Jump to content
  • Drew Dowdell
    Drew Dowdell

    Ford Zooms Past Earning Estimates

      ...$801 million in Earnings...

    Ford reported first quarter operating earnings of $801m, up $160m over the same quarter last year.  The company says that it expects this quarter to be the strongest quarter of the year due to seasonal factors and major product launches later this year.  However, the company says it still expects to finish 2019 better than 2018.

    Outside of North America, Ford is still losing money, but those losses are shrinking.  Ford recently announced a restructuring plan for Europe that included over 6,000 layoffs. 

    Also in the earnings report, Ford revealed that the company is subject to a criminal investigation by the Justice Department due to its emissions certifications. We recently reported that Ford had launched its own internal investigation into its emissions certification process

    Ford's stock rose more than 6% in premarket trading. 

    • Like 1


    User Feedback

    Recommended Comments

    I wish I could have bought Ford stock a month ago.  I had an inclination it would go this way for them. Plus their dividend was excellent. 

    • Like 1

    Share this comment


    Link to comment
    Share on other sites
    23 minutes ago, balthazar said:

    Federal probe into Ford's emissions just announced...

    yes, it was in the article above and the earnings report. 

     

    Share this comment


    Link to comment
    Share on other sites

    This kind of news is always good news, regardless of brand fandom. Ditching their cars (for now) and cutting loose money loss markets overseas will help them in the long run. 

    • Upvote 1

    Share this comment


    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By dfelt
      20190505_110414-mp4.mp4
      Mother’s Day weekend was a busy one. The kids had planned out the whole Sunday for the wife and I had planned the day before to build an area with a raised garden bed for the wife. The raised bed material was bought, the area mapped out and the plan to get up early and rent a truck to pick up cedar chips and black gold compost soil was scheduled.
      Saturday morning went as I expected, up early, quick breakfast and off to be the first in line at the U-Haul rental place. Figured rather than $75 per delivery, two types of material meant $150, why not spend $19.95 for a single day rental of the truck, pick up the material myself and pocket $130 or so.
      U-Haul actually has it to mileage and other fees that made the single days truck rental $55 and change, so not as big as I expected but still roughly a $95 savings.

      Surprise was that the truck I got was a new 2019 F150 with V8 that only had 300 miles on the odometer. Having not been in a new Ford pickup in the last couple years, I was excited to see how it drove, what the fit n finish was like and over all materials.
      U-Haul trucks are your base trucks with rubberized floors, dash is all hard plastics yet they still had backup camera and the V8 engine. As such the truck had no problem even loaded down with dirt or the cedar chips moving. Over all ride was decent and I actually really loved the seats as they were very supportive to my large size and yet comfy driving from freeway to local roads, never tiring to the body. Radio was a basic am/fm with a base pair of stereo speakers. Decent and functional.

      Dash being a base truck was hard plastic, as we have seen in many videos about even top of the line Luxury auto’s, the dash did make a big amount of squeak noise. Screen size of the radio system was also very small. Yet as many folks have used the term, the truck was functional.

      Fit n Finish was very tight, did not find any large panel gapes or errors in the paint job or exterior body.  I did find the very simple tie down points with already rusting bolts to be a bit surprising but it still worked and the truck had a bed so I did not have to worry about messing the truck bed up. Interesting observation is that when the truck is locked, so is the tailgate, so with a load, I had to always keep the truck unlocked so the tailgate would open and let me unload my chips and soil.
      The V8 engine was very smooth and quiet and the only drawback was the weird auto stop / start. If you’re in normal traffic it works just as GMs systems have worked with turning off and on the engine. Yet sit in one place too long and then release the brake pedal and you get a message on the center dash screen saying you have been stationary too long and must put the transmission in park and then back to drive before engine will start back up. Even with following their directions, it seemed the engine did not want to start back up forcing me to put it into park and then manually starting the truck again.


      Other than that single issue, the truck worked and the backup camera was nice to have to get as close as possible to the wife’s new raised veggie garden.

