Ford's profits fall nearly 99% for year, due to Explorer woes

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Page 1 of 4 123 ... LastLast
Results 1 to 15 of 55

Thread: Ford's profits fall nearly 99% for year, due to Explorer woes

  1. #1
    3.0 Liter SIDI V6
    Join Date
    May 2015
    Posts
    563
    Thanks
    742
    Thanked 373 Times in 189 Posts
    My Ride
    4.3L Vortec

    Ford's profits fall nearly 99% for year, due to Explorer woes

    "Dearborn — The botched introduction of the new Explorer SUV caused what CEO Jim Hackett said would be Ford Motor Co.'s "year of execution" to fall flat, with the Dearborn automaker posting a net income of just $47 million last year — a 99% decline from 2018".

    More at the link...

    https://www.detroitnews.com/story/bu...19/4626722002/

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    7.0 Liter LS7 V8 JimmyDiablo's Avatar
    Join Date
    Jun 2012
    Location
    NY
    Posts
    4,043
    Thanks
    1,758
    Thanked 2,046 Times in 1,181 Posts

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Is that a typo?! I thought f150 was the sole source of all their profits..

  4. The Following 3 Users Say Thank You to JimmyDiablo For This Useful Post:

    CJH (02-06-2020),jzchev28 (02-08-2020),ksss (02-06-2020)

  5. #3
    Firebird Concept (the turbine one) VS Ute 5Litre's Avatar
    Join Date
    Oct 2009
    Location
    Wagga NSW
    Posts
    11,966
    Thanks
    524
    Thanked 2,087 Times in 1,345 Posts
    My Ride
    MY16 Holden Colorado LS-X Man

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    I did see a link a little while ago claiming Ford was looking at heading to bankruptcy inside of 5 years if they don't stem the flow of red ink
    Who the hell approved this abomination? Hidden Content

    I bet it was some dumbarse in Detroit Hidden Content

  6. Remove Advertisements
    GM Inside News
    Advertisements
     

  7. #4
    6.2 Liter LS9 Supercharged V8 Premium Member jzchev28's Avatar
    Join Date
    Oct 2005
    Location
    Toledo, OH
    Posts
    5,374
    Thanks
    6,903
    Thanked 2,341 Times in 1,212 Posts
    My Ride
    2014 Silverado Z71 Blue Topaz
    Wow, I hope Ford is in better shape than this article seems to paint, if not...yikes

  8. The Following User Says Thank You to jzchev28 For This Useful Post:

    eklauss (02-07-2020)

  9. #5
    6.0 Liter L76 V8
    Join Date
    Apr 2003
    Posts
    2,448
    Thanks
    515
    Thanked 875 Times in 384 Posts

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by jzchev28 View Post
    Wow, I hope Ford is in better shape than this article seems to paint, if not...yikes
    It is amazing that a long-time vehicle manufacturer such as Ford was unable or unwilling to launch a new vehicle without so many problems.

    I had posted prior news articles in another thread about the Chicago assembly plant that was experiencing significant problems, caused by its UAW employees. I suspect that is the real reason for so many problems with the failed launch of the new vehicles.

  10. The Following 4 Users Say Thank You to 1999 White C5 Coupe For This Useful Post:

    eklauss (02-07-2020),jzchev28 (02-08-2020),mbukukanyau (02-08-2020),Neanderthal (02-07-2020)

  11. #6
    6.0 Liter L76 V8
    Join Date
    May 2005
    Location
    Australia
    Posts
    2,242
    Thanks
    585
    Thanked 258 Times in 157 Posts
    My Ride
    Citroen Activa, Mazda Bubble.

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by VS Ute 5Litre View Post
    I did see a link a little while ago claiming Ford was looking at heading to bankruptcy inside of 5 years if they don't stem the flow of red ink
    Without predicting a timeline, many would likewise question GM's future independance
    ....
    Think Global - Ride on Spheres
    ....

