Ford revenue down 50% !!

Ford Ceo was all over the news showing off their electric truck and mustang. But FOX news reporter ask how many they had made and when they will be available. This was mixed in with the announcement about battery plants in Ky and TN. 100,000 ORDERED only display and few made for public. 2 year wait IF Biden keeps sending them the checks. I mention this because had a thread last month on HOW these companies are reporting profits when they don't have anything on the lots/ shelves to sell !! But some on here said it was because of over head down. LOL Really leaving the lights on is over head. THEN the reporter as him why revenue was down 50% YES FIFTY percent ! The japanese chip plant they use burned to the ground !!! The revenue drop was the second quarter of this year. BET this quarter will be even more !! They're saving the world but can't make them. LOL BIG selling point is they can power your house if electric goes off HMMM But they can only power themselves for 300 miles on level ground ?
They had a revenue of 127 billion in 2020 when extra money from boosted unemployment had folks around here buying new trucks cars 4 wheelers, ect.
SOOOO half that is roughly down 63 billion. Ford is not just selling cars to get their income so car sales isn't all of it.
Take out the" bail out " (subsides) and they would be bankrupt !!!OR most companies would. You ain't selling you ain't making money. Unless gubment is sending you money each month.

Ford never got bailed out.

I bought a new 250 last month it’s supposed to here in January. Hopefully it shows up. Only the second new vehicle the wife and I ever bought. I hate waiting

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.

And it'll be up 200% when they get chips for the vehicles already built but unsold, waiting on a chip.

Ford has received litte over 33 TRILLION YES TRILLION with a T !!! since 1992 !!!
So you ford guys better back up and think about "no bail out " again

here's more charts where the money went !! Some was loan but vast majority was hand outs !!! These are since 2003 !!!!!!!!!!


Company

Location

Subsidy Source

Year

Subsidy Valuesort icon

Loan/Bailout Value

Type of Subsidy


Ford Motor Michigan state 2010 $2,300,000,000 MEGADEAL
Ford Motor Company Michigan state 2011 $1,022,336,000 tax credit/rebate
Ford Motor Company Kentucky state 2007 $240,000,000 tax credit/rebate
Ford Motor Kentucky state 2010 $240,000,000 MEGADEAL
Ford Motor Co. Michigan multiple 2018 $234,000,000 megadeal
Ford Motor Michigan multiple 2000 $222,000,000 MEGADEAL
Ford Motor Company Michigan state 2009 $176,528,000 tax credit/rebate
Ford Motor Michigan multiple 2009 $174,700,000 MEGADEAL
Ford Motor Michigan state 2006 $151,236,000 MEGADEAL
Ford Motor Missouri state 2010 $150,000,000 MEGADEAL
AutoAlliance International (now Ford Motor) Michigan multiple 2002 $125,900,000 MEGADEAL
Ford Motor Illinois multiple 2000 $100,900,000 MEGADEAL
Ford Motor Michigan multiple 2003 $90,300,000 MEGADEAL
Ford Motor Ohio state 2002 $83,400,000 MEGADEAL
FORD MOTOR COMPANY United States federal 2009 $62,709,188 federal grant
Ford Motor Company Michigan state 2009 $30,000,000 tax credit/rebate
Ford Motor Company Michigan state 2009 $30,000,000 tax credit/rebate
Ford Motor Company United States federal 2013 $30,000,000 federal allocated tax credit
Ford Motor Company Michigan state 2009 $25,000,000 tax credit/rebate
Ford Motor Company (Sharonville Transmission) Ohio state 2008 $19,047,100 tax credit/rebate
Ford Motor Company Michigan state 2010 $10,000,000 tax credit/rebate
Ford Motor Land Development Corporation Michigan state 2012 $10,000,000 tax credit/rebate
Ford Motor Company Michigan state 2017 $10,000,000 tax credit/rebate
FORD MOTOR COMPANY United States federal

Don't doubt it . But big business bases it on last report. Sales can be down then go back up. But still not be up to were it was and they celebrate. Company that big has to sell so many units just to break even. OH NO wait uncle sam's allowance is coming in every month so never mind.

Look real close at the 2009 GRANT money Grant means don't pay it back 62 MILLION ! Folks bad mouthed Chevy for taking money then . BLAH BLAH At least they got it and thanked tax payers . Ford did it in the back room like a private treaty deal LOL LOL

Have you looked at what the others got? They'd truly be out of business if it wasn't for a real bailout.

