Not good signs. And the used car market is stayingy to bo-m again. All signs point to a car industry recession later this year or early next year.
It's gonna get ugly around here. Anytime not in Ford Pro better be ready.
3 replies (most recent on top)
So what plants survive and which do not if there is a recession?
@ajh+1s7vH31i
Great list, But wait, there’s more!
While normally that would be a sign of bad times coming, FMC has more pressing matter right now.
- Lots full of unfinished vehicles waiting for the "qualty check".
- Dealerships' inventories are up.
- Huge corporate debt.
- Invested over $50 billions in BEVs, and we still lose money when we sell one.
- Quality issues, AKA, king of recalls.
- Low profit margins.
- Not many exciting projects for future vehicles.
- Not enough "talent" in the workforce, nor possibility of attracting it.
- Lack of leadership and taking decisive actions.
- UAW and the worse contract in ...forever?
The company is almost on fumes now, running with whatever is left. There is no cheap money around to keep it running for years. Every loan is more expensive now. We are going to need more than AM, maybe 2 or 3 dozens of AMs, to made it.