Post

Ford's Q2 Earnings Ford Motor Company has reported its Q2 earnings, reflecting the challenges and adjustments in the automotive industry. Here are the key highlights: Key Points: – Earnings Per Share (EPS): 47 cents adjusted vs. 68 cents expected – Automotive Revenue: $44.81 billion vs. $44.02 billion expected Stock Performance: Ford's stock is up about 15% this year Detailed Insights: – Resilient Pricing: Despite lower-than-expected earnings, pricing in the automotive industry has remained more resilient than anticipated. – Electric Vehicle Transition: As the transition to electric vehicles (EVs) progresses slower than anticipated, Ford has adjusted its product plans to focus less on all-electric vehicles and more on hybrids. – Production Plans: Ford recently announced plans to expand production of its large Super Duty trucks to a Canadian plant previously set to be converted into an all-electric vehicle hub. Ford continues to navigate the evolving automotive landscape, balancing between traditional and electric vehicle markets. The company's strategic adjustments highlight its commitment to adapting to market demands and driving future growth. 🔗 Read the full article: https://lnkd.in/gi5Yyunc #Ford #EarningsReport #AutomotiveIndustry #ElectricVehicles #BusinessNews #MarketTrends

The pic is from Ford Motor Company's Q3 results. Some established giants still struggle at times to make a buck from EVs, even with lowered costs from economies of scale, battery prices etc... The Q3 Financial Report shows Ford's electric car division lost $1.22 billion ($1.8b AUD) in three months. Q3 costs were down YoY by $500 million. The "expected industry wide pricing pressure" refers to bonuses Ford put on the bonnet to drive the discounts. However in this case it's one the company won't mind wearing so much: It's been subsiding chargers and their installation for customers, a smart play to drive loyalty. Generous, but it's also not a tactic that exists in a vacuum. As my Cox Automotive Inc. colleagues in the US noted in their Q3 EV report (link below) released this week, Q3 incentives "averaged more than 12% of the average transaction price, much higher than the industry-wide average of approximately 7%". It's not that EVs can't be profitable. It's just that right now many OEMs are having to underwrite discounts or other incentives to drive volume amid a price war. Today's intense competition, coupled with the challenge of finding new buyers, is bringing unmatched cost challenges. Hopefully the worm turns. The E-Transit I sat in yesterday in Melbourne is super fit for purpose, and the F-150 Lighting is super impressive (AUSEV®). The product seems good and the brand value is undeniably high. Link to the Cox US research: https://lnkd.in/gm6ht8Qh Stephanie Valdez Streaty Stephen Lester Cox Automotive Australia #ev

Ford Motor Company's resolve to tap the brakes on EV spending, double down on hybrids and focus on products that can generate profits quickly is a watershed moment that can potentially reduce near-term financial risk and strengthen the profit and cash flow metrics that raters intensely monitor. Ford's balance sheet is positioned similarly to rival General Motors, making improvements to the Model e and Blue units vital to strengthening risk views that are somewhat elevated. https://lnkd.in/e3EMea-p

Ford tops Q1 2024 earnings despite pricing pressure weighing on its EV unit Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024. Ford shifts EV strategy amid sales upswing Despite EV sales surging 86% to 20,233 in the first three months of 2024, Ford is pulling back. All Ford electric https://lnkd.in/gKpDuwJX

A major about-face among US manufacturers, in a concession to a reality that has become increasingly hard to ignore. AEG cost studies suggested the EV operating costs were higher than for comparable ICE cars for most segments, over much of the past 3 years. Why did Ford and so many other manufacturers push their dealers to de-prioritize 90% of the cars they sold? https://lnkd.in/edtGUgWN

Some big news as we head into a holiday weekend: Ford Motor Company is poised to reopen EV sales to its full U.S. dealer network, undoing a key (and controversial) element of its Model e certification program. It's also expected to loosen investment & other requirements to sell EVs. The changes must be approved by dealer council, which appears to be on board. https://lnkd.in/gxSmFXx5

With inflation subsiding and the market strong, consumers are finally making purchases they have been putting off for years, including new vehicles. General Motors CFO Paul Jacobson reports that sales are looking really strong, a sentiment echoed by Ford Motor Company CFO John Lawler. However, the question remains: will EV cars fly off the lots as quickly as ICE (Internal Combustion Engine) cars? Read on for more details. #AutomotiveIndustry #EV #ICE #Sales #Motorlease #WhateverItTakes

Ford tells dealers to halt EV investments while it alters certification program The Ford Model e Certified sales program requires dealers to opt in and make massive investments in infrastructure and training if they wished to sell EVs moving forward. Ford watched 50 percent of those that originally enrolled drop out. https://lnkd.in/gRMqBPwQ

Ford cuts battery orders as EV losses top $100,000 per car. Is this a typo? As EV prices have plunged, Ford’s losses per EV exceeded $100,000 in the Q1, more than double the deficit from last year, a source told Bloomberg. What I don't understand is how this is not front and center in the news? A spokesman for Ford said the company typically doesn’t comment on relationships or terms with suppliers. CATL said its “cooperation with Ford is moving forward as normal” without elaborating. SK On and LG said their contracts with Ford remain in effect but didn’t immediately address the prospect of order changes. As EV prices have plunged and demand has slackened, Ford’s losses per EV exceeded $100,000 in the first quarter, more than double the deficit from last year, one of the people said. Bloomberg Intelligence estimates the losses Ford expects to sustain in its EV unit this year will come close to wiping out the profits it earns from its Ford Blue division, which makes traditional internal combustion engine vehicles including the Bronco SUV and gas-electric hybrids such as the Maverick truck. Read the full article and share your thoughts. https://lnkd.in/eAqgyTKp

Ford cuts battery orders as EV losses top $100,000 per car. Is this a typo? As EV prices have plunged, Ford’s losses per EV exceeded $100,000 in the Q1, more than double the deficit from last year, a source told Bloomberg. What I don't understand is how this is not front and center in the news? A spokesman for Ford said the company typically doesn’t comment on relationships or terms with suppliers. CATL said its “cooperation with Ford is moving forward as normal” without elaborating. SK On and LG said their contracts with Ford remain in effect but didn’t immediately address the prospect of order changes. As EV prices have plunged and demand has slackened, Ford’s losses per EV exceeded $100,000 in the first quarter, more than double the deficit from last year, one of the people said. Bloomberg Intelligence estimates the losses Ford expects to sustain in its EV unit this year will come close to wiping out the profits it earns from its Ford Blue division, which makes traditional internal combustion engine vehicles including the Bronco SUV and gas-electric hybrids such as the Maverick truck. Read the full article and share your thoughts. https://lnkd.in/e7qxZEJT