If not for “other income” of $1.155 Billion, our profit would not be $561 Million, it would be a loss. In Q2, automotive operations lost $1.09 BILLION. Short term automotive interest payments are $926 Million (does not include Ford Credit). Short term debt due is $2 BILLION. Cash on hand declined $8 BILLION. Assets declined by $9 BILLION.
Our financial condition is not great.
I wish someone would breakdown our profits by carline? All I know is 90+% comes form F-Series.
Were the property transfers treated as “other income” ?
Having trouble with the numbers. It looks like we burned thru 5.7 Billion a month this quarter — looking at what was sold to try to preserve liquidity + the decline in liquidity.
Does anyone know what kind of financial witchcraft was used to create these 'profits?' Most of know Ford is nothing but a house of cards ready to come tumbling down.
Putting lipstick on a p i g, and surprise, it’s still a p i g! Ford needs a major management cull, from CEO down to LL6.