Ford’s U.S. gross sales continued to get better from chip scarcity in October

Bronco SUVs in production at the Ford Michigan plant, June 14, 2021.

Michael Wayland | CNBC

DETROIT – Ford engine US vehicle sales showed positive signs of recovery from a persistent shortage of semiconductor chips that devastated the global auto industry this year.

The Detroit-based automaker reported sales of 175,918 new vehicles in October on Wednesday, a 4% year-over-year decline but a far smaller loss than in previous months. The sales are Ford’s best since April and the first time since May that the company hasn’t reported a double digital monthly loss compared to 2020.

“In June of this year, Ford retail sales grew 10.7%. With limited inventory and record turnaround rates in the second quarter, we worked closely with our dealers to collect retail orders that were up 16x year over year, ”said Andrew Frick, Ford vice president of sales in the US and Canada .

On another positive note, Ford said vehicle inventories did that were at record lows due to the shortage of chips increased by 7,000 units compared to the previous month to 243,000 cars and trucks.

Ford’s sales outperformed the industry last month, according to Cox Automotive. The auto research firm estimated on Wednesday that new car sales in the US were down about 21% compared to October 2020. That’s better than Cox’s original forecast of a 30% decline.

“The market is still experiencing very low inventory levels and correspondingly low incentives, but the worst is probably behind us,” Cox said in a press release.

Ford is one of a handful of automakers that report new vehicle sales every month. Others like General Motors and Stellantis (formerly Fiat Chrysler) only report quarterly sales.

Ford’s October sales come a week after the business Wall Street earnings expectations nearly doubled for the third quarter and increased its adjusted earnings guidance for the full year from $ 9-10 billion to $ 10.5-11.5 billion.

However, Ford is not yet clear about its semiconductor chip offering. CFO John Lawler said last week the company expects the chip shortage to continue into next year and possibly to a far lesser extent into 2023.

According to Lawler, Ford expects wholesale vehicle volume to grow 10% in 2022 compared to this year as semiconductor shortages continue to affect business.

October finest month for field workplace ticket gross sales in 2021

Tom Hardy stars in Sony’s “Venom: Let There Be Carnage”.

Sony

Don’t count the box office at home just yet.

A combination of new movie releases, many of which have only appeared in theaters, coupled with growing consumer confidence to return to theaters amid the coronavirus pandemic, resulted in October 2021 being the top-grossing month for ticket sales to date.

It’s estimated that moviegoers spent around $ 637.9 million on tickets in the past 31 days venturing into theaters to watch “No Time to Die,” “Venom: Let There Be Carnage,” ” Halloween Kills “and” Dune “to see.

“While this is likely an anomaly that may never repeat itself, the 10th month of the year has now shown that it can indeed make great homes for blockbusters of all sizes and genres,” said Paul Dergarabedian, senior media analyst at Comscore.

Many of the films released during the month were slated to open earlier this year but have been postponed due to the ongoing pandemic. This resulted in October revenue exceeding July. which previously held the record for the top-selling month in 2021 with $ 583.6 million in ticket sales, according to data from Comscore.

As of Sunday, the domestic box office hit $ 3.1 billion in the first 10 months of the year, 45% more than in 2020 over the same period and 66% behind 2019.

“The industry circled this October on the calendar as a major marker of recovery from the cinema pandemic, and it has made great strides,” said Shawn Robbins, chief analyst at BoxOffice.com.

While the summer months are usually the top-selling months of the year for the domestic box office, October has increased significantly in recent years thanks to blockbuster titles such as “Joker” in 2019 and “Venom” in 2018.

In 2019, October secured $ 789.5 million ticket sales, the second highest amount for the month after $ 832.1 million in 2018. October 2021 had higher loot than the same period in 2017.

Cinemark said on Sunday that October was the company’s busiest month in terms of sales in the Covid-19 era. The monthly results were more than double the earnings of May 2021.

“I am delighted that we have reached a new milestone in the industry’s recovery and are delivering our best monthly box office performance since our theaters reopened,” said Mark Zoradi, CEO of Cinemark, in a statement. “Congratulations to our studio partners for creating must-see content on the big screen that has something for everyone.”

In November and December, cinemas will benefit from the release of a number of films that have previously been postponed. “Eternals”, “Ghostbusters: Afterlife” and “Encanto” should appear in November, “West Side Story”, “Spider-Man: No Way Home” and “Matrix Resurrections” in December.

“We’ve had several of those stress-testing periods throughout the year, and more are to come during the vacation and winter,” said Robbins of BoxOffice.com. “Immunization for young children remains vital in the long run. But all in all, theater owners and studios should be very encouraged by the number of recent box office hits and what they signal for the new year ahead.”

Disclosure: Comcast owns NBCUniversal and CNBC. Universal published “No Time To Die” internationally and is the global distributor of “Halloween Kills”.

Southwest Airways’ October flight cancellations value provider $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, the United States, on October 11, 2021.

Joe Skipper | Reuters

Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost $ 75 million.

Southwest based in Dallas more than 2,000 flights canceled between October 8th and October 13th, with Florida bad weather, air traffic control and staff shortages being blamed for the problems.

The hit came from flight cancellations, customer refunds and “gestures of goodwill”.

The airline reported a profit of $ 446 million on Thursday.

“Our active (as opposed to inactive) and available staff fell short of the plan and, along with other factors, caused us to miss our operational performance targets for on-time performance, resulting in additional costs,” said Gary Kelly, CEO of Southwest. That, along with a surge in Covid-19 cases, resulted in a $ 300 million drop in sales, he said.

Here’s how Southwest performed compared to Wall Street expectations in the third quarter, based on Refinitiv average estimates:

  • Adjusted earnings per share: a loss of 23 cents versus an expected loss of 27 cents.
  • Total sales: $ 4.68 billion versus an expected $ 4.58 billion.

Tuesday, October 19: Sustainable Type

Tuesday October 19th: Sustainable style

Shoes made from recycled water bottles? A clothing line that focuses on selling fewer clothes?

Updated: 5:27 PM EDT Oct 14, 2021

Shoes made from recycled water bottles? A clothing line that focuses on selling fewer clothes? Some fashion companies are shaking up the industry by working to reduce waste. Erika Tarantal visits Vetta Capsule in South Boston, checks in at Rothy’s, which makes stylish shoes out of plastic water bottles, and visits a consignment store on Newbury Street. Erika also speaks to local scientists and entrepreneurs who develop beauty products that you can feel comfortable with.

Shoes made from recycled water bottles? A clothing line that focuses on selling fewer clothes? Some fashion companies are shaking up the industry by working to reduce waste. Erika Tarantal visits Vetta Capsule in South Boston, checks in at Rothy’s, which makes stylish shoes out of plastic water bottles, and visits a consignment store on Newbury Street. Erika also speaks to local scientists and entrepreneurs who develop beauty products that you can feel comfortable with.

Immersive, multi-sensory artwork, leisure expertise coming to Starlight in October

The Starlight Theater and Nelson-Atkins Museum of Art announced Thursday that Van Gogh Alive is coming to Kansas City later this year. For a limited time only – from October 23rd to 31st – visitors have the opportunity to experience Van Gogh’s art and “really venture into his world”. Van Gogh Alive was developed by Grande Experiences and is an extensive, immersive, multi-sensory art and entertainment experience that has inspired over 8 million people in 70 cities around the world. For Van Gogh Alive, Starlight will transform his stage house into the world of the revered 19th century painter. Visitors will wander through the exhibition on Starlight’s 12,000 square meter, air-conditioned area. “We are excited to use our space in such a unique way and look forward to partnering with the Nelson-Atkins Museum of Art to bring such an experience to the Kansas City community,” said Rich Baker, CEO and President of Starlight. Visitors will feel the feel of Van Gogh’s paintings, which are adorable, entertaining, and educational at the same time. Interactive art stations are available where visitors can create their own artwork using video tutorials. In addition, visitors can create their own souvenirs in a life-size walk-in display of Van Gogh’s painting “Bedroom in Arles” and the legendary “Sunflower Selfie Room” – a 360-degree mirrored room with hundreds of sunflowers that Instagram feeds the world. Here you can create your own masterpiece and share your pictures on social media with the hashtag #VanGoghAliveKC. “The Nelson-Atkins are excited to partner with Starlight to bring this vibrant and visual journey to Kansas City,” said Julián Zugazagoitia, director and CEO of Nelson-Atkins. “What a dazzling way to expand the arts in our community.” Tickets are $ 45 and go on sale June 1st at 10am on kcstarlight.com.

The Starlight Theater and Nelson-Atkins Museum of Art announced Thursday that Van Gogh Alive is coming to Kansas City later this year.

For a limited time only – from October 23rd to December 31st – visitors have the opportunity to experience Van Gogh’s art and “really venture into his world”.

Developed by Grande Experiences, Van Gogh Alive is a rich, comprehensive, multi-sensory art and entertainment experience that has inspired over 8 million people in 70 cities around the world.

For Van Gogh Alive, Starlight will transform his stage house into the world of the revered 19th century painter. Visitors will wander through the exhibition on Starlight’s 12,000 square meter, air-conditioned area.

“We are excited to use our space in such a unique way and look forward to partnering with the Nelson-Atkins Museum of Art to bring such an experience to the Kansas City community,” said Rich Baker, CEO and President of Starlight.

Visitors will feel the feel of Van Gogh’s paintings, which are adorable, entertaining, and educational at the same time.

Interactive art stations are available where visitors can create their own artwork using video tutorials.

In addition, visitors can create their own souvenirs in a life-size walk-in display of Van Gogh’s painting “Bedroom in Arles” and the legendary “Sunflower Selfie Room” – a 360-degree mirrored room with hundreds of sunflowers that Instagram feeds the world.

Here you can create your own masterpiece and share your pictures on social media with the hashtag #VanGoghAliveKC.

“The Nelson-Atkins is excited to partner with Starlight to bring this vibrant and visual journey to Kansas City to life,” said Julián Zugazagoitia, director and CEO of The Nelson-Atkins. “What a dazzling way to expand the arts in our community.”

Tickets are $ 45 and are on sale kcstarlight.com at 10 a.m. on June 1st.