Haas remains one of only two companies without full training for 2023, and most of the issues in the driver market have now been resolved.
See original article to view embedded media.
Mick Schumacher is still fighting for his future in the sport and the American team is still considering whether he deserves a new contract.
Günther Steiner had previously set the criteria by which Schumacher could receive an extension, with greater consistency as one of the key requirements.
Schumacher almost closed the performance gap on his teammate Kevin Magnussen, proving to be as good as his more experienced partner.
Despite this, Nico Hulkenberg is a strong contender to join the team if Schumacher does not stay, with Steiner confirming his candidacy after the summer break.
A new report from Motor Sport Magazine is one of the first to say that Haas have already decided on their pairing for the 2023 season.
Although there is no official information, the report indicates that Niko Hulkenberg will be selected as a pilot next year along with Kevin Magnussen.
Hulkenberg still seems keen to return to F1, with Gunther Steiner "impressed by the ruthlessness of Hulkenberg's phone calls".
Some suspected the 35-year-old would be interested in returning to midfield, but the German avoided entering other categories and remained in the F1 bubble, biding his time.
It appears to be the time to pounce, with Haas reluctant to offer Schumacher a contract extension despite the youngster's marked improvement in performance.
This information is somewhat contradicted by reports after the Japanese Grand Prix, which indicated that Schumacher was in talks with Haas for next year, with both sides avoiding serious negotiations over their futures at the start of the season.
Hulkenberg's failure to reach the podium is often noted, but nothing detracts from his successful midfield campaigns with Renault and Force India.
However, Schumacher's struggles from last year cannot be said to continue, so the youngster is certainly giving Haas a headache.
Günter Steiner said he was in no rush to make a decision and had previously stressed that a final decision could be expected in September or October next year.
September is over and November is fast approaching, so the announcement is just around the corner.
Somehow, the wait for the Haas decision continues.
Singapore Grand Prix 2022 Results | Perez wins the weirdest race of the year
All eyes are on Friday's training report as the Cowboys prepare to fly to Philadelphia for the biggest game of the youth season. While Dak Prescott isn't expected to play, he still technically has a chance (even if it's just a gimmick to keep the Eagles on their toes). Jason Peters looks set to take on his old teammates, and CD Lamb is a late addition with a groin problem, although this has happened before and no time has been wasted.
Meanwhile, Stephen Jones schedules Prescott's return, the two defensive stars discuss how the unit works, and Dan Quinn gets a moment to highlight his actions in the studio. Quinn and his coordinator Keelen Moore are already committed to the Carolina Panthers, at least according to the bookies. Cowboys writer wondering if it's finally time for Turpin to attack Dallas this week, Jerry Jones responding to Danielle Snyder's 'dirty' story, Troy Aikman responding to comments he made on Monday Night Football that caused a stir on social media. This and much more in news and notes.
Cowboys Call Duck Prescott and CD Lam Question :: ProFootballTalk
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Lamb's name was a surprise on Friday's training report when he was withdrawn with a thigh injury. Notably, Lamb was also registered with a hip injury on October 6. He also did not practice that day and was interviewed in the fifth week; He played 51 of 55 Snaps against the Rams.
Prescott could be active for Cowboys, Eagles miraculously recovered in last week 6 injury reports :: Cowboys Wire
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Prescott is officially listed as questionable, meaning he could be a starter, could be a substitute for Cooper Rush, or it could all be a weekend mini-game by the Cowboys coaching staff. Micah Parsons and DeMarcus Lawrence got fully engaged on Friday. Rico Doodle left the field with an ankle injury. All Eagles players except defenders Josh Job and Yanarius Robinson are full; Both of these are questionable.
Cowboys vice president Stephen Jones 'feels so strong' Dak Prescott starts fighting Bears ::105.3 fan
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The door remains open for Prescott to return to the court Sunday in Philadelphia, but the team's executive vice president said he "mostly feels he will definitely play by the Bears rules." This is a team game on Sunday 8 on 30 October. Jones didn't say anything about Week 7 against Detroit, meaning he may still be in the air.
