- First Name
- Ray
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I hate it when intelligent people start throwing facts around and screw-up my delusionary theories.No. They are not in "deep financial stress". They beat market expectations in Q1 significantly and their performance in fleet and legacy auto sales have more than offset their losses in the electric vehicle market.
In Q2, Ford was again America's top selling domestic brand and they saw an 11% YoY increase in net sales through the first 6 months of 2023.
Cash flow from operations and adjusted free cash are $5.0 billion and $2.9 billion, respectively. Ford’s balance sheet, with nearly $30 billion of cash and more than $47 billion of liquidity at the end of Q2, both of them up sequentially and year-over-year.
Ford Pro and Blue are going very strong and carry the debt created by the EV operations, which Ford has predicted and continued to maintain - will become profitable for the company in 2026.
Can you provide any links where Ford is in deep financial distress? As a shareholder I would be extremely interested in the information as it contradicts what I've heard on the most recent earning calls.
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