“We now expect Ford Blue to deliver full year EBIT of about $8 billion.”

In context

“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 Pro's EBIT to approach $8 billion with a significant year-over-year improvement driven by pricing and volume, including the benefit from the alley. And Ford Credit EBT is anticipated to be about $1.3 billion. So that wraps our prepared remarks, and we'll use the balance of time to address what your minds. Thank you. And operator, please open the line for questions. Operator: [Operator Instructions] Your first question today comes from Adam Jonas with Morgan Stanley. Please go ahead. Adam Jonas: Hey”