MAAT INDEX

CLAIM #23826 · Ford Motor Company (F) · 2023Q2 earnings call · Jul 27, 2023 · due Dec 31, 2023

And Ford Credit EBT is anticipated to be about $1.3 billion.

John Lawler · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

entives 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 everybody. So first to Lynn's mother, Tony. I've actually never met you before, but I feel like I know you and I've heard so many stories from your daughter, not just about your humour and your amazing Puerto Rican cooking, but also for your values and how you've always stood up for what is right. So I just want to say God bless you, Tony. And just one question, Jim, thank you for showing the losses in Model E when nobody else in this industry has the courage to do so amongst the legacy peers. Losin

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SEC filings for F · Claim quote is verbatim from the 2023Q2 earnings call.