AD #2987 – GM & Ford Convert More Temps to Full-Time; Foxconn to Make EVs with Byton; Ford a Force for Social Good?

January 5th, 2021 at 11:45am

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Listen to “AD #2987 – GM and Ford Convert More Temps to Full-Time; Foxconn to Make EVs with Byton; Ford a Force for Social Good?” on Spreaker.

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Runtime: 10:24

0:07 GM & Ford Convert More Temps to Full-Time Employees
0:46 December Sales Forecast Shows Market Still Recovering
1:13 Most Active Automotive Stocks
3:55 VW Forms New Division for Energy & Charging
5:11 Foxconn to Make EVs with Byton
6:04 Honda ‘Car Mask’ Removes Viruses from Cars
7:23 New Lidar Company Announces Solid State Lidar
7:53 Bridgestone Using Drones to Detect Rubber Tree Disease
8:39 Ford Branding Self as Social Do-Gooder

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28 Comments to “AD #2987 – GM & Ford Convert More Temps to Full-Time; Foxconn to Make EVs with Byton; Ford a Force for Social Good?”

  1. Wim van Acker Says:

    @Sean on Most active automotive stocks: the number of shares says nothing. You have to look at traded value, so number of stocks times stock value.

    At the end of the show you repeat this nonsense: “Ford was one of the most heavily traded automotive stocks with 63 million shares trading hands? Compare that to General Motors, where only 13 million shares were traded. GM has four well known car brands, but as a corporation, General Motors is practically invisible to the public.” The traded volume of Ford was 63 million times $8.60 = $540MM, of GM 13 million times $41.6 = $540 MM. Ford is a hot stock and GM is practically invisible to the public?

    This is like your recent statement “several automotive suppliers are larger than OEMs”, which I called you out on and you never rectified. I suggest you either get educated in finance and get understand topics like this or you have somebody who understands this take care of it.

  2. Wim van Acker Says:

    @1: “and start understanding topics like this or you have somebody who understands this take care of it.” instead of “and get understand topics like this or you have somebody who understands this take care of it.”

  3. cwolf Says:

    I see that it said the Honda car mask “removes” virus droplets but it does not say it kills them! I can’t imagine having this dirty filter in my car for 9,000 miles. IMO, this would be like keeping all your used clenex in your car, or even more clear, putting an outhouse next to the front door. I believe it much wiser just to clean the vehicle more frequent.

  4. cwolf Says:

    Seems like every manufacturer is getting into the charging business instead of getting together to agree on developing a single charging plug. I don’t think it makes much sense to have to carry a bunch of adapters on long trips. This is one major reason why EV’s are best used as a city car where charging is done at home.

  5. Lambo2015 Says:

    I’m no stock guru but I also wondered what it means to have stock trading hands, verses an actual increase in stock price? Shuffling around means next to nothing other than its at a price where many must figure its a good buy while others feel its a good time to sell. Tells me the stock price is where it belongs.

    I will say that corporate image can do wonders for a company beyond the products it produces. Its the whole idea behind name brands, Marketing 101. They may or may not be any better than the other similar products but can still fetch a premium price for a name like Gucci, Armani, Rolex, and even Apple and Tesla. Having public perception that the company is more than a car company could really help Ford but they also have a long standing history that will make that battle a tough one. Its easier for a new company like Tesla to be the beacon of social responsibility and not have any prejudgements to overcome. Not sure that many people actually decide on a car purchase from a commercial anyway so this may be a good strategy for Ford. Plus any efforts they make in helping the community around them is a good thing too.

  6. Wim van Acker Says:

    @4: yes, it would be great if they would be able to get to an agreement on standard chargers. It is a common interest for all EV producers: it would help lower the availability of charging stations, one of the main barriers to entry for EVs.

  7. ChuckGrenci Says:

    John, nice spot on the “Advocate for the Automotive Industry”. Automotive has most always been on the forefront of the American experience and it’s nice that you applauded that (we always knew that you supported them).

