I want to get to one more move though. Um, out of the the finance the financial space. Uh, Bin, you bought more of Blue Owl Tech Finance F.We really were watching BDC stocks very closely over the last month at least. Uh, and they all had a bad month. All all of them.Why are you buying more. So I think when you look at how people underwrite debt, right, whether it's Kimco, whether it's Blue Owl, you really have to or Apollo or Aries etc. who's doing the underwriting and do you have confidence in that team. A ...

Core Insights - Ford is experiencing significant improvement in fundamentals, with accelerating revenue growth and five consecutive quarters of double-beat performance [1] - The stock price has increased, indicating positive market sentiment towards the company [1] Financial Performance - Ford has reported a streak of five consecutive double-beat quarters, showcasing strong operational performance [1] - The company is highlighting an accelerating revenue growth, which is a positive indicator for future performance [1] Market Sentiment - The stock's upward movement reflects a favorable perception among investors regarding Ford's financial health and growth prospects [1]

Core Points - California has some of the strictest consumer protection laws in the U.S., facilitated by its ballot proposition system, allowing citizens to propose laws without needing support from the governor or legislature [1] - The Song-Beverly Consumer Warranty Act, enacted in 1970, is a significant consumer protection law that safeguards California car buyers from faulty products [2][3] - Under the Song-Beverly Act, manufacturers may be required to buy back or replace defective vehicles after a reasonable number of repair attempts, and retailers must cover litigation costs if sued [6] Company and Industry Insights - Ford's total U.S. vehicle sales have shown a positive trend, with 2.08 million vehicles sold in 2024, marking a 4.2% increase from 2023, which saw 1.99 million vehicles sold, a 7.1% increase from 2022 [5] - Ford has been involved in legal disputes related to lemon laws, including a civil racketeering lawsuit against lemon-law firms, alleging overbilling for legal fees [7][8] - A judge dismissed Ford's lawsuit, citing Noerr-Pennington immunity, which protects petitioners from antitrust claims when lobbying the government [9]

Core Insights - Ford's commercial business, Ford Pro, is a significant profit driver, generating $5.6 billion EBIT at a 10.9% margin, contrasting with Ford's Model-e division, which lost $3.6 billion [3][4] - Stellantis is expanding its commercial fleet business in the U.S., aiming to capture market share where it currently holds only 12% [5][6] - General Motors faced setbacks with its BrightDrop electric delivery van, halting production due to market challenges, which may benefit Stellantis [11][12] Ford's Performance - Ford's traditional gasoline and hybrid retail business, Ford Blue, generated $2.3 billion EBIT at a 3.1% margin [3] - Ford Pro's paid software subscriptions increased by 8% sequentially, reaching 818,000 subscribers, indicating growth in high-margin business [4] Stellantis' Strategy - Stellantis has gained about 30% market share in its European commercial division and is now focusing on the U.S. market [6][7] - The company reported a 22% surge in U.S. fleet sales during the third quarter, attributed to timely pricing for its 2026 models [8] General Motors' Challenges - GM's BrightDrop electric delivery van production was halted due to a slow-growing market and regulatory changes, impacting its commercial ambitions [11]

Core Insights - Ford's first electric vehicle, the Ford Mustang Mach-E, has officially begun pre-sales, offering both extended-range and pure electric versions with starting prices of 229,800 yuan and 259,800 yuan respectively [1] Group 1: Vehicle Performance - The extended-range version of the Ford Mustang Mach-E demonstrated quick acceleration, stable power output, and comfort during city driving, while also showcasing strong off-road capabilities in challenging environments [1] - The vehicle features a 105.4 kWh battery, providing an electric range of 220 km and a combined range of 1,220 km [2] - The vehicle's suspension is well-tuned to filter road bumps, providing a smooth driving experience [2] Group 2: Intelligent Features - The Ford Mustang Mach-E is equipped with a large AR-HUD (Augmented Reality Head-Up Display) that remains clear even in bright sunlight, displaying navigation paths and integrating driving assistance information with real-time traffic [2] - The vehicle performs well in dense traffic during highway navigation, executing automatic lane changes and adaptive cruise control smoothly [2] Group 3: Off-Road Capabilities - The Ford Mustang Mach-E excels in off-road conditions, effectively handling various terrains without a traditional body-on-frame design, thanks to its intelligent all-terrain mode and mechanical differential locks [3] - Key specifications include a 30-degree approach angle, 32-degree departure angle, 220 mm minimum ground clearance, and a maximum wading depth of 600 mm, indicating strong off-road performance [3] - The vehicle's systems provide pre-warning for sharp turns, recommend optimal cornering speeds, and automatically engage descent control on steep slopes [3] Group 4: Market Position - As a new energy off-road vehicle, the Ford Mustang Mach-E presents a competitive edge by balancing off-road capabilities with everyday usability [4] - However, the off-road vehicle market is highly competitive, posing challenges for the Ford Mustang Mach-E to maintain its market share [4]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Company and Industry Analysis - The analysis is intended for informational purposes only and should not be considered as professional investment advice, indicating a focus on providing insights rather than direct recommendations [3][4]. - There is a clear distinction made between the opinions expressed in the article and those of Seeking Alpha as a whole, suggesting that the views may not represent the platform's official stance [4].