Cowboys' Jason Peters likely to clash with former Eagles teammate: 'It would be fun to beat them' :: Cowboys Wire
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The 40-year-old has only played 35 times since signing for Dallas and missed last week's game with a rib injury, but Peters is looking forward to a second game against his former club on Sunday night. Mike McCarthy said Peters had best practices as a Cowboy and that the linesman was looking forward to playing his old teammate. "Philadelphia, that's my city," he said, "come back, it will be nice to beat them."
How the Dallas Cowboys And Quinn Stopped Crime :: The Outsiders Football
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The Cowboys lead the NFL with 68 four-man strikes. Sometimes Mica Parsons or DeMarcus Lawrence beat their opponents, and sometimes Quinn finds unconventional ways (e.g. using four defensive ends at once) to put his players in an advantageous position. Either way, the movie shows that winning this game with a number in front of you frees up the rest of the units to wreak havoc elsewhere on the field.
Micah Parsons and Travon Diggs vs. Ducks and Dallas D Ready for NFC East Rival Eagles :: The Pivot
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The linebacker/linebacker duo joined Ryan Clark, Fred Taylor and Channing Crowder for a long and lively discussion about the two players' mental preparations for matchday, the evolution of the team's defense under Dan Quinn, and what lay in the room. . proud. . Step forward to contribute.
Mailbag: Should Turbine get more offensive fire? :: mother
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The threat of a quick comeback seems to be a weapon with the ball in his hands, so why not show more activity in attack? The return of Michael Gallup and the involvement of Noah Brown will likely reduce Turpin's chances, but week six against a fierce Eagles defense could be the perfect time to show Turpin's timing.
Jason Kelsey of the Eagles talks about Jason Peters being in the dressing room :: John Machuta (Twitter)
Week 6 Odds and Predictions :: NFL.com
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Cynthia Frolonde's model shows Philadelphia outperforming the Cowboys 23-21, giving the Eagles a 52% chance of winning. Philadelphia is the five-point favorite. Frölund believes Dallas has a 54% chance of being covered. More / less in the game 42 points.
Consider 2 Favorite Cowboy Helpers for NFC Training Jobs :: Heavy.com
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With the Panthers already looking for a new head coach after Matt Rule was sacked, the Cowboys staff caught the eye. Offensive coordinator Kellen Moore and defensive coordinator Dan Quinn are among the high-profile names Carolina should consider, according to the bookie. Quinn's odds of getting a concert tip are +450 just for Sean Payton; Moore has the 4th best single +600.
Jerry Jones rules out breakup with Daniel Snyder :: ESPN
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When asked this week about reports that Commanders owner Daniel Snyder claimed to have "dirty information" about Jones, Cowboys owner denied the truth of the story. "That's all for me," Jones said during his weekly radio appearance. "I don't have this problem." Jones said he had never heard of a move among league owners to try to fire Snyder.
Troy Aikman Responds To 'Pull Dress' Comment He Made During MNF Broadcast: The Dallas Morning News
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While the Cowboys legend was quick to point out that he "fully supports" the rules protecting league quarterbacks, he admits that officials have taken excessive action, and he believes they are trying to carry out an "unwanted action." He admitted "shouldn't have done the hack" which caused some outrage on social media; Ekman himself described his comments on the sky as "stupid".
The story originally appeared in Cowboys Wire.
Prescott Duck CeeDee Sheep Dallas Cowboys Should Target More CeeDee Sheep | Professional Football Discussion | NBC Sports
Was there a January 6 bombing? "Relevant information" obtained from the committee's interview with Jenny Thomas.
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Trump's impeachment nightmare: Aides testify as Justice Department resumes criminal investigation.
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Trump fired: Former MAGA aide says DeSantis is frontrunner.
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Getz is likely to be charged with a sex crime.
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What happens when the richest man in the world owns and operates the world's most powerful platforms on a whim? As right-wing pundits extol the billionaire's wealth and plan to "free speech," MSNBC host Ari Melber discusses Elon Musk's 6-month bid to buy out several Twitter acquisitions and grow his wealth in relation to democracy. . October 10, 2022
Play it.
