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  • Warbirds
    From the article:

    The analysts did note that "a large portion" of Ford's restructuring actions would likely be in Europe. They also reiterated that Ford "has not given any indication of planned closures or potential layoffs to date,"
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  • select-fire
    The auto maker's shares are down approximately 23% this year. GM down 6%
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  • droptop
    quote:Originally posted by select-fire
    The auto maker's shares are down approximately 23% this year. GM down 6%WHAT WENT WRONG?
    One major gut punch to Ford investors this year came during the second-quarter earnings report which showed results in its Asia-Pacific region deteriorated. Wholesales in the region declined 26% during the second quarter, compared to the prior year, which drove nearly all financial metrics lower. Revenue tumbled 30% from $3.4 billion to $2.3 billion and last year's $167 million EBIT profit flipped to a tragic $394 million loss during the second quarter.

    The driving force behind those brutal results was poor performance in China, where consumers have been turned off by Ford's aging vehicle portfolio, especially the Focus and Escort. In fact, Ford's equity income from its Chinese joint ventures declined a staggering $192 million, or 98%, barely breaking even.
    https://www.fool.com/investing/2018/08/23/fords-stock-has-been-hammered-in-2018-is-it-a-buy.aspx
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  • shilowar
    It would be great if they could get their SUV orders filled more quickly.
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  • chiefr
    No surprise, Asians cars are selling like crazy and they don't break all the time.
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  • droptop
    quote:Originally posted by chiefr
    No surprise, Asians cars are selling like crazy and they don't break all the time.(anymore)Guess why? Because their newer automobile assembly plants are FULL of robots made in the E.U. and probably the U.S.

    Chinas newest assembly plant is touted to be the most advanced in the world and manufactures,,, Land Rovers and Jaguars.

    This link should get the english translated version.(Window on link should "pop up" to select language.)
    http://www.cheryjaguarlandrover.com/pc_static/other/factory_changshu.php

    PS: Remember when the U.S. unions fought automation tooth and nail againt automation replacing people? Now, here is china with 1.5 Billion and automating.

    Guess this is just another nail in the United Kingdoms coffin.
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