Very sad news. When will the Ford Board of Directors terminate Jim Farley for failure to perform. Below expectations.
https://www.msn.com/en-us/money/news/ford-s-turnaround-attempt-coming-way-too-late-warns-deutsche-bank-auto-analyst/vi-AA17xs9b
Ford Motor Company (NYSE:F) shares fell over 10% after a disappointing earnings result on Thursday evening.
Following the significant bottom-line miss driven by operational issues, Deutsche Bank shifted to a bearish stance on the company.
“We are downgrading our Ford rating to Sell, following its large 4Q22 miss and new aggressive 2023 guidance, which in our view showcase considerable operational shortfalls and suggest meaningful downside risk to earnings trajectory,” equity analyst Emmanuel Rosner told clients. “Management blamed supply chain conditions but also recognized its suboptimal material economics and poor operational execution. We also worry about its limited visibility into its supply base.”