“we now expect full year total company adjusted EBIT of $11 billion to $12 billion, primarily reflecting stronger net pricing in Ford Pro and Ford Blue with adjusted free cash flow of $6.5 billion to $7 billion and capital expenditures between $8 billion and $9 billion.”

In context

“sidual value performance, all of which was already reflected in our full year outlook. Credit loss performance remains strong and below our historical average but is expected to increase and auction values remain robust, but are down from their peak in the first half of 2022. Before turning to our outlook, let me provide a little more text regarding some. In my mind, this is the real opportunity for value. We are already seeing sustained double-digit quarter-over-quarter growth in subscriptions across all of our business segments and most importantly, at gross margins of around 50%. And our next-generation digital platform will enable a step function change in capability, allowing us to scale and deliver value to both our retail and commercial customers even faster. Regarding our outlook, we now expect full year total company adjusted EBIT of $11 billion to $12 billion, primarily reflecting stronger net pricing in Ford Pro and Ford Blue with adjusted free cash flow of $6.5 billion to $7 billion and capital expenditures between $8 billion and $9 billion. Our guidance reflects headwinds, which include continued global economic uncertainty and inflationary pressures, higher industry-wide customer incentives and continued EV pricing pressure, increased warranty costs, lower past service exchange and costs associated with union agreements. And tailwinds include improvement in the supply chain and higher invite volume, all-new Super Duty and lower comps. Now turning to the segments. We now expect Ford Blue to deliver full year EBIT of about $8 billion. We expect higher volumes and stronger mix and more than offset any potential pricing headwind. The Model E to report an EBIT loss of around $4.5 billion, largely reflecting the present pricing environment, disciplined investment in new products and capacity and other costs. We also expect Ford P”