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He was explaining how Ford was super reliable, and i was laughing so hard. To show how dumb this argument, this man is proclaiming fords are the best cars in the world. Guess what car is in my garage currently with a blown engine? That's right, a Ford! We had his Ford towed to my place, so we could park it there, and he still claims the Fords are the best, he just needs to get an entire new engine for it. They weren't called ford exploders for nothing, y'know

He was explaining how Ford was super reliable, and i was laughing so hard. To show how dumb this argument, this man is proclaiming fords are the best cars in the world. Guess what car is in my garage currently with a blown engine? That's right, a Ford! We had his Ford towed to my place, so we could park it there, and he still claims the Fords are the best, he just needs to get an entire new engine for it. They weren't called ford exploders for nothing, y'know

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[–] 0 pt (edited )

Ford

  • 25-30% declining sales MoM against 2020
  • 140b in debt
  • Spent 7b in cash for an EV plant partnership that won't materialize for at least a year.
  • Closed its plant in Mexico due to chip shortages.
  • Domestic plants are running at 50-60% capacity due to chip shortages.
  • Ford got rid of FICO score requirements for its 84 month loan.
  • Average new vehicle prices hit a record in 2021.
  • 90 day Delinquencies are hovering at 5% and only receded during the stimulus checks.

It's hard to advocate a short position in markets with all of the free money and inflation, but I feel like the auto sector is it. Tell me how you could value a company like Ford higher with the current fundamentals.