Wednesday, August 17, 2022
  • About
  • Privacy Policy
  • Editorial Principles
  • Why to trust us
  • Contact
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
Scoop Nova
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
No Result
View All Result
Scoop Nova
Home Business

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand

admin by admin
June 16, 2022
in Business
0
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

This tiny, profitable luxury automaker can withstand a recession

When to buy Tesla stock, according to tech investor Paul Meeks

Trump faces investigations, lawsuits as he weighs White House run

The Mustang Mach-E is Ford’s first new all-electric vehicle with a $ 11 billion investment plan for electric vehicles by 2022.

Michael Wayland | CNBC

Ford motorThe company said on Wednesday that consumer demand for new cars had not yet fallen, but rising commodity prices wiped out initially expected profits on the electric Mustang Mach-E.

Ford CFO John Lawler told Deutsche Bank at a conference that demand for new Ford and Lincoln continues to outpace supply and a global shortage of semiconductor chips continues. Therefore, inflation.

In most cases, these price increases maintain Ford’s profit margin, Roller said. However, the price hike was not enough to offset the impact of the rising cost on the company’s Electric Mustang Mach-E.

The cost of this model has increased significantly due to the significant increase in battery material costs. He said the Mach-E was profitable when it first launched in late 2020, but that’s no longer true.

Despite bright reports on demand, Roller pointed out new signs that consumers may have reached inflation limits. Ford Credit, the company’s funding arm, has seen an increase in “delinquency” or late payments.

Laura said Ford took the possibility of a recession in the United States seriously, and the company modeled some possible scenarios for the recession.

Read more about CNBC Pro electric cars

Still, Ford and the broader automotive industry are in a different position than the past recession, where companies usually held high inventories and increased discounts that eroded margins, Laura said.

“I don’t have it today,” Laura said. “We rely heavily on inventory. We have over 300,000 important order banks …. As an industry and as a company, we are heading for this. [possible recession] We are in a very different position than before. “

Correction: This story has been updated to remove the incorrect number of cost increases associated with building a Ford Mustang Mach-E. Ford CFO John Lawler did not provide that increasing number.

Tags: AutomobileBusiness newsCFOclimatedemandeconomyerasedFordFord Motor Co.hurtinginflationisntLtd.MachEMustangprofitstechnologyTransportationwork
Previous Post

NHTSA data shows Tesla accounts for most driver-assist crashes

Next Post

Biden to send another $1 billion in military aid to Ukraine

admin

admin

Related Posts

This tiny, profitable luxury automaker can withstand a recession
Business

This tiny, profitable luxury automaker can withstand a recession

by admin
August 17, 2022
When to buy Tesla stock, according to tech investor Paul Meeks
Business

When to buy Tesla stock, according to tech investor Paul Meeks

by admin
August 16, 2022
Trump faces investigations, lawsuits as he weighs White House run
Business

Trump faces investigations, lawsuits as he weighs White House run

by admin
August 12, 2022
Warby Parker (WRBY) reports Q2 2022 losses
Business

Warby Parker (WRBY) reports Q2 2022 losses

by admin
August 11, 2022
5 things to know before the stock market opens Wednesday, August 10
Business

5 things to know before the stock market opens Wednesday, August 10

by admin
August 10, 2022
Next Post
US sends $1.3 billion in security and economic aid package to Ukraine

Biden to send another $1 billion in military aid to Ukraine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

planning

UK is planning to buy a 20 % stake in the £20bn ($26bn) 

April 2, 2022
offers

SIA offers Snowbound Festival to U.K. based events

March 18, 2022

Categories

  • Business
  • Politics
  • Scandal
  • Scandals
  • Technology
  • Uncategorized

Don't miss it

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects
Politics

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

August 17, 2022
This tiny, profitable luxury automaker can withstand a recession
Business

This tiny, profitable luxury automaker can withstand a recession

August 17, 2022
Curio, led by Energy Dept. veteran, aims to recycle nuclear waste
Technology

Curio, led by Energy Dept. veteran, aims to recycle nuclear waste

August 17, 2022
When to buy Tesla stock, according to tech investor Paul Meeks
Business

When to buy Tesla stock, according to tech investor Paul Meeks

August 16, 2022
SoftBank-backed Ola Electric wants to launch India-built EV in 2024
Technology

SoftBank-backed Ola Electric wants to launch India-built EV in 2024

August 16, 2022
House passes massive climate, tax and health bill
Politics

House passes massive climate, tax and health bill

August 14, 2022
Scoop Nova

Scoop Nova is the only worldwide news organization with a European perspective, and it’s where the rest of the world goes to hear what the World has to say.

Categories

  • Business
  • Technology
  • Scandals
  • Politics

Quick Links

  • About Scoop Nova
  • Contact us
  • Editorial Principles
  • Why to trust us
  • Privacy Policy
  • Sitemap

Recent News

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects

August 17, 2022
This tiny, profitable luxury automaker can withstand a recession

This tiny, profitable luxury automaker can withstand a recession

August 17, 2022

© Copyright 2022 ! All rights are reserved by scoopnova.com

  • Home
  • Business
  • Technology
  • Scandals
  • Politics

© Copyright 2022 ! All rights are reserved by scoopnova.com