  12. #7
    Firebird Concept (the turbine one) VS Ute 5Litre's Avatar
    Join Date
    Oct 2009
    Location
    Wagga NSW
    Posts
    11,966
    Thanks
    524
    Thanked 2,087 Times in 1,345 Posts
    My Ride
    MY16 Holden Colorado LS-X Man

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by nota View Post
    Without predicting a timeline, many would likewise question GM's future independance
    I think it will take much longer


    Ford needs something to change and quickly

    I believe we are heading towards a recession not a good place to be if you have credit problems

    https://www.ccn.com/why-bankruptcy-f...motor-company/
    Last edited by VS Ute 5Litre; 02-06-2020 at 02:49 PM.
    Who the hell approved this abomination? Hidden Content

    I bet it was some dumbarse in Detroit Hidden Content

  13. The Following User Says Thank You to VS Ute 5Litre For This Useful Post:

    nota (02-07-2020)

  14. #8
    CJH
    CJH is offline
    6.2 Liter LS3 V8 CJH's Avatar
    Join Date
    May 2010
    Location
    MinnesoTAX
    Posts
    3,607
    Thanks
    4,574
    Thanked 1,640 Times in 921 Posts
    My Ride
    Audi S4, Merc GL

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Its a brand new modular platform. If anybody thought that was going to go off w/out a hickup, you are delusional. I did not expect this level of issues, however. They're investing in a ton of new product right now, so to a certain extent, the numbers reflect that.

    Haven't they had problems with the Chicago factory for a while?
    Last edited by CJH; 02-06-2020 at 09:48 PM.
    Hidden Content Originally Posted by CJH Hidden Content
    Don't be loyal to a company, be loyal to good product and service.
    Past Rides:
    Audi A6 4.2L
    QX80 - @Big Salvage Yard in the Sky
    Audi S4 2.7TT
    Durango Limited Hemi 5.7L
    Ford Explorer 5.0L
    Pontiac Grand AM 3.4L
    Chevy Corsica 3.0L
    Toyota Tercel "Turdcel"
    Ford LTD Station Wagon 5.0L "Blue Thunder"

  15. The Following User Says Thank You to CJH For This Useful Post:

    Ed753 (02-06-2020)

  16. #9
    6.0 Liter L76 V8
    Join Date
    Jun 2006
    Location
    everywhere
    Posts
    2,000
    Thanks
    849
    Thanked 434 Times in 198 Posts
    My Ride
    07 Vette Cruze 2015 Colorado

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by nota View Post
    Without predicting a timeline, many would likewise question GM's future independance
    Only a Ford lover or GM hater would make such a statement! For you information, GM is doing great in spite of the long strike.

  17. The Following 3 Users Say Thank You to Al465 For This Useful Post:

    CMiatso DaBang (02-06-2020),eklauss (02-07-2020),jzchev28 (02-07-2020)

  18. #10
    2.8 Liter Turbocharged V6 CMiatso DaBang's Avatar
    Join Date
    Apr 2019
    Posts
    944
    Thanks
    441
    Thanked 979 Times in 443 Posts

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by Al465 View Post
    Only a Ford lover or GM hater would make such a statement! For you information, GM is doing great in spite of the long strike.
    craaaaaaaaaaaaazy.. I was amazed at the amount of post in this thread in the first place.. cause if it were a GM thread.. it would be all Doom and Gloom.
    My current crop is 2020 CT6V Fully loaded, 2016 Corvette Z06 3LT fully loaded, 2015 GMC Yukon SLT Fully loaded, 2011 Chevy Cruze (kid's) LTZ, fully loaded, 1966 Chevy Impala SS 396 4spd Muncie 3.73 gears, 2003 Harley Softail with Rinehart exhaust, 2016 Harley Night Rod Special V&H Comp

  19. The Following 5 Users Say Thank You to CMiatso DaBang For This Useful Post:

    Al465 (02-06-2020),glssmann1 (02-08-2020),impala02 (02-06-2020),jzchev28 (02-07-2020),TruckMan (02-07-2020)

  20. #11
    3.6 Liter SIDI V6
    Join Date
    Aug 2005
    Posts
    1,071
    Thanks
    58
    Thanked 100 Times in 69 Posts

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    This is a bit misleading. Its income is $47 million because of large one time charges. Ford's cash position is actually stronger now than it was 12 months ago.

