12/27/2023 0 Comments Llc writedown![]() ![]() But he declined to comment on a Wall Street Journal report that Ford is planning to lay off thousands of workers as part of its restructuring plan.įord said that its shipments in Europe were up about 22% from the year-earlier period to about 222,000 vehicles on supply chain improvements and strong demand for its commercial vehicles. He did acknowledge that it is not "cost competitive" with rivals at the moment, something that the company is working to change. Lawler reiterated that Ford is targeting a total company adjusted EBIT margin of 10% - and an 8% EBIT margin from its EVs - by 2026. Starting next year, the company will report results for three business units: Ford Blue, representing its legacy internal-combustion business Ford Model e, its electric vehicle business and Ford Pro, its commercial vehicle operation. That was good news for the company's profit margins, as those incremental SUV sales largely replaced sales of Ford's now-discontinued and less-profitable car models.īut, the company said, inflation - specifically, higher prices for key commodities and transportation - offset those gains to some extent.įord is in the midst of a major restructuring, devoting more resources to electric vehicles and trimming $3 billion in annual costs from its internal-combustion development efforts. Despite ongoing supply chain challenges, the automaker was able to build more of its popular models for its U.S. sales were up 1.8% in the second quarter from a year ago, powered by an 8% year-over-year increase in sales of Ford brand SUVs and crossovers. But despite that gain, Ford's net income was just $667 million after it accounted for a $2.4 billion decline in the value of its stake in electric vehicle startup Rivian Automotive. Net income: $667 million versus $561 million in the second quarter of 2021.įord said that its adjusted earnings before interest and tax, or adjusted EBIT, jumped to $3.7 billion from $1.1 billion a year ago, as its margin improved to 9.3% from 3.9% on supply chain improvements and a more profitable mix of products sold.Analysts had expected $34.32 billion, on average, according to Refinitiv. Automotive revenue: $37.91 billion, up from $24.13 billion in the second quarter of 2021.Wall Street analysts polled by Refinitiv had expected 45 cents. Adjusted earnings per share: 68 cents, up from 12 cents in the second quarter of 2021. ![]() Rodriguez (8-0), who made it to the UFC thanks to a dominant decision on Dana White’s Contender Series, won her UFC debut against Kay Hansen in April and has five knockout wins to her name.Shares were up over 6% in extended trading after the news was released. ![]() Hughes knows she’s in for a tough scrap with the Venezuelan, who has shown she’s willing to walk through fire to get a victory. “It definitely does and that’s my full intention.” So, does getting a win by finish motivate her to get one against Rodriguez? I think I had that smile on my face for the next week,” Hughes added. “Honestly, I couldn’t wipe that smile off my face I was just so happy. It was an accumulation of all my hard work and my training in that moment. Sayif was pushing me, saying that ‘We need this finish we need a stamp on it that says we’re here and we’re willing to show everybody who we are in the strawweight division,’” Hughes said. I’m not a stranger to hard work and I work my ass off every single day, but it just felt like everything came together at the right moment. She knew the pressure was on and she had to prove she belonged fighting with the best the world has to offer. Her first three UFC bouts didn’t go as expected, so that’s what prompted Hughes to make the move to Dallas. The first two wins of Hughes’ streak were massive for the rising strawweight. The only one left for Hughes to hit is a three-fight win streak, which she can cash this Saturday at UFC Fight Night: Grasso vs Araújo when she faces undefeated prospect Piera Rodriguez. “I’ve been checking off each of these boxes on the way.” First was to get a win with Fortis, second was to sign a new UFC contract, and the third was get a three-fight winning streak,” Hughes told UFC.com. Saud challenged her to write down her goals for the calendar year and see where a true year of dedication could get her. She called Fortis MMA head coach Sayif Saud to let him know that she was committed to making 2022 the best year of her mixed martial arts career.
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