Can't read the NYT article but the headline says PROFIT down 50%..... not revenue. They are talking about the first quarter of this fiscal year which was 5 months ago.

Here's a bit more..notice the article says revenue is actually UP.......not down.

Output ( the number of vehicles manufactured) could decline 50% for the year 2021.

https://www.foxbusiness.com/markets/ford-posts-profit-says-chip-shortage-to-slash-q2-output-by-50

I still wouldn't buy the stock or the cars

WRONG !!!! Not in a publisized way but Fed grant/ subsides are what they build their brand behind now.


https://www.freep.com/story/money/c...-loan-department-energy-debt/5526413002/



Subsidy Tracker Parent Company Summary



Parent Company Name: Ford Motor



Ownership Structure: publicly traded (ticker symbol F)



Headquartered in: Michigan



Major Industry: motor vehicles



Specific Industry: motor vehicles



Subsidy Summary

Subsidy Value

Number of Awards


State/Local $4,065,911,682 183
Federal (grants and allocated tax credits) $288,745,565 161
TOTAL $4,354,657,247 344


Loan / Bailout Summary

Total Face Value

Number of Awards


State/Local loans, bond financing and venture capital $0 0
Federal loans, loan guarantees and bailout assistance (not including repayments) $33,489,841,570 163
TOTAL $33,489,841,570 163


Time Period for State and Local Awards:



Earliest year of data: 1992. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2010.


Time Period for Federal Awards:



FY2000 to the present


Notes:



The dollar total above adjusts for the fact that there is an overlap between the amount in the Megadeal entry and that of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.


Links:



For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For an overview of this company's accountability track record, read its Corporate Rap Sheet here.

For an overview of political contributions associated with this company, see its Follow the Money page.

Just so WRR doesn't accuse me of getting in a peeing match, we are talking about Ford right. I got 360,000 on my ranger, they must only work for BIG10 fans.

State/Local loans, bond financing and venture capital $0 0
Federal loans, loan guarantees and bailout assistance (not including repayments) $33,489,841,570 163
TOTAL $33,489,841,570 163

I find it hard to believe that they received $33 Trillion dollars in less than 30 years. Even the govt hasn't managed to build that kind of debt.