[InCogKneeToe]

I'd rather see GM plow that money back into operations right now.

Good for Ford - impressive metrics over last year. Though I do find GM's additional billion in profit over Ford ($1.7B in Q2 profits, $4.6B YTD) to be be better vs. Fords $.7B Q2 profit ($2.4B loss YTD). Though Ford did have a $2.4B hit in Q2 to adjust for their Rivian stock losses, so pretty good results without that.

I'm sure the IC division of Ford, which probably contributed much of these profits, are cheering the results: Ford CEO Farley Says Automaker ‘Absolutely Has Too Many People’ (msn.com)

I hate being Nit Picky, but wouldn't Mary's Massive Salary also do so much more for R+D in this time of Change?

I get that Ford's Stock is different than Most, as the Ford Family owns a Majority of Voting Shares, however, The Ford Family also has the Most Invested in the Company. From right back in a Garage in the 1800's.

Mary, ye did work her way up from the Engineering Floor, but I truly believe in Merital Wage compensation, and so far, Mary is Smoke and Mirrors and Promises. She will be Retired before those Promises see the Light of Day, if they ever do.

 

[InCogKneeToe]

Stellantis posts record first half profit margin ahead of EV reveals

Stellantis posts record first half profit margin ahead of EV reveals

High vehicle transaction prices drove a record 14.1% adjusted operating income margin, up from 11.4%.

www.detroitnews.com

Stellantis NV posted record financial results globally and in North America in the first half of the year, setting up the remainder of 2022 when the automaker, in its second year of existence, will share more details on the electric vehicles it will sell in North America under the Dodge, Jeep and Ram brands.

Stellantis year-over-year had declining sales from a global microchip shortage and other parts crunches. But high vehicle transaction prices drove a $8.2 billion (8 billion euro) net profit, up 34% year-over-year, on $90 billion revenue (88 billion euro), a 17% increase. A $12.7 billion (12.4 billion euro) adjusted operating income represented a record 14.1% group-wide margin compared to 11.4% a year ago.

So Ford Topped Estimates, Stellantis Posts Record, and GM falls short. But MB is worth every cent of pay?

Mary started with a Clean Sheet Company "New GM" and where has it gone? She promises to Lead the EV World, but when? I just don't see her Magic, I am sorry. Promises aren't Product.

Ford for example are basically 2 years into the Mach E, 1 Year into the Lightning/Transit BEV, longer in the Escape HEV, and only now at the Break Even point, yet GM is Leading and will be profitable with the Hummer EV?

 

[InCogKneeToe]

GM CEO Mary Barra is again Detroit's highest-paid auto executive. See how much she made

Kalea Hall
The Detroit News

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General Motors Co. CEO Mary Barra was paid $29.1 million, the automaker reported in a Securities and Exchange Commission filing Friday.
Barra's pay increased from her 2020 compensation of $23.7 million. She maintained her position as the highest paid CEO among the Detroit Three automakers in 2021. Ford Motor Co. CEO Jim Farley received $22.8 million in total compensation during his full year as head of the Dearborn automaker. Stellantis NV CEO Carlos Tavares received $21.5 million in total compensation last year.

Automakers were profitable in 2021 despite constant production shutdowns as a result of supply shortages mostly related to a global shortage of semiconductors or microchips used throughout the vehicle to power everything from the heated seats to the infotainment system.
GM made $10 billion in 2021. Ford Motor Co. in 2021 booked $17.9 billion in profit bolstered by $9.1 billion in gains on its investment in electric-vehicle startup Rivian Automotive Inc. And Stellantis NV made $15 billion during its first year of existence after Fiat Chrysler Automobiles NV and French rival Groupe PSA merged in January 2021.

GM CEO Mary Barra is again Detroit's highest-paid auto executive. See how much she made

Barra's pay increased from her 2020 compensation of $23.7 million.

www.detroitnews.com

Crazy Number for All involved but Mary's statement last year.

Barra announced on an earnings call earlier this week that executive compensation would now be tied to hitting EV goals.

"This is the right time to directly link a significant part of the long-term compensation for me and every other GM executive to meeting our EV goals," she told investors. "Starting this year, we have added metrics for EV volumes in North America, EV launch timing and EV launch quality to our existing EBIT-margin and total shareholder return measures."

