https://fordauthority.com/2024/02/ford-incentives-heavily-ramped-up-in-q4-2023/amp/ I do believe 2024 is the year that car demand will crater across the industry.
Bonus = GETTING BONED
Was told today we are only getting 84% of our Target bonus..... it is calculated on.....EBIT Margin 40%, Customer Experience 30%, EV Volume 20%, and Revenue Growth 10%..... as a GRS I have no say in any of that Bull Sh-t.... UAW Getting $10,500 and... — read more
Ford slows EVs, sends a truckload of cash to investors
Ford Motor shares jumped on Tuesday after the automaker said it will return more cash to shareholders, starting with an extra 18 cents-per-share dividend in the first quarter, joining General Motors in giving investors more of the cash spinning from... — read more
Major layoffs in Germany
3,500 people. I feel bad for them, but at least it's not us for once.
So this whole follow the market strategy
Is self defeating. Take a company like Toyota, their share price increased by +50% over the last year. While Ford dropped -10% over the last year. Toyota does what’s good for their company and thus the shareholders benefit. Ford does what’s perceived... — read more
I'm convinced that Chris' cousin and his team are cooking the books
With our warranty, labor and pension costs, not to mention EV losses and having to price competitively across the lineup, there is no way that our numbers are as good as were announced last night. Throw in all the money they are throwing away on pet... — read more
Can i see my year end review before the PR meeting?
Im having anxiety waiting to see if I got below target or not
Model e posted a $4.7 million loss.....
Imagine what the profit would be without that dragging down the bottomline. Expect AICP well below 50%.
Ford hosts a conference call a 5 p.m. EST to talk financial results.
(Barron's, Feb 6 2024) Ford Motor’s earnings could do more than move the stock, shedding light on what the whole car industry can expect at a time of conflicting signals about the outlook. U.S. new car sales rose more than 10% in 2023, but... — read more
Whew, at least we got that right!
https://finance.yahoo.com/news/general-motors-recalling-over-323-132242153.html Our tailgates are solid!
For those who retired in the last couple of years
We can guess what you don’t miss. I’m curious to know what you miss (if any)?
2024 Merit Increase
So what do we think the merit increases this year will look like? On one hand feel like they might be decent to put salaried on par with UAW increases, but economic factors might say otherwise…
PRecall: New term, same poor quality
Bronco Sport engine quits, wish it was Ford Leadership that quit first. Only 95,000 customers impacted. Over the past few months, FoMoCo has dealt with a few investigations opened by the National Highway Traffic Safety Administration (NHTSA) – most... — read more
If I get below target in my current org , can I move to another still?
Will I be blocked from moving to another org if my manager throws me under the bus ?
Which org is stronger? ADAS or Ford Pro?
In terms of safety from layoffs and growth opportunities
Layoff speculations
Too many speculations for Ford layoff on this site.
Since management has failed
Does that mean Farley and Field will get a BELOW TARGET rating, no bonus and no stock options? Will this be a topic at the TH?
Many Layoff's due to this:
Ford plans to hire Chinese military software supplier for EV factory in US MIAIN POINTS: "in a third letter, the Republicans asked Ford President and CEO James Farley to make a relevant company official available for an interview with their... — read more
we need gas engines for hybrids
https://www.freep.com/story/money/cars/mark-phelan/2024/02/03/gms-hybrids-big-pickups-suvs/72442160007/ "GM’s initial plan to leap straight from internal combustion engines to all-electric power was a bold gamble, but it rolled snake eyes. Doubling... — read more
Do we get pipped if we get below target?
Got meets expectation mid year but unsure what to expect. Have my meeting Feb 8th , kind of worried why is it so late
EV climbdown
https://www.yahoo.com/news/west-humiliating-electric-car-climbdown-165738223.html "who holds back the electric car, who makes Steve Gutenberg, a star? we do. we do!" (look it up)
Are you sick and tried working at Ford? You could always bag Ford and go work for Honeywell.
HONEYWELL TO INVEST $84 MILLION IN EXPANSION OF KANSAS AEROSPACE MANUFACTURING FACILITY Honeywell announced today it will invest $84 million to expand its Olathe manufacturing facility in Kansas. The project, which is expected to generate nearly $47... — read more
Only 4700 EV’s in January
It would have been cheaper to give every prospect $20k than lose money on EV builds that just sit on a lot. We use to discontinue platforms at 60k or less and now we need Mach-E and Lightning together to get to a dismal number. Our MBA management... — read more
Looks like Ford will be reporting a poor performance on February 6
https://seekingalpha.com/article/4665540-ford-i-was-wrong-downgrade
January sales release—they forgot the line for subscriptions…
The fact that F150 sales are down 11.5% YOY, more than the decrease in EV sales at 10% should concern everyone. The data and subscription sales team needs to get busy and generate a sales line item of their own, our vehicles aren’t keeping up. — read more
RTO for real this week = Successful
Collaboration centers were near as busy as 2019. Parking lots fullest in years. Smiles, ideas, and productivity was all I seen this week. I was more productive and if you were not, you are not being truthful. I bet the RTO analytics (badge... — read more
Should I apply to internal posting before my PR?
Basically long story short, I’m not sure if my current manager is going to throw me under the bus and give me below target . I have another hiring manager who wants me to apply directly to another role and they have already taken an unofficial... — read more
2 weeks
Is it still policy you get walked out when you put in your two weeks? If I want to start a new job March 1, and I put in my two weeks February 15, will they walk me out that day and pay me two weeks to not work?
Racing. House on fire, $$ allocated Racing?
Why? Does Racing drive F150 sales. No longer a car company... Why racing cars.
Ford offered $50k buyout to UAW members.
Who in he-l is going to take the offer? I rather just showed up in the plant each day and get $150k per year for doing nothing.
Humbling moments?
Recently we had a meeting where our LLx talked about their "humbling moments", A.K.A, some of their sc--w ups last year. Which I found really weird, since our "leadership" is "infalible", not needing any SME to solve any technical problem. (IDK about... — read more
RTO for Kumar's Organization
Our LL6 just informed our team that everyone under Kumar is being mandated to return to office 3 days a week, with a soft roll out starting next week, and full implementation by March 1st.
Ford EV Inventory is the Highest (Scotty Says)
Consequence to Fords "Build them and they will come" approach. Ford inventories are 40% higher than any competitor. Sounds like "count the revenue when its made, not sold" to bolster sales numbers. https://www.youtube.com/watch?v=Y445BMN-nm8 — read more
Bonus
Had my check in conversation with my LL today. They informed me that my rating was on target. It was then shared that being on target only translates to 90% of bonus target (assuming we get one and it’s 100%). Is this still true? Seems wild that we... — read more
Train Station is RenCen v 2.0
Another hotel in Fords future. Who would stay here if they know the neighborhood. Call it “Ford Flop House” Work at Michigan Central Station continues as Ford aims to use the historic site as a future mobility hub, but this is far more than just... — read more
Chicago
Do you think the chicago sho center will reopen, or do you think CAP will be shut down?