Ford Credit isn't even considered a core business of Ford. Innovation centers like Model e/etc. are core Ford and are the best places within the company to be.
10 replies (most recent on top)
Ford Motor Company has milked Ford Credit of its usual "dividend" to the parent company to pay for its EV losses. This has been scuttlebut for the past few weeks. Ford Credit's dividend to Ford is usually seen as a windfall each quarter however all that money is now not supplemental to profits but offsetting losses. So Ford Credit, despite being successful overall may indeed incur layoffs in order to generate "higher" dividends to offset Farley's EV blunders.
Now look folks....Anyway.....
Its always Ford Credit isn't it? LOL
Ford stock up to $14...glad I went long earlier this week.
Thanks for the heads up. I will update my resume immediately.
Repos are way way up. New car sales have cratered. Credit never posts a loss and they'll make sure of that. But there doesn't mean the motor company is safe......
I hate to add fuel to this but looks like 25 min meetings are booked next week on Thursday on the Ottawa calendars. Not the norm.
Meeting rooms booked here in Ottawa. We are a PD site though.
Hearing from who or from where?