Ford profits up

[Snagglefoot]

Profits are up but still losing money on E vehicles.

 

[GMBoy]

That is pretty much the same report going on with GM and Stelantis - just in time for the UAW contract negotiations...

 

[PimTac]

“But Ford backed away from ambitious milestones for building electric vehicles in the future. The company had said it would build at an annual rate of 600,000 this year, but now says that won't happen until next year. Ford also scrubbed a goal of building 2 billion
EVs per year by the end of 2026.”


That seems very ambitious. I suspect that number is wrong.

 

[JeffKeryk]

YOY numbers for Ford, GM and others are impressive. But do not discount that a year ago they couldn't deliver cars. One ould expect the YOY numbers to look good.

 

[Snagglefoot]

“But Ford backed away from ambitious milestones for building electric vehicles in the future. The company had said it would build at an annual rate of 600,000 this year, but now says that won't happen until next year. Ford also scrubbed a goal of building 2 billion
EVs per year by the end of 2026.”


That seems very ambitious. I suspect that number is wrong.

Yep. Must have been 2 million per year.

 

[DwightFrye]

Now if Ford could only reduce their number of recalls and resultant expenses associated with them, those increased profits would be more meaningful.