Stocks soared, down from $26 Jan 2022. Wonderful investment.
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Still a horrible investment! Always has need! If you research stocks you’ll know this already
In contrast, General Motors reported net income of $1.7 billion on revenue of $35.8 billion. Mary Barra is doing a much better job than Farley.
Having a net income of only $667 million from reported revenue of $40.2 billion IS NOT GOOD.
Manchin’s bill also puts a minimum 15% tax on Ford’s profits, so there is that cost.
The stock is only up because Senator Manchin agreed to force taxpayers to subsidize new EV sales with $7,500 of taxpayer money, so wealthy people can but electric vehicles and poorer people pick up the tab.
You should really read the news beyond life at Ford.
Ford to hire an additional 8,000 salaried employees.
Uh, yeah, the stocks soared on the raising of profitability targets. Something tells me that the proposed job cuts are exactly what they are thinking will earn them the extra $1B.
I truly love this Company! And I love my job at it.