    I wonder what the flow-rate of that virus filter is; catching nanoparticles has got to be a very fine mesh and restrictive. One way to alleviate virus concentration (on the filter) would be to add a UV light or ozone generator to kill (them ‘critters’).

  8. John McElroy Says:

    #6. Chuck, thanks for the feedback on our “Advocates of the Auto Industry.” No one else is publicly supporting this industry, so we will.

  9. John McElroy Says:

    #1. Vim, almost every major financial outlet reports on the most active stocks. And they don’t weigh them with the share price. They want to show where investors are most actively trading. Same for us.

    Using your logic we should not report car sales, but instead should report car sales x MSRP (which doesn’t make any sense to do).

    Our report that some suppliers have a higher market capitalization than some OEMs is factually true and so there is nothing to rectify in our reporting.

  10. Lambo2015 Says:

    Sorry if this posts twice it was sent an hour ago and didn’t show up.

    On Ford; I will say that corporate image can do wonders for a company beyond the products it produces. Its the whole idea behind name brands, Marketing 101. They may or may not be any better than the other similar products but can still fetch a premium price for a name like Gucci, Armani, Rolex, and even Apple and Tesla. Having public perception that the company is more than a car company could really help Ford but they also have a long standing history that will make that battle a tough one. Its easier for a new company like Tesla to be the beacon of social responsibility and not have any prejudgements to overcome. Not sure that many people actually decide on a car purchase from a commercial anyway so this may be a good strategy for Ford. Plus any efforts they make in helping the community around them is a good thing too.

  11. Lambo2015 Says:

    4 I thought there was already an ANSI standard for EV plugs that everyone was using besides Tesla.

  12. Kit Gerhart Says:

    Regular HEPA filters, like used for semiconductor clean rooms, should remove more than 99.8% of covid viruses, if what I found was correct about their size as 60-140 nm diameter. The filters would probably have more back pressure, and need more “push” from the fan than regular cabin air filters.

  13. cwolf Says:

    8) Level 2 chargers in the US are standardized, but I think Level 3 (Fast Chargers) vary. I believe Tesla Superchargers are only for Tesla. Perhaps the use depends upon rate of charge. I don’t really know much about them.

  14. Kit Gerhart Says:

    13 A guy I talked to Saturday with a Porsche Taycan had an adapter to use Tesla chargers. Maybe it was only for “destination” chargers, though. Also, I guess I don’t know if the adapter was “approved” by either Porsche or Tesla.

  15. Wim van Acker Says:

    @9: TESLA was the last on your list. Traded 40 million shares * $738 = $ 29.5 billion (with a “b”). Versus $540 million for Ford (with an “m”). So investors traded 55 times more money in TESLA than in Ford.

    Do you continue to think that the number of shares traded is relevant, John?

  16. Kit Gerhart Says:

    15 Whether it “makes sense” or not, number of shares traded is the standard published metric for most active stocks.

    https://finance.yahoo.com/most-active

  17. cwolf Says:

    Wim’s view of traded stocks X value is more of a reflection of Market Capitalization during a specific time window. Just the number of traded shares is an easier way to evaluate what is happening in the market during a trading period.
    There is nothing wrong with this way of comparing if it fits ones needs but there are better tools.

  18. cwolf Says:

    Perhaps better said:
    Traded shares are a variable
    Wim’s expression is an equation
    they are not interchangable

  19. cwolf Says:

    I’m not sure if I need a new vehicle nor what would satisfy me, but I’m in the thinking process.
    I like my MKZ for the ride and comfort. But i would like even more comfort if I were to buy another cruiser. On the other hand, my eye has been on the honda Ridgeline. It has a good ride for a truck and I could haul all the things I would want to.On the other hand, my wife inherited her dad’s new Escape with few miles, so maybe I should try an EV, like the Bolt, MustangE, ect.
    The EV still sounds like a pain in the ass.
    Think I’m leaning toward a larger comfort car or the Ridgeline.
    Hoe about sharing your 2cents worth to help me narrow my choices.