GM...Gov't Motors...is the worst...and whoever owns Dodge. They'd both be gone...history.

Jb wasn’t defending they just stating I bought a Ford. I won’t ever defend Crony capitalism

Didn't have to EVERYONE knows it. BUT like you just did few comments back Ford guys "jump" to their defense ! Not knowing the back door hands out attitude of ALL car companies. Can't pay those high wages executives and most employees make. Just on sales .

THANKS

Yes, I like my Ford truck and my Ford stock. Both have been good to me.

This is clearly an emotional subject for you, so I'll just let you get it off your chest.

We'll see how many get sold when interest rates get to 5%, the Feds are going to have to raise rates or inflation will get out of control. Saying inflation is 2.5 % is a lie and we all know it.

Semi-conductor shortages are expected to last into 2023, some say the end of 2023. A lot of new car dealerships will be closing their doors if that is the case.

ol'dad

more shortages on the way. prepare for that.

Not saying Ford does not get free gubmint money, but I don't know that you can count rebates of " taxes paid" getting money? Most of the tax credits appear to be from carryover losses they could not deduct on previous tax years.

Why not ? wasn't it monies "given " back to them OR they didn't have to pay to start with? Credit I think means didn't pay it.

LOL yes that is "new way " (bidens acct) to figure inflation. They don't include the cost of food or fuel. THE TWO things every American MUST have to survive. But everything is up 20-30 % except income.

the govt is giving everyone $.....but that may stop for a while in a bit, hopefully. A government crash and dollar crash is the only chance to get back our republic.

No they only thing that gets me going is the fake prop up of the market to keep BOBO having ONE and only 1 thing going for him. If the fake news reporting was were it should be interest would be 10% and things would go back to normal. Yes tough on folks going into debt but pricing would be down to earth instead of living on make believe money floating over a wire transaction.

And that's part of the reason why these new vehicles are so costly. All these new amenities that most of us will never use. I have a 2018 pickup that has all kinds of stuff I'll never use. I'm almost afraid of my steering wheel that I might bump a button!

I saw a couple electric mustang's at the dealership a couple months back. They are an abomination to mustang in every aspect. They don't even come close to looking like a mustang

Clearly emotional to you too.
When shown what Ford got. Your reply was

"Have you looked at what the others got?" Point at others.

I'm excited for the electric truck keep in mind their 300 mile limitation is the beginning. Few years down the road when they double that to 600 ill be in line for one I don't need to beat my chest like caveman and insist on using gas . Secondly a ton of company's are getting free money. Ppe and every other bail out its nothing new whats the alternative? Buy foreign?

"What is the Purpose of an NOL/Tax Loss Carryforward?

Tax Loss Carryforwards exist so that the total lifetime taxes for a firm will, in theory, be the same no matter how their profits and losses are spread out.
Example if firms could NOT carry forward losses:

A company that had a loss of $10 million in 2018 and a profit of $10 million in 2019 with a 30% tax rate would pay zero tax in 2018 and $3 million in 2019. Its total profit before tax in 2018 and 2019 combined was zero, yet it paid $3 million in taxes.

Compare that to a different company that also had $0 of profit in 2018 and $0 of profit in 2019. This company would pay zero taxes and had a total pre-tax profit of $0.

So why would the first company pay $3 million in taxes, while the second company paid none? The first company is much worse off due to the distribution and timing of its profits.

To address this issue, tax loss carryforwards were created."

My error I should have put rebates in my statement.

Credits are tax deductions right off your taxes not reductions in taxable income.. If they are more than your tax liability, then they are free gubmint money. If not, they are a tax break.

No, that's not true. My point was, there'd be a single American vehicle manufacturer if it wasn't for true bailouts that happened around 2008-2009.

That would be Ford.

Thanks for playing!

I'd sure appreciate a link to this event that you mention.

Right now the Dems are trying to push through another 3.5 trillion social welfare package. Not going well so they're breaking it down into two packages so it don't look so bad. Then in December the Gubmint will be facing another shutdown unless they can raise the debt ceiling again. It'll only end one way.

socialism is our future, it is ironic that people love their $ and possessions more than freedom but in the end they will loose both.....live free or die.

A grant is a grant. Given for research and development of energy efficient motors and this ever driving electric car BS. And where exactly is it that is says that the money was given to the company to keep them afloat. Not saying that you are wrong but your list looks like the money comes from Gov't contracts, Federal grants, and tax credits (ie the mix from federal and state gov't entities) Ford by far supplies local, state and federal government the most vehicles. MEGADEAL to me would mean a huge contract.

