zzdcar
Home
/
Reviews
/
Culture
/
Ford Is Back To Big Profits
Ford Is Back To Big Profits-September 2024
2024-02-19 EST 22:12:34

Image for article titled Ford Is Back To Big Profits

Ford said Wednesday that it brought in $2.4 billion in net income for the third quarter, which is a lot more than what analysts were expecting and signals that auto industry is slowly but surely getting back to normal. Well, “normal.”

That number is six times the amount of net income Ford reported in the third-quarter of last year, when there was no pandemic or an economy on the brink of ruin. Ford attributes it’s good profit numbers mostly to demand for its F-Series, and what Automotive News “stronger pricing,” which is a euphemism for “demand was good so Ford didn’t have to offer a ton of incentives to move its products.”

CEO Jim Farley also said Wednesday that Ford’s good third-quarter was also a vindication of its decision .

From :

According to Farley, the robust third-quarter performance reflected Ford’s better execution and benefits from the company’s decision two years ago to reallocate capital to franchise strengths – pickup trucks, SUVs, commercial vehicles and iconic passenger vehicles – and phase out unprofitable sedans.

Ford is launching two (actually) all-new cars this year—the and , in case you’ve been living under a rock—and Farley, whose first day , has been brought on to make sure those launches, in addition to the launch of , aren’t bungled .

Production on the Bronco Sport and Mustang Mach-E actually started this week:

Finally, I have saved the best news for last: Ford also said today that we’re getting the Transit EV in November. That’s the one we , one that will compete with Rivian, and one that is a really smart idea on a lot of levels.

Farley apparently likes it so much he felt free to get a little surly about it:

The electric Transit is my sleeper pick for best new EV.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
Intense Hypermiling Is Just Another Version Of Driving Like A Jerk
Intense Hypermiling Is Just Another Version Of Driving Like A Jerk
Hypermiling seems like the exact opposite of some idiot hooning around on public roads, street racing and doing donuts and getting in everyone’s way, but the truth is that it’s really just another version of the same thing: Driving like a jackass. I know this from experience and because...
Sep 6, 2026
A Man Led Police On A Chase Just So He Could Finish His Hamburger
A Man Led Police On A Chase Just So He Could Finish His Hamburger
Have you ever been so hungry that satisfying your burger craving meant more to you than a stint in jail? One man in Louisiana claims that he didn’t stop for the police that were trying to pull him over, not because he didn’t see them or didn’t care, but...
Sep 6, 2026
Carmakers Still Mad At Public Health Warnings On French Car Ads Seem To Forget How Emissions Work
Carmakers Still Mad At Public Health Warnings On French Car Ads Seem To Forget How Emissions Work
Car companies are apparently not OK in France right now. Ford is crying foul on the car-related mandated by France after Hyundai complained that these “vilified drivers.” Ford’s managing director in France says these warnings, which are about curbing emissions, prove lawmakers in don’t understand people who live outside...
Sep 6, 2026
I'm Not Really Sure If This Asymmetrical Lighting Setup On My Pao Works
I'm Not Really Sure If This Asymmetrical Lighting Setup On My Pao Works
It’s been slow going, but my little Pao is now almost fully repaired after I smacked into a (possibly inebriated) deer a few months ago. . One of the casualties was a hard-to-replace official Pao yellow fog lamp, so I had to think of some alternatives. I’m testing a...
Sep 6, 2026
Suspected Drunk Driver Takes To The Skies
Suspected Drunk Driver Takes To The Skies
A driver in Michigan is thankful to be alive after launching his car over a freeway overpass last week. Unfortunately, the drink that gave this Chevrolet Impala wings may have been alcohol. Chandler Cockerham of Kalamazoo, Michigan told that he felt awake and alert in the moments before he reportedly...
Sep 6, 2026
Cameras Keep Rolling As Solo Reporter Is Run Over Live On Air
Cameras Keep Rolling As Solo Reporter Is Run Over Live On Air
The life of a TV reporter can be tough. If you aren’t being sent into hostile environments to chase down leads or struggling to force an answer out of a politician, you might end up in the awful scenario of being hit by a car on live TV. That’s exactly...
Sep 6, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved