Ford

Two days after passing through the Strait of Gibraltar en route to the Caribbean, the aircraft carrier USS Gerald R. Ford has not moved significantly from a position just west of Morocco in North Africa, the Navy confirmed to us Thursday. The flattop and elements of its strike group were ordered by President Donald Trump to join the ongoing enhanced counter-narcotics mission in the region, but it is unclear if plans have changed.

The relatively static position of the Ford and at least two of its escorts comes as reports are emerging that the Trump administration has decided, for now, not to carry out land strikes against Venezuela. It is unknown at the moment if there is a correlation, and the possibility remains that the carrier could still soon sail westward. We have reached out to the White House for clarification.

The Trump administration on Wednesday told Congress it is holding off for now on strikes inside Venezuela out of concern over the legal authority to do so, CNN reported on Thursday. The briefing was conducted by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and an official from the White House’s Office of Legal Counsel, the network reported, citing sources familiar with the events.

Lawmakers were told that the authority given to suspected drug boats did not apply to land strikes, the network noted. So far, nearly 70 people have been killed in at least 16 publicly known attacks on vessels allegedly smuggling drugs in the Caribbean and Pacific. The most recent acknowledged strike took place on Tuesday. The strikes have garnered heavy criticism for being extrajudicial and carried out without Congressional authorization.

Today, at the direction of President Trump, the Department of War carried out a lethal kinetic strike on a vessel operated by a Designated Terrorist Organization (DTO).

Intelligence confirmed that the vessel was involved in illicit narcotics smuggling, transiting along a known… pic.twitter.com/OsQuHrYLMp

— Secretary of War Pete Hegseth (@SecWar) November 5, 2025

Asked if the administration is indeed opting against land attacks on Venezuela, at least for now, the White House gave us the following response:

“President Trump was elected with a resounding mandate to take on the cartels and stop the scourge of narcoterrorism from killing Americans,” a White House official told us. “The President continues to take actions consistent with his responsibility to protect Americans and pursuant to his constitutional authority. All actions comply fully with the law of armed conflict.” 

CNN’s reporting came after a Wall Street Journal story on Wednesday stating that President Donald Trump “recently expressed reservations to top aides about launching military action to oust Venezuelan President Nicolás Maduro.”

Trump feared that strikes might not force Maduro to step down, the newspaper noted. Though ostensibly begun as an effort to stem the flow of drugs, it has grown into a massive show of military force aimed partially at Maduro.

The administration is considering three main options for dealing with Maduro, The New York Times reported earlier this week. They include stepping up economic pressure on Venezuela, supporting that nation’s opposition while boosting the U.S. military presence to add pressure on the Venezuelan leader, and initiating airstrikes or covert operations aimed at government and military facilities and personnel.

However, the goal is in flux, administration officials acknowledge, according to the Journal. Meanwhile, Trump has also delivered mixed messages, saying he doubts there will be an attack but that Maduro must go.

What is clear is that there is a massive U.S. military presence in the Caribbean, which includes at least eight surface warships, a special operations mothership, a nuclear-powered fast attack submarine, F-35B stealth fighters, AC-130 gunships, airlifters, MQ-9 Reaper drones and more than 10,000 troops.

The Ford was supposed to join that force, but if the administration is content for now to hit boats suspected of carrying drugs, it might not make sense to move the carrier and escort ships more than 3,600 miles west, especially as there is high demand elsewhere for American naval presence, including in Europe, where the supercarrier just came from.

The issue of wear and tear on the force is something that the Pentagon will have to evaluate as it decides which assets to keep and which to pull from the Caribbean. Navy vessels began arriving in the region in late August and at some point, they will need relief. That could mean bringing in ships, possibly from other regions. The same can be said for aircraft units and personnel deployed around the region for the operation. Those forces can only remain spun-up for so long, or the operation needs to be adapted for a long-term enhanced presence. This could very well be underway already, although we have not confirmed this as being the case. However, being so close to the U.S. mainland reduces some of those concerns, especially for rotating units in and out.

Regardless of Trump’s intentions, the U.S. military presence continues to endure in the region. Thursday afternoon, two more B-52H strategic bombers flew near the coast of Venezuela, according to online flight trackers. These bomber flights have become something of a routine at this point. In addition, the San Antonio class amphibious transport dock ship USS Fort Lauderdale is once again back in the Caribbean after a pitstop in Florida for routine maintenance.

At 5 p.m., the U.S. Senate is scheduled to hold a floor vote on a bipartisan war powers resolution that would block the use of the U.S. Armed Forces to engage in hostilities within or against Venezuela, unless that action has been authorized by Congress. A similar measure failed several weeks ago and it remains to be seen if news that the administration is holding off on striking Venezuela will move the needle on that resolution.

Meanwhile, we will continue to monitor the progress of the Ford and the U.S. military presence arrayed against Maduro and provide updates when warranted.

Update: 6:07 PM Eastern –

The Senate bipartisan war powers resolution was voted down by a vote of 51 to 49.

Contact the author: [email protected] 

TOKYO — President Trump opened his visit to Japan on Monday with greetings from the emperor a day before he meets new Prime Minister Sanae Takaichi, who is banking on building a friendly personal relationship with the U.S. leader to ease trade tensions.

One key to this strategy might lie in an idea floated by Japan’s government to buy a fleet of Ford F-150 trucks, a meaningful gesture that may also be impractical given the narrow streets in Tokyo and other Japanese cities.

It’s an early diplomatic test for Takaichi, the first woman to lead Japan. She took office only last week, and has a tenuous coalition backing her.

Trump instantly bought into the idea of Ford trucks as he flew to Asia aboard Air Force One.

“She has good taste,” Trump told reporters. “That’s a hot truck.”