Fooled: Fox News researchers whip Elon Musk
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go on
See How Trump and Nixon's War on Drugs Was Crushed by Peter Tosh's Masterpiece
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Was there a January 6 bombing? New evidence emerges from Oath leader caught speculating about 'bloody civil war'
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MAGA Alert: Majority of Midwest GOP Candidates Believe Trump's 'Big Lie'
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According to the Washington Post, some FBI agents are investigating tax charges against Hunter Biden.
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The leader of the Oath Guards on trial said the group 'should have taken up arms on January 6'.
As with any adaptation of a previous work, the Netflix series Sandman has made some tweaks to the original stories by Neil Gaiman. Among them, mystery detective John Constantine was cast as Joanna Constantine, and Dr. Gina Colman played dual roles as her and her eponymous predecessor in the 18th century. Speaking of Constantine, it was recently announced that Keanu Reeves will reprise his role as John Constantine, and Coleman responded to the DC movie news.
In case you missed the September announcement, Keanu Reeves meets Constantine director Francis Lawrence for a sequel written by Akira Goldsman. Reeves was the first actor to play John Constantine on live TV, and two years after finding out that both Reeves and Lawrence were about to face off against Constantine 2 , it's happening now! In an interview with THR, Jenna Coleman was asked how she felt about "meeting" the role of Constantine and somehow taking on the role, and she replied:
Besides being a woman, modern Joanna Constantine played a key role in the Sandman series as John Constantine in the original Sandman comics. After escaping from the custody of the Burgess family, Morpheus enlists Tom Stredge to help Constantine snatch the secret sandbag of his ex-girlfriend, and before that, we see Constantine using magic in battle. Satan. Well, Jenna Coleman definitely has bragging rights for being "basically" Keanu Reeves, which makes me wonder what she would do if she was playing a new character or John Wick character right now.
The news of Constantine 2 comes just over a month after The Sandman hit Netflix, so it's definitely time to be a fan of Constantine soon. Jenna Coleman when asked if she thought it was a "coincidence" from Warner Bros. The actress confirmed that Constantine 2 is progressing shortly after The Sandman .
While Jenna Coleman's performance certainly helped elevate Constantine's image, I'd be remiss if I didn't mention that Matt Ryan also played a big part. After directing the short-lived NBC series Constantine , he reprized the character of the CW Arrow series, and has also voiced several animated projects. However, Ryan's time with John Constantine will come to an end after the character exits at the end of Season 6 of Legends of Things and the conclusion of the series' main episode. Between that and the new HBO Max series Constantine (starring The Color Man), Coleman is now the front man on TV and the front runner.
However, even if The Sandman is renewed for a second season (Neil Gaiman explained why that hasn't happened yet), it's unclear whether Jenna Coleman will return as modern Joanna Constantine, but as Sandman comic book readers know, there's still plenty to do. . A story told by Joanna in the eighteenth century. There are also fan calls for the Joanna Constantine spin-off, so if that happens or if we get any major updates on the original show, CinemaBlend will have some important news.
he is active cnn tonight Wednesday, ex. FoxNews This is what political editor Chris Stivalt says. They were released. Online, January 2021. Fox denies this, but some believe it's for a reason. Anger Following the trial, Stirwalt is holding the 2020 presidential election in Arizona. Joe Biden . Although Styrualt didn't hesitate to show it online, he thought Fox was harming his viewers.
“I saw this audience and these people, they were very deceived, and they were very deceived, and they were hidden for years,” Stivalt said, “when they took away a plate of ice cream, and I, Mr. Green Bob, sat across from me. I told them:“ Oh shit, Donald Trump is not going to get re-elected."
But Styrowalt said the network, along with others, gave viewers what they wanted.
“And then, as news consumers, let’s face it,” Strualt said, “it’s not a supply issue, it’s a demand issue, right?”
Video transcript
Chris Stirwalt: I see in this audience and in these people that they have been very deceived, and very deceived, and very hidden for many years.
KYLIE MAR: Former FOX News political editor Chris Stirwalt joined CNN Tonight on Wednesday. He spoke about leaving FOX in January 2021 due to viewer anger after he named the state of Arizona for President Biden in the 2020 election.
