Automobiles, Motorcycles and Libertarian Politics
This is yuge – and not good, either.
Ford just released its Q3 earnings and while the company is still making money, it is making a lot less money. Pre-tax net earnings are down to $1.4 billion, which sounds solid until you compare them with the previous quarter’s pre-tax net earnings, which were $3 billion.
In plain terms, Ford earned less than half during the third quarter vs. the previous quarter.
I wrote a few weeks ago about the canary in the coal mine.
He just hit the bottom of the cage, feet up.