Donmatteo
FRF Addict
There is literally (correct usage of the word) no reference to cost saving measures in your quote.It looks like cam phasers and other cost savings measures are starting to take take a toll on earnings.
“The drop is because of the continuation of higher warranty costs during the second half of 2019, lower vehicle sales volumes, reduced results from Ford Credit, and higher investment in the development of the next generation of self-driving and electric vehicles.”
https://apple.news/AcgQ19JViToiZAyoW4goDhA
I see warranty repairs - may due to cost savings but could be from record sales in the previous years and the number of cars made. Ferrari sold 10K cars. If 1k needed warranty work, that's 10% of the cars sold. Using that scale. Ford sold 548k cars in just the US. If 10% need repairs, that's 54,800 cars. It's about scale.
Lower Vehicle sales is NOT cost cutting measures. Maybe due to quality. Maybe due to people just didn't by a lot of cars. Ford sold 580,000 in 2018 and 548,000 in 2019.
Reduced results from Ford Credit - no relation to cost saving measures. More like lower volume, people financing from other places.
Higher investment in the development of the next generation of self-driving and electric vehicles - The exact opposite of cost saving measures.