      Hit me up with any questions you have about the truck or my project. Yes I did take out the grass the weekend before so my cedar chips are 3-4 inches deep.
    • By Drew Dowdell
      Ford said that it would be cutting a shift from its Essex Engine Plant in Ontario starting in October.  Ford says the move will "better align with consumer demand".  The likely cause? Ford F-150 buyers are shifting more of their purchases away from the 5.0 liter V8.
      F-150 buyers have a choice of 5 engines when selecting a truck, the 2.7-liter Ecoboost, the 3.3-liter V6, the 3.5-liter Ecoboost, and now a 3.0-liter PowerStroke Diesel, all in addition to the 5.0-liter V8, and the customer mix appears to be skewing towards the smaller displacement engines.
      The cut in shifts will not result in job cuts as those workers will be transitioned to another engine plant to build the 7.3-liter engine due to be installed in the 2020 Ford Super Duties. That transition will happen in November of this year. 

      View full article
    • By Drew Dowdell
      Ford said that it would be cutting a shift from its Essex Engine Plant in Ontario starting in October.  Ford says the move will "better align with consumer demand".  The likely cause? Ford F-150 buyers are shifting more of their purchases away from the 5.0 liter V8.
      F-150 buyers have a choice of 5 engines when selecting a truck, the 2.7-liter Ecoboost, the 3.3-liter V6, the 3.5-liter Ecoboost, and now a 3.0-liter PowerStroke Diesel, all in addition to the 5.0-liter V8, and the customer mix appears to be skewing towards the smaller displacement engines.
      The cut in shifts will not result in job cuts as those workers will be transitioned to another engine plant to build the 7.3-liter engine due to be installed in the 2020 Ford Super Duties. That transition will happen in November of this year. 
    • By Drew Dowdell
      Tesla posted a $722M loss for the first quarter of 2019, higher than analysts expectations.  This was a swing from a 4th quarter 2018 profit of $139.5M.  Cash on hand is $1.5B lower than end of 2018, now $2.2B, partially due to a one time payment of $920M in convertible bonds that came due.
      Tesla says that is built 63,000 model 3s in the first quarter gearing up for overseas sales, though only 12,100 of those vehicle were delivered. Tesla is maintaining its projections of 360,000 to 400,000 vehicles total for the year. 
      Tesla recently announced updates to its Model S and Model X vehicles that allow them to travel further on a single charge and also charge up to 50% faster than before. These updates require the purchase of a new vehicle and cannot be simple downloads over the air.  They are also offering current owners who purchase a new Model S or Model X Performance model a free upgrade to Ludicrous Mode. Part of the reason for this upgrade is that the Model S, Model X, and Model 3 now share drive components and that simplification could yield big savings for the company. 
      Tesla is also preparing for the launch of the Tesla Model Y small crossover based on the Model 3 sedan, but deliveries of that vehicle do not start until Fall 2020

      View full article
    • By Drew Dowdell
      Tesla posted a $722M loss for the first quarter of 2019, higher than analysts expectations.  This was a swing from a 4th quarter 2018 profit of $139.5M.  Cash on hand is $1.5B lower than end of 2018, now $2.2B, partially due to a one time payment of $920M in convertible bonds that came due.
      Tesla says that is built 63,000 model 3s in the first quarter gearing up for overseas sales, though only 12,100 of those vehicle were delivered. Tesla is maintaining its projections of 360,000 to 400,000 vehicles total for the year. 
      Tesla recently announced updates to its Model S and Model X vehicles that allow them to travel further on a single charge and also charge up to 50% faster than before. These updates require the purchase of a new vehicle and cannot be simple downloads over the air.  They are also offering current owners who purchase a new Model S or Model X Performance model a free upgrade to Ludicrous Mode. Part of the reason for this upgrade is that the Model S, Model X, and Model 3 now share drive components and that simplification could yield big savings for the company. 
      Tesla is also preparing for the launch of the Tesla Model Y small crossover based on the Model 3 sedan, but deliveries of that vehicle do not start until Fall 2020
  • Social Stream

  • Today's Birthdays

    1. Nick
      Nick
      (32 years old)
    2. RichW5
      RichW5
      (77 years old)
  • Who's Online (See full list)

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...