FastCarFanBoy
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My bomb has been ticking since Dec 2012... currently at ~750whp and still waiting for detonation.
fuckin junk.
fuckin junk.
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My bomb has been ticking since Dec 2012... currently at ~750whp and still waiting for detonation.
fuckin junk.
If that constitutes “junk” what grade would they give to GM and it’s decision to release the 2019 camaro ?Speaking of "Junk," Ford was downgraded today to Junk: https://finance.yahoo.com/news/ford-cut-junk-moodys-doubts-202155962.html
(Bloomberg) -- Ford Motor Co. was dealt a major blow by Moody’s Investors Service, which cut the carmaker’s credit rating to junk on doubts that a turnaround plan by Chief Executive Officer Jim Hackett will generate earnings and cash quickly enough.
If that constitutes “junk” what grade would they give to GM and it’s decision to release the 2019 camaro ?
Turds?
Ford (and GM) are both dead man walking. I suggest we continue this line of conversation over in the OT section, ya?Ford may be toast under the Libtards.
What about Fiat/Dodge?Ford (and GM) are both dead man walking. /QUOTE]
Yeah me neither. I would have expected a "thank you for keeping me employed and my preposterous pension and healthcare benefits intact."I dont know about the rest of you but I never got my Corvette or Viper with a letter on the deivers seat saying THANK YOU TAXPAYER
Thank god! Is thia reality? You mean just maybe.... Other rational people think this too!Yeah me neither. I would have expected a "thank you for keeping me employed and my preposterous pension and healthcare benefits intact."
Ford borrowed heavily in the bond/equity markets whereas GM and Dodge went to the gov't for a handout. Ford did the responsible thing whereas the other 2 went to the bank of political whims to get a sweet-heart deal only politicians have the unmitigated gall to allow in exchange for the Union plantation's votes. Both GM and Dodge should have been forced to pay market rates for their debt or forced to implode and the pension and healthcare "contracts" nuked back to reality.
did you though, at 30+% off MSRP?I just bought a new F-150, so I helped!
Moody’s needs to get off the crackpot analysis....Moody's cuts Ford's rating -- despite its strong balance sheet
As my Foolish colleague John Rosevear recently noted, the Moody's downgrade was somewhat confusing. Moody's expects restructuring costs to weigh on cash flow for the next few years, but it seems bullish about Ford's efforts to boost its profit margin over time by exiting unprofitable markets and product lines, while refreshing its core offerings. Moody's also acknowledged that Ford has a solid balance sheet, including $23.2 billion of cash (which exceeds its automotive debt load). Thus, the company has the financial flexibility to pull off its restructuring plan.
The main reason why Moody's is cutting Ford's credit rating is that it expects the Blue Oval's profitability to remain under pressure until at least 2022. This projection of subpar earnings in 2020 and 2021 makes Moody's downgrade understandable, as it means that Ford would be in a weak position to withstand incremental headwinds like a severe recession, a spike in commodity costs, or an all-out trade war.
Profitability in North America is set to surge
Moody's downgrade note highlights that Ford's adjusted operating margin in North America has fallen to around 8% in 2018 and the first half of 2019, after exceeding 10% as recently as 2016. The rating agency thinks Ford may get back to a 10% operating margin in its home market eventually but not for a few years.
However, Ford is already close to an inflection point for its profitability in North America. The automaker has been phasing out most of its (unprofitable) traditional car models since early 2018. An upgraded and expanded portfolio of crossovers, SUVs, and trucks will be the key to holding unit sales steady at greatly improved margins. (A recent decline in commodity costs should help, too.)