Thanks for sharing //
@koolgal:Ford has just delivered a very impressive Q2 earnings report and its share price has jumped 14% since then. Earnings skyrocketed 423% to 68 cents per share! Revenue leapt 50% to USD40.19 billion. That jump was due to a 35% increase in shipments together with favourable pricing and vehicle mix.Ford is also maintaining its outlook for the year with a full year 2022 EBIT of USD11.5 billion to USD 12.5 billion, up from 15% to 25% from previous year.Can Ford deliver 600,000 EVs? I believe Ford is doing everything it can. It is cutting 8000 jobs from its Internal Combustion Unit to fund its EV spending Ford also confirms that it had secured 100% of the battery cell capacity needed to support its annual target of 600,000 EVs.So Ford is certainly firing on all its engines to beat its competitors. Watch out Tesla! Ford is catching up soon!
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