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SVTPerformance's Chain of Restaurants
Road Side Pub
Ford shares shitting the bed on earnings miss...
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<blockquote data-quote="VRYALT3R3D" data-source="post: 16363379" data-attributes="member: 131770"><p>It is NOT a booming market now. Car sales and profits are down for all manufacturers.</p><p>GM lost 194M last quarter, Chrysler is down 9% in vehicle sales in the USA and has a net profit that is down 19%.</p><p>Toyota, Nissan, Hyundai-Kia, Honda are all down in terms of profit and sales as well.</p><p></p><p>I see a lot of people shitting on Ford for getting out of the passenger car market, but if you exclude Ford-GM-FCA, passenger car sales are down 17% compared to the previous year. It was the right move.</p><p></p><p>But yes, Ford does need a management change and that wont happen until Bill Ford allows it to happen.</p></blockquote><p></p>
[QUOTE="VRYALT3R3D, post: 16363379, member: 131770"] It is NOT a booming market now. Car sales and profits are down for all manufacturers. GM lost 194M last quarter, Chrysler is down 9% in vehicle sales in the USA and has a net profit that is down 19%. Toyota, Nissan, Hyundai-Kia, Honda are all down in terms of profit and sales as well. I see a lot of people shitting on Ford for getting out of the passenger car market, but if you exclude Ford-GM-FCA, passenger car sales are down 17% compared to the previous year. It was the right move. But yes, Ford does need a management change and that wont happen until Bill Ford allows it to happen. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Ford shares shitting the bed on earnings miss...
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