  20. Kit Gerhart Says:

    19 If you want more comfort than the MKZ, that might not be easy, unless you really want to spend a lot of money, or get a big Benz a few years old. If you want a truck, but don’t really need a truck, the Ridgeline is the best one available.

    If you can do your normal driving within range of charging at home, an EV shouldn’t be a pain. For luxury, Audi e-tron is probably the best. For value and performance, with bad ride, Tesla Model 3. Stodgy, but practical, Bolt. The Mach-E looks promising.

    I like my Camry hybrid for a grand compromise of efficiency and reasonable comfort, but as I remember, you checked it out and didn’t like it.

  21. cwolf Says:

    I’m sorry Kit, but the my options really suck and makes my point! There are no comfortable sedans that are affordable.
    I think we agree the Ridgeline is pretty hard to beat for most uses eventhough it costs a bit more. But that is relative.
    For as much as I would like to try an EV, it is not the time

  22. Kit Gerhart Says:

    21 I guess comfort is all relative, and there are various aspects of comfort. Overall, I consider my Camry more comfortable than my Corvette, because it is quieter and rides better. In one way, though, the Corvette is at least as comfortable. The seats fit me very well. Actually, my 2010 Mini which I recently sold, was reasonably comfortable to me. The seats were comfortable, and the car wasn’t terribly noisy. Most interstates are smooth enough that ride quality is a nonissue for road trips.

  23. Bob Wilson Says:

    So Apple and Foxconn will suddenly make perfect EVs in two years? ROTFLMAO!

    If this makes some ‘feel good’ about the next Tesla killer … well I’m patient and my money stays on TSLA stock.

  24. Kit Gerhart Says:

    Foxconn seems to do a decent job of making iPhones and iPads. Yeah, they may discover that cars are different.

  25. Lambo2015 Says:

    23 Any of these companies that want to get into the EV car business will soon find out just how difficult it is. Not because manufacturing a EV is so difficult but the industry takes a high investment to even get started. It takes years to get from start up to where your actually selling a vehicle and you burn through tons of cash in the meantime.
    I believe many of these companies look at EVs as just like any other electronic device like building a phone. They can out-source most of the commodities to get a decent suspension and interior and an EV powertrain is less complicated that an engine and transmission.
    Unlike a phone or washing machine however cars have to go through governmental required testing for passenger safety. The tricky part about this is the testing is not supposed to be done with a prototype vehicle. The testing requires the car to be built as it will be sold to the customer with your production tooling. So after spending the money on the expensive dies and stampings, then you can proceed to testing. When these companies want to hand build a few cars that’s fine but when they want to sell over 60-100 cars per year they have to comply with the NHTSA and IIHS testing which requires them to destroy about 9 vehicles. If they fail a test that requires a redesign and the testing is done again destroying more vehicles until they pass. That’s just for passenger safety and I know vehicles were crashed for fuel safety too and some regulations were put in place for electrolyte spillage and other things specific to EVs. (not that familiar) But the point is getting into the car manufacturing business is tough and expensive and sure a company like Apple has deep pockets but it is nothing like launching a new phone. This is why you see so many start-ups flop.

  26. Roger Says:

    I call bullshit on your story FORD BRANDING SELF AS SOCIAL DO-GOODER.

    Ford is a racist company, as evidenced by the fact Fords original launch date for the new Bronco coincided with O J Simpsons birthday. Simpson who many believe got away with murder and the Bronco are forever linked together.

  27. Kit Gerhart Says:

    26 I give Ford the benefit of the doubt on the OJ’s birthday thing being unintentional, but if you go back in time, Ford certainly has had a dark past, as old Henry was a Nazi sympathizer, and had published a virulently anti-Semitic newspaper.

    To me, though, none of this has much to do with today’s company, but the “social do-gooder” thing is a bit pretentious.

  28. Gerry Parij Says:

    John’s coverage of the OEM;s that stepped up to make ventilators and PPE’s was interesting. There was a conspicuous absence of OEM’s with foreign ownership like FCA for one example. American investors and politicians should remember this when they think about US based auto companies.