Chris Stirwalt: As American journalists, we have obligations to our country. If we love our country and if we love our people, we must ensure that the work we do does not destroy these goals, but serves them.
Kylie Marr: Styrualt recently spoke out against her former employer promoting this story and believes it is detrimental to those who gave their lives for this country.
Chris Stirwalt: When we use fear and we use hate and we use anger and we use paranoia to rank and unite people, then we don't live much – I mean, I think about it. all time. A million American men and women died defending, defending, defending this country.
KYLIE HONING: But Stirualt says the network only delivers what its viewers want.
CHRIS STRUWALT: And then, as news consumers, let's face it. It's not a supply issue. This is the side that interests us, isn't it?
Texas sends immigrant bus to third Democratic-led city
In 2007, Quentin Tarantino and Robert Rodriguez tapped up-and-coming genre filmmaker Edgar Wright to create a fake trailer for the double-feature documentary Grindhouse. Wright suggested, "Don't!", insisting in a stern voice. "If you're thinking about moving into this house, don't." If you're thinking of opening this door, don't. If you're planning to go to the basement, don't go." It was funny because it was so obvious and the audience wanted to scream at the screen. "Don't come in."
This is basically the plot of Jack Crager's The Barbarian, where the less the better. In fact, consider this permission to stop reading this review and buy tickets. Skip the trailers, read the reviews, head to the theaters to see one of the best horror movies of the year.
How to describe Savage without revealing the best twists? Well, this is the triumph of a new subgenre: Airbnb horror. It all begins on a dark and rainy night when a young woman named Tess (Georgina Campbell) tries to get into a safe Detroit rental house she's booked for a job interview the next day. A light shines within. There is another person at home.
In a plot that shows the perils of outsourcing real estate management to no-name tech companies, the house is double-booked and Keith (Bill Skarsgård) has already taken up residence. Despite her best instincts, like most modern, independent women, Tess is on high alert, she has no choice and decides to kick him out of the house while he takes care of everything on his own.
This is the first horror film from Krieger, who is a founding member of the comedy group Whitest Kids U'No, but clearly a fan and student of the genre, a masterful master of tone and scares, he's an exciting young horror director. get up She shows a knack for subverting expectations, so she gives us a horror hero who's smarter than the average scream queen, and a mysterious loner (who once played a famous horror monster) who's a good guy. .
Throughout the film, the process of establishing and subverting expectations is repeated over and over again. Kreger slowly builds the chilling, thrilling sequences into poignant moments of operatic horror, then quickly moves into another chapter, taking a completely different left turn, taking us all to the mountains of Russia. His ease with comedy helps with those abrupt tonal shifts, and The Barbarian is as funny as it is scary.
Tess and Keith look back on the awkwardness of their Airbnb mess, but the film broadens its scope to include the house's other residents and owners over the decades. Crager traces the suburban home's journey through time, through white flight in middle-class neighborhoods and subsequent abandonment, ultimately returning it as a free short-term rental market. Rumors of what goes on in this house are known only to locals, highlighting the dangers of a decaying community plagued by exploitative capitalism and creating the perfect anonymous environment to lure unsuspecting, tech-savvy millennials into their homes.
Crager uses The Savages to explore women as victims, villains, and victors of the horror genre, and how they are endangered and empowered by empathy. The very caring Tess is the perfect victim, but she's also street smart, and her soft skills and ability to read others are her most effective abilities to fight any evil. Campbell's performance is perfectly calibrated, and Creger explains that Tess's emotional intelligence is what gives her a fighting edge.
Kreger weaves together this multi-layered contemporary social commentary as a chilling horror film inspired by classic horror films and tropes. With fresh ideas and plenty of scary skulls, it's that returning charm that makes this a thrilling new and must-see horror movie of the year.
