On June 24th Ford is spending zillions putting on the Detroit fireworks display.
Why in the world don't they use that money to pay off debt, reduce legacy costs, build up the rainy day fund and more importantly increase shareholder value.
Ford, everyday, is in the news for sponsoring some event or giving huge amounts to charities. Analysts are critical of Ford's big debt so why not work on that before throwing money away or converting profits to smoke and fire.
Ford needs to get their own house in order , shareholder value up and debt down before they become a charity case themselves.
Ford needs to decide if they are going to run a car manufacturing business or a "Mother Waddles" type charity.
You're throwing a fit over a fireworks show which might cost Ford, at most, $500,000 for its sponsorship. Ford, a company with a market cap of $55 BILLION. That's .0000009% of Ford's market cap and .00002% of Ford's Q1 profits. Really?? Step away from the keyboard, go outside, and get some fresh air.
What you don't realize is that debt is actually financing for car purchases for their customers. Ford is making money off of that debt by increasing purchases of vehicles, and by collecting a tiny amount of interest on those loans.