What are the "Goals"? 27907 Bolts in 2021(0 in the last quarter and only 1200 more than 2020 model year) and 1 Hummer EV.

 

[InCogKneeToe]

I just read in Canadian Auto Dealer that the Global Vehicle Market is returning to 2017 levels and should reach 2017 levels by 2024. They also show that the only market growing is EV. EV's accounting for basically 0 sales in 2017 and maybe 5% in 2020 (Globally).

Region	2020	2019	2018	2017	2016	2015	2014	2013
Europe (EU+UK+EFTA)	11,961,200	15,805,800	15,624,500	15,631,700	15,131,700	14,201,900	13,006,500	12,308,200
Russia*	1,598,800	1,759,500	1,800,600	1,595,700	1,425,800	1,601,200	2,491,400	2,777,400
USA*	14,450,800	16,965,200	17,215,200	17,134,700	17,465,000	17,386,300	16,435,300	15,531,600
Japan	3,810,000	4,301,100	4,391,200	4,386,400	4,146,500	4,215,900	4,699,600	4,562,300
Brazil*	1,954,800	2,665,600	2,475,400	2,176,000	1,988,600	2,480,500	3,333,400	3,579,900
India	2,435,100	2,962,100	3,394,700	3,229,100	2,966,600	2,772,700	2,570,500	2,554,000
China	19,790,000	21,045,000	23,256,300	24,171,400	23,693,400	20,047,200	18,368,900	16,303,700
*Light vehicles		–	–	–	–	–	–	–
Combined:	56,000,700	65,504,300	68,157,900	68,325,000	66,817,600	62,705,700	60,905,600	57,617,100

That is still over 55 MILLION ICE Vehicles by 2024, and less than 13 Million EV's. If GM is going to be 100% EV in the future, even though it is the "Growing Market" it is just a fraction of the overall Market, they have to bring their A Game, not just Promises, and they have to bring it Now. The Market won't get much bigger, and the ICE demand isn't going smaller

 

[InCogKneeToe]

The problem with this trend is the availability wasn't there. Meaning no Ultium plants and VW, Ford, etc. equivalents - the sales were small because there wasn't much to buy, and most of what was there, excluding Tesla, was heavily leaning toward "science project" which appeals to a limited group. We won't really know until these mainstream products start hitting en masse.

VW ID.4 has 153 Days Supply, Show me anything "Tesla" close to that Days Supply? Chop nearly 100 off of that number @ 53. VW has 153 days of ID.4 inventory?

In fact Tesla's Numbers are crazy amidst the Supply Chain issues at 254,000 in the 2nd Quarter. https://driveteslacanada.ca/news/tesla-q2-2022-production-deliveries/

Remembering VW is the Largest Manufacture, Tesla is a New Comer and EV only.

 

[InCogKneeToe]

This has me thinking.......

If a conservative, everyday "practical" EV has trouble finding buyers, but not a Tesla; has the industry been fooled into thinking there is more demand for "practical" EV's than there really is?

A Fad. A Statis Symbol, A Ticket to a Higher Society.

Has alot more to do with the trend than Practical Transportation IMO.

Nothing against Americans, however I live on a Border Town, it is a Main Access for Tourism Travel to Canada. I have watched for many years with amazement, American Travellers coming into Canada in Motorhomes towing Boats to fish our Lakes. There are many convos of 3-5 Identical Motorhomes towing Identical Boats, racing to be first in line. Sometimes there is 1 that has a 2' longer boat (same brand) with 50 extra HP Motor on the back. Why?

 

[InCogKneeToe]

Honestly, I believe that "Most" of the major component Chips are available, or it seems that way anyways. There are some constraints like Stop/Start, Rear Seat HVAC Controls, Multi Contour Seats. But the Vehicles can be built and sold without these features (Fords anyways)

That said, Sales Numbers will start showing signs of gaining ground, but Dealers Lots and Factory Orders will still require some time as all of the Back Orders are filled.

 

[InCogKneeToe]

Back to Ford's Profits.

They are going to Grow also. The Price Increase, F Series Invoiced after May 15th, are just starting to roll onto Dealers Lots. And the Price Increase is signifigant. $3500 CDN$$m while Demand is steady.