Kathy Walsh is a film critic for Tribune News Service
'wild'
Rated: R for strong violence and profanity, disturbing material, strong language and nudity
Duration: 1h43
Playing: General release begins September 9
Tomarc The Barbarian Atari 2600 Review – The No Swear Gamer Ep 465
Life sciences manufacturers are digitizing their operations to provide more personalized services and avoid supply chain disruptions while reducing costs and innovating for the future. IDC analysts have predicted that by 2023, 75% of life science manufacturers will invest in smart supply chain solutions to enable resilience and prevent future disruptions in health emergencies like COVID-19. According to Forrester researchers, precision medicine therapy accounted for 25-40% of all FDA approvals in the past seven years. They believe that precision medicine "has proven its worth with growing evidence of improved patient outcomes in oncology, cardiology, endocrinology and other disease areas." From the patient perspective, Gartner analysts propose a digital-centric vision of a "wellness journey" that prioritizes digital engagement and the use of digital interactions, products and services in a person's journey to health, wellness and illness.
Data makes life science supply chains smarter
Michael Townsend, research director for IDC's Life Sciences Business Strategy, sees the industry in the early stages of digitization and focuses on the value of technologies that bring intelligence to the supply chain.
"Companies are starting to go digital, using technological intelligence to make better decisions," Townsend said. “For example, there has been significant investment in supply chain solutions such as digital twins, where digital models are created to experiment with performance scenarios at different points in the chain, such as: B. assembly, delivery or geography. You can try alternative options without having to make any changes.
According to Townsend, segmentation is another center of intelligence in the supply chain, enabling companies to identify and store pharmaceuticals and packaging according to country-specific regulations, increase production time, reduce idle inventory and streamline shipments. . Some organizations also use control towers to track demand patterns based on material and component availability to avoid overstocks and shortages. For example, if cases of COVID increase in a certain area, vaccine manufacturers can act more quickly to purchase and distribute prevention and treatment products in that country. Linking data in the supply chain for rapid response time applies to all unforeseen disruptions, including natural disasters and political conflicts.
Expert wisdom on the surface of the ecosystem
Mandar Paralkar, SAP Life Sciences Industry Director, agrees that the company is shifting from a historical focus on fighting disease through mass-produced drugs to personalized therapies that improve outcomes for individual patients and involve greater ecosystem collaboration. In industries with longer product development cycles, collaborative consortia like SAP Industry Cloud are a way to share information for faster success.
"From start-ups to established market leaders, life science companies are using technology to improve patient outcomes and business profitability while reducing costs and risks," said Paralkar. “They recognize the need to compete as an ecosystem through connected digital supply chains and smart factories. One example is SAP Intelligent Clinical Supply Management, a solution we developed together with a consortium of customers and partners. This collaborative effort demonstrates how collaborative cloud innovation has the potential to help life science organizations design, manufacture and deploy effective solutions faster, enabling an ecosystem of partners to deliver value-added services.
Cloud-based technology revolutionizes life science
The pandemic has shaken the life sciences, revealing a new vision for innovation through cloud-based collaboration. Almost overnight, companies have invested in technology to enable working from home, leading to new ways of thinking about using technology in areas such as process automation and distributed clinical trials, and relationship collaboration.
"Collaborative centers where many trusted entities can share information, work together to learn from each other and solve problems are part of the life sciences vision," Townsend said. “Professionals involved in clinical supply chains and other aspects of the life sciences struggle to streamline processes, advise software vendors and share information across systems. Cloud-based software is essential. When using subscription software, updates are almost real-time and it's much easier to collaborate and access different data sources if they're available in the cloud.
Achieving a healthier and more profitable vision
As costs and regulatory pressures increase and informed patients demand personalized care, digital innovation will change the life sciences landscape. IDC researchers have predicted that within a few years, 75% of trials will be "patient-centric" distributed clinical trials, 90% will be hybrid and at least 10% will be virtual, thanks to the 30% increase in connected healthcare technologies. . . They say the digital prescription therapy market will triple by 2025, with a focus on mental health and chronic disease, blurring the line between healthcare and life sciences. Notably, Gartner analysts have advised life sciences providers to "prioritize clinical solutions that incorporate interoperability as a core feature, including easier content and data connectivity between clinical sites, sponsors, clinical research organizations and participants others in the ecosystem. Trusted intelligence is critical to a healthier future.
