Episode #1409: Ford raises its profit outlook despite slowing sales, GM bets AI will revolutionize vehicle development, and new research shows consumers aren't anti-AI—they just want honesty.
wsj.com/business/autos/fords-sales-and-revenue-are-down-the-automaker-isnt-sweating-it-4af766eb?mod=autos_news_article_pos2
Ford says fewer sales don't mean weaker demand. Despite a revenue dip and a quarterly loss, the Blue Oval raised its full-year profit outlook, betting that buyers will keep showing up for high-margin trucks and SUVs while it prepares a new wave of more affordable EVs.
-Revenue slipped 4% in Q2 as U.S. sales fell nearly 10% in the first half, driven by the Novelis supplier fire and the phaseout of models like the Escape.
-Ford raised its full-year EBIT forecast to $10–11 billion, beating expectations and sending shares up about 7% after earnings.
-CFO Sherry House says customers remain resilient, with off-road truck and SUV trims now making up nearly one-quarter...