Can anyone point to any successful revenue generation from any of these “businesses” bought or “created.” I heard Canopy was at CES, but if they were, they generated zero media attention. It was announced a year ago, where is it? The lack of accountability for revenue generation is appalling.
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They made some poor choices with Canopy. Ring (bought by Amazon) has had a vehicle camera system out for two years that currently will work with most vehicles and costs as little as $6 per month. No one who doesn’t own a Ford will buy Canopy, and Amazon backing Ring is much better than ADT backing Canopy. I’d love to know who dreamed up their financial projections, it will never happen.
From Dilbert (Scott Adams must be at the glass house):
Pointy Haired Boss (Farley): “Can you get me mor3 details on the financial projections?”
Dilbert: “Sure. I wrote an app that generates random numbers. Just in case you asked for them.”
Pointy Haired Boss (Farley): “17, 4, 962…Yes, this looks about right.”
Describes perfectly how Ford Next revenue projections are created.
@3yet+1kH1mEjQ I did attend the THs. If I was still working sitting next to a window and JF (LEGEND) came up to me and said it was daylight. I would get up from my desk and walk outside to check for myself. I do not believe anything LEGEND has to say.
Man is a LIAR.
Your comment is spot on. Fact is FLV should throw CM and RM out the door. At least FLV has only been languishing here for two years, CM has been here two decades with nothing to show for it.
LOL, if you believe the Townhalls, you are the biggest id--t on the planet. Before we became a Data & Subscription company we were a Mobility company, before that, a Technology company, before that a Manufacturing company that focused on quality, for a moment we were leaders in the luxury market, ......
My guess is you're a troll from D(umb) Ford or an id--t from the Communication group. Most of the programs are behind schedule. Senior leaders can't make decisions to move anything forward. Digital teams are outsourcing everything. Business teams can't demonstrate profit. People are ' acting ' busy instead of really doing the work. EV is a huge smokescreen to reduce headcount starting with any poor folk that are over 50 and pension eligible. PEPs are coming, they will be brutal. Doubt there's another SIRP like August '22, but knowing what a sociopath JF is, he will cull anyone that makes him look bad. Next is a huge target, FLV will throw CM & RM, both useless, under a bus to save his own a$$. Baumbick will get a special assignment, another one thats useless. Even Doug is awfully quiet, probably looking for his next job jump. Yea, go ahead an believe the THs, and when your org is eliminated, remember you were a believer.
Financial engineering at some point the stock holders will sue, just like @ IBM
https://www.theregister.com/2023/01/18/ibm_sued_securities_fraud/?td=rt-3a
Long read but the parallels to Ford are eerie.
If you even bothered to attend the town halls, you would not need to ask this question here.
We live in an age of universal deceit.
Farley said that 2023 financials will be broken out by five areas: Blue, model e, Pro, next and Credit. Blue has at least 50% of the revenue, credit has at least 50% of the profits, model e and pro might break even depending on how expenses are appropriated, and Next is a money loser and always will be. Bill Ford and his family need to wake up and remember we are a VEHICLE MANUFACTURER. The sooner we focus on being a QUALITY vehicle manufacturer, the longer we will be a vehicle manufacturer.
Franck LV must be held accountable. He accomplished nothing at Renault. Mobilize is all smokes and mirrors, didn't generate any revenue at Renault and has equally failed at FMC. CM and RM are equally accountable. Time has run out and they will be exposed. Autoextremist will present this story soon.
@OP. These "areas" have successfully "generated or syphoned" around $10 billion dollars from FMC into the pockets of the "friends and family" there. It is called a hustle, and like many other scams, will be over at one point. Sadly, these fraudsters are still having Bill Ford's ear. Until something changes, Ford ICE will have to keep carrying these fraudsters and the Model E id--ts.