CNNC and Reuters are going to run out of champagne.
Whoo boy. That’s a big big number. It’s only a small piece of this disaster. Unbelievable that this was allowed to happen.
Ford lost $1.9 billion in the fourth quarter of 2019 - before Covid. Companies should not be allowed to blame everything on Covid.
If they only had a bunch of electric cars ready to sell.......
Yeah, but think how much you can make selling surplus ventilators on eBay...
I’ve got three F-150’s on order for the company I work for. Doing my part.
peanuts compare to what is coming in the second quarter.
How much of this is because supply chain issues from China disrupted production even before we ‘sniffled’ here?
(note date)
“Automakers are scrambling to find parts and prevent shortages in their supply chains as the spread of the coronavirus rattles markets and threatens to roil manufacturing processes globally.
For industries such as automotive, one kink in the supply chain can cause widespread disruption and quickly cost millions or billions in lost production.
The coronavirus already has taken its toll on automotive stocks.
Hard to feel bad for Ford. How about have the dealers reduce the price of their way over priced trucks. My wife graduated high school in NJ in 1991. Her friends father worked at the Ford Edison NJ manufacturing plant. She was a given Ford Probe brand new for her graduation gift. Sticker price 19K +. Her dads Z plan - paid out the door At the dealer for 9K + tax, etc. Sticker prices are a made up number and grossly over inflated.
According the Chicken Freepers everything will be fine, the economy will pick right up, business will adjust, so we just need to ride this thing out until our experts tell us it is safe.
etc.
I double dog dare you to find a chest freezer.
They’re 60-90% manufactured in the US. They’re sold out due to the panic hoarders. Those electronic bits? MIC. Good luck getting a new one any time soon...
Ditto control panels for stoves, refrigerators and anything else ‘manufactured’ in the US but really assembled here with parts from elsewhere.
Now is the time to buy Ford Stock, $5.15/share.
Maybe they should offer zero interest car loans.
Can it’s stock go any lower? They will be a penny stock.
sell some of the stock they spent billions repurchasing
Its sales and assembly plants in China, perhaps?
I thought Ford was making ventilators. How much $$$$ are they making off that?
When people are let loose again, they’ll want to reward themselves with new cars. Ford will be crying because they can’t keep up with the demand. Geez, if it’s not on thing to whine about it’s another.
Ford has two successful lines.
F150
Mustang
Chevy has even more problems