  21. #12
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    29,763
    Thanks
    4,894
    Thanked 7,008 Times in 3,387 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Fords problem is lack of technology investments in Electrics and self driving technology. Rivian cannot save them fershur...

  22. #13
    R2-D2 Astromech Droid Ed753's Avatar
    Join Date
    May 2005
    Location
    Michigan
    Posts
    18,939
    Thanks
    12,381
    Thanked 8,192 Times in 4,831 Posts
    My Ride
    2018 GMC Sierra Crew 6 1/2'

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by 1999 White C5 Coupe View Post
    It is amazing that a long-time vehicle manufacturer such as Ford was unable or unwilling to launch a new vehicle without so many problems.

    I had posted prior news articles in another thread about the Chicago assembly plant that was experiencing significant problems, caused by its UAW employees. I suspect that is the real reason for so many problems with the failed launch of the new vehicles.
    Nonsense

    Quote Originally Posted by Member17739 View Post
    This is a bit misleading. Its income is $47 million because of large one time charges. Ford's cash position is actually stronger now than it was 12 months ago.
    Shhhhhhhh


    In October, Ford lowered its 2019 earnings guidance by $500 million to between $6.5 billion and $7 billion. Ford also shaved 3 cents off of the top range of its earnings per share forecast, to between $1.20 and $1.32 per share. For 2019, Ford's adjusted earnings were $6.4 billion, or $1.19 per share.

    Quote Originally Posted by CJH View Post
    Its a brand new modular platform. If anybody thought that was going to go off w/out a hiccup, you are delusional. I did not expect this level of issues, however. Their investing in a ton of new product right now, so to a certain extent, the numbers reflect that.

    Haven't they had problems with the Chicago factory for a while?
    Exactly!

    GM had ALL kinds of problems with Gen II Cruze, and the new Silverado and Sierra seems to be having more than it's fair share of "growing pains"............
    Current: Hidden Content Hidden Content

    Past: '17 Cruze; '15 F150; '14 Volt; '13 MKX; '13 Silverado; '13 Fusion; '11 Ram; '10 Commander; '08 Sierra; '07 Rendezvous; '05 Ram; '04 Grand Cherokee; '03 F150; '01 Silverado; '00 Jimmy; '99 Sierra; '97 Ram; '96 Mustang GT; '96 Jimmy; '90 Escort GT; '89 Ranger; '84 Omni; '76 Malibu; '78 LeMans; '85 Escort; '82 Lynx; '75 Sierra

  23. #14
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    29,763
    Thanks
    4,894
    Thanked 7,008 Times in 3,387 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Quote Originally Posted by Ed753 View Post
    Nonsense



    Shhhhhhhh







    Exactly!

    GM had ALL kinds of problems with Gen II Cruze, and the new Silverado and Sierra seems to be having more than it's fair share of "growing pains"............
    Tell me about Toyota problems sometimes when you get a chance

  24. #15
    2.4 Liter SIDI ECOTEC ksss's Avatar
    Join Date
    Oct 2011
    Location
    Idaho
    Posts
    224
    Thanks
    98
    Thanked 123 Times in 68 Posts
    My Ride
    2018 Chevy 3500 CC, LB Duramax

    Re: Ford's profits fall nearly 99% for year, due to Explorer woes

    Actually I think the Silverado and Sierra are doing fine. I think Ram has had a far harder time than GM has with its new pickup.
    2015 Chevy Camaro ZL1 AGM/2019 Chevy Camaro ZL1/1LE on order.
    2018 Chevy 3500 CC LB SRW Duramax
    2018 Chevy Colorado ZR2

  25. The Following 2 Users Say Thank You to ksss For This Useful Post:

    eklauss (02-07-2020),jzchev28 (02-07-2020)

  26. Remove Advertisements
    GM Inside News
    Advertisements
     

Page 1 of 4 123 ... LastLast

Thread Information

Users Browsing this Thread

There are currently 2 users browsing this thread. (1 members and 1 guests)

  1. DMARK

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2