I'm guessing there's a lot of deferred costs in the latest financials. The hope? That the layoffs happen before those costs have to be realized.
Either that or just flat out accounting corruption. One of the two. Neither is good.
We'll see how the 3rd and 4th quarters look.
Someone on this string is smoking too much Detroit herbs! ..smoking is not good for your health..
Model e lost $750M-ish, and I read that both the $3B yearly loss is still projected AND they'll be break even by year end. I'm no financial expert, but that doesn't quite add up to me.
@srt+1msL8GyB
Not sure where you are getting your info, but Model E APB is on plan. BPF is nearing 100%
Nobody said the EBIT Margin Target metric needed to be positive. 😀
Model e employees are screwed! The AICP was adjusted by division this year. Which means Model e employees AICP will be based on the losses in Model e! Already at $700 million for the year and growing. The AICP will be around 10% at this rate for Model e salaried. Anyone that thinks merit will be 8-12% is in fairyland!🤣
The mass exodus of talent will continue. There are no opportunistic times, there will be only pain!
Lawler didn’t address the tough questions. If leadership wants their folks energized, use radical candor and don’t hang layoffs over our heads like a Sword of Damocles. We know it’s in the Q1 filing that restructuring costs are coming. But this leadership team is content to pump their own sunshine up their butts and let the rest of us panic or not care until we are ultimately let go. Just gross all around. No care as always to the people making this org shutter along.
More Kool-Aid anyone? Seems CarCar is now visiting the site.
I trust our leadership is doing the right thing. Lawler knows what he is doing. Have faith in Ford+
Ford does NOT cook books. As a Ford cook, I know.
Ford does cook the books. As a Ford accountant I know.