Why just Ford ? Have you looked at the other car makers ? Please post a link to the fox story.

Go to the cities and look under the bridges and fringes of the Walmart parking lots and you can see where we're headed. Cardboard and black magic marker will be a valuable asset!

Anyone else wonder if a bunch of Ohio State Football players went down to Lake Cumberland, fished out jbyrd63's best spot, shot the bucks jbryd was watching and yearning to kill, jumped into their Ford Trucks, peeled out and gave him a lawn job? It would certainly explain the motive behind a lot of his posts.

Keith

I will never own a new vehicle again, ever, I cannot justify paying what it costs to buy a new vehicle in fancy paint and add on's that don't do anything for the cost of the purchase. It's so much cheaper to just repair or replace the part on your existing car, and still stay way lower than a used car purchase !

I don't even go look at them any more, makes me ill to see the prices on them for the same thing I did buy new in 89 !

People at my work at the mine make a great wage yet can't even drive their fancy wheels for fear of something happening to them or cause they use to much fuel, it's a constant no stop complaint of them, used cars are now reaching the prices of new vehicles in the 80's with most having over 110k miles on them, it's crazy.

Figure if they can't sell any of these lotted up vehicles they will be broke sooner than later !!

You didn't read all this or some other reason you didn't understand my previous comment. I looked at all but Ford lovers want to say "they didn't get bailed out" LOL ALL OF THEM HAS ;

Oh yea here you go couldn't find the TV interview but here's an article.

https://www.nytimes.com/2021/07/28/business/ford-q2-earnings.html

Your posting using a Rueters article??? Could it be that Ford is far and away the largest auto manufacturer in the US and also one of the largest auto manufacturers in the world that these article come out to try and level the playing field for companies that couldn't hold their own water and have never recovered from the tarnished reputations for getting bailed out and then not repaying the entire debt back to the American people. I still waiting on the dividend check.

My post was based on a tv interview yesterday. If you want there was 6-10 articles I just copied the first one in line It was quoting the ceo so don’t matter the source !! I think that was new York post

You said it was a fox interview. Could only find one fox interview with ford ceo and didn't see half of what your saying. But did just see on the news that a ford plant making said batteries that will bring 5000 jobs to Kentucky. Not interested in news stories in papers or on line that Trump said were fake news sites.

Are you trying to tell me Ford got over a Trillion a year for 30 years,I don't believe it.How much is the entire federal budget?

I'll buy one for half price to help them out.

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

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.

Ken, don't confuse anyone with the facts. Phil, I thought the same thing as well, don't let a little math get in the way.

Not my spread sheet 33 trillion was some one else’s stats. Only reason I looked it up then posted was and I quote Ford never got bailed out “

PSB 1011
Hers the one with the total monies. GRANTS/ loans/ tax subsides



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

This chart just includes money from 1992 . PLUS it says there is more but the amounts were NOT disclosed !!!!
Looks like a bail out to me !!! Just saying.

LMAO

Never said they didn't or did make a good product/ Just passing along the facts that will come to be known when the real world starts spinning again .People need to stop peeing on others backs and declaring it's rain.

Here is the mistake. The number cited here is a ..............mistake or a misprint. The actual number should be $33,489,841,570.00 .................That's 33 billion, 489 million, 841 thousand, 570.00 dollars.

Some how you added..or someone did ...... the last three digits of 163 . That is actually the total number of grants, loans, loan guarantees, tax rebates etc.

Those extra three digits make it APPEAR to be 33 TRILLION. But it isn't.

Here is the actual link to your original source. You can see the correct amount a few lines down. It's referred to as TOTAL.

https://subsidytracker.goodjobsfirst.org/prog.php?parent=ford-motor&page=1

Come on ken. Stop confusing with facts. I saw that as well just seeing how deep of a hole he wanted to dig.

Technically ford didn't get bailed out. Those are tax breaks and grants that every other big business on the planet 5akes advantage of. I'm not a fan of it but for now it is what it is

GM and Chryslers bailout was on a whole other level.

QUIT BY PASSING FILTER

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.

Oh yes they have.

“A heterodox macroeconomic theory that describes currency as a public monopoly for a government and unemployment as the evidence that a currency monopolist is restricting the supply of the financial assets needed to pay taxes and satisfy savings desire.”

See the government needs to give Ford money so they can pay their taxes.