CSCC Business Insights EP6: Business Opportunities for Slovenians in British Columbia
Novaya Gusarovka, Kharkiv region, Ukraine – Protests erupted in Russian cities after President Vladimir Putin announced the partial mobilization of his army. As part of the mobilization, military reserves will be sent to the front lines in Putin's war with neighboring Ukraine, a front line that has recently collapsed in the face of Ukrainian counterattacks.
After humiliating defeats on the battlefields around Kharkiv, Ukraine's second largest city, CBS News correspondent Deborah Bata saw how frustrated Putin's forces were on the ground.
Kharkiv, the most heavily fortified Russian base in the occupied northeastern region, fell within hours of being besieged by Ukrainian forces.
Putin mobilizes more troops after dealing with setbacks 04:08
According to him, the six-day operation in the area was led by Lieutenant-General of the Special Forces Taras Berezovets Brigade in Bohon.
"If the Ukrainian army fails here, I think the whole attack is in danger," he told CBS News.
The small village of Novaya Gusarovka has a Russian base called Moskva or Moscow in the line of fire. Russian forces set up their regional headquarters here, but now, looking at the base, Bata said they fled in a hurry, it was like a museum of terrorism.
The cards in poker that were interrupted by the Ukrainian invasion are still on the table where they were thrown. Military rations, gas masks, musical instruments – everything remained in place. It appears that the commanders initially fled, leaving their forces in a nearby camp.
Senior Lieutenant Taras Berezovets of the Bohun Brigade of Ukrainian Special Forces inspects items left by Russian soldiers in a trench who fled the front line in the Kharkiv region in September 2022. CBS News.
Bata followed a long series of Russian trenches dug near the base that Putin's forces had occupied for more than six months. Leave it as is. Food jars, a fur coat, religious icons, and an old typewriter were dropped as soldiers fled.
"Ukrainian forces effectively attacked the Russians," Berezovets told PAT. “Not from the front… they were coming from the side.”
"They ran away from here like mice," he boasts.
The Russians who captured territory in the region must have been one of the elite units of their country, including several paratroopers.
President Biden criticizes Russia and Vladimir Putin in UN speech 05:09
Those Putin now invites to the front lines are much less experienced soldiers, some of whom have never fought. With the Russian army partially mobilized, Putin found himself calling 300,000 men to fight. Some Russians had already been drafted into the army, and all medically trained reservists were ordered to do so immediately.
The move was widely unpopular and sparked protests across the country, with more than 1,300 people arrested shortly after Putin's announcement, according to independent Russian monitoring group OVD-Info.
Russian police arrest demonstrators during a protest against President Vladimir Putin's partial military mobilization amid the war in Ukraine, September 21, 2022, in Moscow, Russia. GT
CBS News reported that Ukraine detained hundreds of Russian soldiers during a raid near Kharkiv. It should be used in a prisoner exchange like the last exchange, which released more than 200 people fighting for Ukraine, including two Americans.
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Watch the full screaming match between Trump, Pelosi and Schumer in front of the camera The Washington Post
Last week, the Gutfeld Late Night Show on Fox News! It marked its sixth consecutive week as the most-watched late-night program, ahead of CBS's The Late Show with Stephen Colbert, NBC's The Tonight Show with Jimmy Fallon and ABC's Jimmy Kimmel Live, but the FNC networks fell sharply. led to So what explains the ratings for a show that debuted exactly a year ago?
Gutfeld's executive producer Tom O'Connor said, "I think after 18 months it became a date"! "Part of the reason is that the audience really connected with some of the new guests we introduced, but they got to see the FNC stars relax for an hour."
One such star on Wednesday night was Fox & Friends co-host Steve Ducey, who made plenty of laughs and a few "ooooo" jokes about Democrats getting "excited about the idea of a red wave" while following Bill Clinton's "blue dress" idea.
Night and day, Gutfeld! It offers viewers a late-night version of The Five with a rare guest cast, featuring Fox News contributors Keith Timpf and George Murdoch (a wrestler known as Tyrus), along with an actor playing a Fox News gadget like Ducey. and comedian Terence K. Williams. Among the guests this week was Jared Kushner, casual in a black turtleneck and jeans.
