Ford said today it expects to have 40,000 to 45,000 SUVs & trucks in inventory lacking certain parts at the end of Q3, pushing sales of the vehicles to the Q4.
The company now expects it third-quarter adjusted EBIT to be in between $1.4B-$1.7B.
4 replies (most recent on top)
Stock will hit $5 by EOY. Still it now.
Farley Farley tries to get $3 billion in cost save by letting go head count but fails to realize that the costs will increase therefore his cost saving actions are washed out!!!!! Well well well crystal ball what is in fords future..declining inventory…and declining demand…hmmm
To be fair, how is the same parts shortage affecting our major competitors?
Farley can’t manage his way out of a brown paper bag. The fact that he is still CEO points to the lack of intelligence in the Ford family, and the BOD.