#barclays
Side Mirrors and Tired Buzzwords: Ford Gets a Rough Ride at Wall Street Meeting
It’s no surprise to anyone reading this site that the suits on Wall Street are unimpressed with Ford’s attempts to haul itself out of the proverbial financial basement. With a recent downgrade by Moody’s to near-junk status, the Blue Oval needed to reassure the money mavens that the company is on track for success.
That’s not what happened at a recent presentation made by Joe Hinrichs, Ford executive VP and head of global operations, at Barclays Global Automotive Conference in New York earlier this week. Despite a 25-minute talk supported by a 21-slide PowerPoint deck, investors were left wanting more information.
In the words of one economist who listened to the speech: “Rarely have I heard so many tired old buzz words that told us so little.”
Report: Autonomous Vehicles Displacing Traditional Models Over 25 Years
Per a report from Barclays, U.S. new-car sales may fall as much as 40 percent over the next 25 years as shared autonomous vehicles take hold of the market.
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