Core Viewpoint - Ford Motor Company is experiencing a stock increase of over 17% this year, but faces significant challenges and opportunities primarily related to its electric vehicle (EV) strategy [1] Financial Performance - Ford's Model e business is heavily loss-making, with a revenue of $5.4 billion and an earnings loss of $3.6 billion in the first nine months of 2025 [4] - The Ford Pro segment generated $51.4 billion in revenue with earnings before interest and taxation of $5.6 billion, while Ford Blue had $74.8 billion in revenue and $2.3 billion in earnings [4] Electric Vehicle Strategy - Ford's strategy of releasing EV versions of successful internal combustion engine (ICE) vehicles has faced setbacks, particularly with disappointing sales of the F-150 Lightning pickup truck, leading to considerations of ending its production [2] - The goal of having commercial self-driving cars by 2021 has not been realized, and Ford is no longer a primary developer in that market [3] Market Position and Future Outlook - Ford's value is primarily in its commercial, government, and rental customer business through the Pro segment, which provides a competitive advantage as EV adoption in these sectors is slow due to operational challenges [5] - CEO Jim Farley's commitment to invest $5 billion in a universal EV platform and a $30,000 pickup by 2027 indicates Ford's recognition of the need to remain relevant in the evolving EV market [7] - Ford's stock trades at 12.5 times its estimated 2025 earnings, which may appear cheap but could be costly if the company's EV strategy fails [8]

Core Insights - Ford China is launching a comprehensive transformation with a new global brand proposition and product lineup, including the debut of the Ford Mondeo and the Ford Mustang Mach-E at the Guangzhou International Auto Show [1][8] - The newly established Ford Sales and Service Company aims to integrate sales and service channels for a unified customer experience, reflecting Ford's commitment to a systematic reboot in the Chinese market [8][10] Product Strategy - The Ford Mustang Mach-E, as the first electric model in the Mustang family, is positioned as an all-terrain camping SUV, offering both pure electric and range-extended versions to meet diverse consumer needs [3][7] - The vehicle features unique configurations such as a one-button lift roof, a one-button bed function, and a 6.6kW external power supply, showcasing Ford's focus on understanding and addressing consumer demands [5][6] Consumer Engagement - Ford emphasizes the importance of differentiating its products by focusing on specific consumer needs rather than attempting to satisfy all market segments, aiming to provide a sense of reliability to customers [5][11] - The Mustang Mach-E offers a range of 650 km for the pure electric version and 1220 km for the range-extended version, enhancing its appeal for urban commuting and outdoor adventures [7] Technological Innovations - The vehicle includes an industry-first off-road navigation feature that provides real-time route adjustments and recommendations, enhancing the driving experience for outdoor enthusiasts [6] - The Mustang Mach-E is equipped with advanced off-road capabilities, including eight driving modes and a smart four-wheel drive system, ensuring performance across various terrains [6] Organizational Changes - The establishment of the Ford Sales and Service Company is part of a strategic upgrade, aiming to present a unified brand image and a complete product lineup to consumers in China [10][11] - The new company will streamline operations across sales, marketing, and after-sales services, enhancing overall efficiency and customer satisfaction [11]

Core Insights - Ford Motor Company launched a new global brand proposition "Ready Set Ford" at the Guangzhou Auto Show, categorizing its products into four segments: "Leisure Wild," "Exploration Wild," "Hardcore Wild," and "Race Wild" to cover outdoor vehicle scenarios [2][3] - The company has established a diverse product matrix in the Chinese market, including fuel, plug-in hybrid, and pure electric vehicles, which supports the new "four-level wild" strategy [2] - Two key models showcased at the event are the Ford Mustang Mach-E, the world's first "all-terrain camping SUV" with a starting pre-sale price of 229,800 yuan, and the new Ford Mondeo, which features flagship performance and spacious design [2] Product Matrix - The "Exploration Wild" family includes models such as the hardcore convertible off-road vehicle Ford Bronco, the professional off-road truck Ford Ranger, the race-level new Ford F-150 Raptor, and the exploration-focused Ford Explorer [3] - Ford aims to convey that its vehicles are reliable partners for users, whether for urban commuting or conquering extreme off-road conditions, emphasizing their versatility with the tagline "can be city, can be wild, can be fun" [3]

Group 1 - Ford China showcased the new Ford Mondeo and the all-new Ford Smart Mustang at the Guangzhou Auto Show, marking the debut of its first new energy product in the upgraded channel [1] - The president of Ford Automotive Sales and Service (Shanghai) Co., Ltd., Chen Xiaobo, emphasized the importance of gathering all Ford brand products in one showroom to better reflect the brand image and product lineup [1] - The current challenge for the company is to quickly enhance the sales personnel at dealerships to match the expanded product lineup in the showroom [1]