"You see someone like Dana Perino or Brian Kilmeade, who are naturally funny, sharing the stage with a veteran comedian like Jamie Liso or Joe DeVito, and it works," O'Connor said. “And, of course, the success has a lot to do with the fact that Greg, Kat and Tyrus aren't afraid to speak their minds, usually something unexpected and fun. Ultimately, it's proof that Fox News had the guts to do it. , the show and the producer of this freedom.
Last week, Gutfeld! It was the only late-night show on television to average 2 million viewers (Colbert had a combined audience of 1.867 million, Fallon's 1.481 million and Kimmel's 1.3 million). The Daily Show from Comedy Central didn't come close to that number, reaching 349,000 viewers.
"It's definitely a great place for our writers and producers to take comedic risks (or in Greg's monologues or parodies)," O'Connor said. "It's a traditional day and feels a little weird at night. I really think people appreciate it and appreciate it. Whether they like a particular joke or not, they respect that we're one of the few who do it.
Ford Motor said third-quarter operating income will be below consensus due to parts shortages and inflation.
However, Wall Street doesn't seem to care about Ford (brand: F) or its peers. There are some positives to be drawn from Ford's surprise report.
In a statement Monday, Ford said it would not complete production of 40,000 to 45,000 high-margin trucks and SUVs before the end of the third quarter. This car will be ready by the end of the year.
Ford said the production shortfall, combined with $1 billion in higher-than-expected costs, will hit quarterly operating income by between $1.4 billion and $1.7 billion. Before the update, analysts had expected around $2.9 billion in operating income. Based on the median estimate of Ford's new management, the company's operating profit is about $1.4 billion.
In fact, the size of the losses was not that great. RBC analyst Joseph Spak downplayed this, saying the unwritten tools cost the company about $600 million in operating profit, or about $14,000 each. (For the entire Ford lineup, including low-margin vehicles, operating income per unit for vehicles sold in the first half of 2022 is approximately $3,000.)
That $600 million plus $1 billion in higher costs adds up to $1.6 trillion, more than the Wall Street consensus estimate of $1.4 trillion in losses. The bottom line is that Ford beat expectations in the third quarter by about $200 million under normal operating conditions.
This is only a theoretical possibility. However, despite the disappointing third-quarter news, Ford stood by its previous estimate of $11.5 billion to $12.5 billion in annual operating profit. Given the results of the first three quarters of the year, Ford needs to earn about $4.5 billion to reach this figure in the fourth quarter.
This would be a great result. Spak is valued at around $3.1 billion, while the Wall Street consensus suggests an operating profit of $3.2 billion.
Spak estimates that adding $600 million in operating profit from Ford's unfinished vehicle losses to its fourth-quarter revenue guidance would bring its forecast to around $3.7 billion, raising the consensus estimate to $3.8 billion. Ford hopes to achieve much more than that, with a strong end to the year.
Citi analyst Itai Michaeli said if Ford sticks to its full-year operating profit forecast in a higher cost environment, Ford should have a much better product range and better prices than expected. The company's ability to retain its drivers also shows the automaker is not facing a demand problem, he said.
Michael isn't sure other automakers are in the same position as Ford when it comes to costs and parts shortages. But Spak wasn't too worried. "We will not be too quick to predict problems for Ford [other automakers]," the analysts wrote in a report released Monday. "Obviously supply remains volatile, but different issues hit automakers at different times."
Both analysts were upbeat on the Ford news, but not on the stock. Spak rates Ford's stock as a Hold with a $15 price target. Michaeli also assigns a hold rating to the stock with a target of $16.
Ford's update surprised no one along the way. No one is upgrading or downgrading their stock or changing their target price.
Overall, 40% of analysts recommend buying Ford stock. This is below average. The average purchase ratio for S&P 500 stocks is around 58%. The average analyst price target is nearly $17 a share.
Ford shares rose 12.3% on Tuesday to $13.09. The S&P 500 and the Dow Jones Industrial Average were down 1.1% and 1%, respectively. General Motors (GM) shares fell 5.6%. Shares of Tesla (TSLA) fell 0.1%.
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