Japanese Emperor Naruhito welcomed Trump at the Imperial Palace after the president’s arrival, and the two spoke for about 30 minutes. Trump straightened his jacket as he stood next to Naruhito for photos before the two sat across a round table, with flowers in the middle, for their talks.

“A great man!” he said twice while pointing to the emperor. Trump last saw the emperor in 2019, soon after Naruhito ascended the Chrysanthemum Throne, becoming the first foreign dignitary invited to the palace.

Trump and Takaichi spoke over the phone while the president was mid-flight on Saturday. Takaichi stressed her status as a protege of the late Prime Minister Shinzo Abe, a favorite of Trump’s from his first term, and said she praised him for brokering the Gaza ceasefire that led to the return of hostages held by Hamas.

“I thought [Trump] is a very cheerful and fun person,” she said. “He well recognizes me and said he remembers me as a politician whom [former] Prime Minister Abe really cared about,” she said. “And I told the president that I extremely look forward to welcoming him in Tokyo.”

Trump spent Sunday in Malaysia, where he participated in a regional summit, and departed Monday morning for Japan. While on Air Force One on Monday, he said he planned to talk in Tokyo about the “great friendship” between the U.S. and Japan.

Resetting the trade relationship

Beneath the hospitality is the search for a strategy to navigate the increasingly complex trade relationship that Trump shook up earlier this year with tariffs.

Trump wants allies to buy more American goods and also make financial commitments to build factories and energy infrastructure in the U.S.

The meetings in Japan come before Trump’s sit-down with Chinese leader Xi Jinping on Thursday in South Korea.

Both the U.S. and Japan have sought to limit China’s manufacturing ambitions, as the emergence of Chinese electric vehicles, artificial intelligence and advanced computer chips could undermine the American and Japanese economies.

“In light of the planned meeting between Trump and Xi Jinping shortly afterward, Trump may also be considering how he might strengthen his hand by demonstrating the robustness of the U.S.-Japan relationship,” said Kristi Govella, Japan chair at the Center for Strategic and International Studies, a Washington think tank.

Japan’s previous administration agreed in September to invest $550 billion in the U.S., which led Trump to trim a threatened 25% tariff on Japanese goods to 15%. But Japan wants the investments to favor Japanese vendors and contractors.

Japan’s economy and trade minister, Ryosei Akazawa, has said his ministry is compiling a list of projects in computer chips and energy to try to meet the investment target.

“As far as I know, I’m hearing that there are a number of Japanese companies that are showing interest,” he told reporters Friday, though he did not give further details.

Ford trucks in Tokyo would be a powerful symbol

Japanese officials are looking at the possibility of buying more American soybeans, liquefied natural gas and autos. The U.S.-China trade conflict has shut American soybeans out of the Chinese market, leading China to seek more Brazilian supply. China reported no U.S. soybean imports in September, a first since November 2018.

For Trump, the prospect of Ford trucks in the skyscrapered streets of Tokyo would be a win. The administration has long complained that American vehicles were being shut out of a market that is the home of Toyota, Honda, Nissan, Isuzu, Mitsubishi and Subaru. In a September interview on CNBC, Commerce Secretary Howard Lutnick said Japan wouldn’t buy U.S.-branded vehicles because “Chevys” were popular with Japanese gangsters.

Takaichi may arrange for Ford F-150 trucks to be showcased in a place Trump gets to see them, Japan’s Nikkei newspaper reported. The government is considering importing the trucks for its transport ministry to use for inspecting roads and infrastructure, though there are concerns that the F-150 could cause congestion on narrow Japanese streets.

“We appreciate President Trump’s advocating for American made products,” Ford spokesperson Dave Tovar said. “We would be excited to introduce America’s best-selling truck to work and government customers in Japan.”

Japanese media have reported that Toyota Motor Corp. Chairman Akio Toyoda could announce plans to import his company’s American-made cars back to Japan during a dinner with Trump and other business leaders on Wednesday.

The gestures — combined with Takaichi’s connection to Abe — should help her deal with Trump, who seems predisposed to like her.

“I think she’s going to be great,” Trump said aboard Air Force One. “She’s a great friend of Mr. Abe, who was a great man.”

In 2016, Abe gave Trump a high-end golf club to celebrate his first election, and the leaders bonded over their love of golf. Trump often expresses sadness about Abe’s 2022 assassination.

But there are risks for Takaichi in emphasizing her ties to Abe, said Rintaro Nishimura, who specializes in Japan at the advisory firm The Asia Group.

“Because it’s Takaichi’s first diplomatic engagement I think she wants to start with sort of a bang,” Nishimura said. “Succeeding the Abe-line rhetoric is definitely going to be part of this engagement, although some also suggest that leaning too heavily on the Abe line might not exactly be good for her for creating her own kind of portfolio, her status as Japan’s leader.”

Following his meeting with Takaichi on Tuesday, Trump will give a speech aboard the USS George Washington aircraft carrier anchored in Japan, then hold a dinner with business leaders. Trump plans to leave for South Korea on Wednesday.

But aboard Air Force One on Monday, he told reporters that he was also ready to meet with North Korean leader Kim Jong Un, should that be an option.

“If he wants to meet, I’ll be in South Korea,” Trump said.

Boak and Yamaguchi write for the Associated Press. AP writer Chris Megerian contributed to this report from Kuala Lumpur, Malaysia.

The U.S. Navy’s supercarrier USS Gerald R. Ford and at least a portion of the rest of its strike group have been ordered to Latin American waters. This represents a new and especially significant deployment of U.S. forces into the Western Hemisphere amid a steady escalation in the scale and scope of ostensible counter-narcotics operations. Strikes on alleged drug-smuggling boats have now become routine, and the possibility that the campaign could extend to targets on land, particularly in Venezuela, continues to grow.

Sean Parnell, the Pentagon’s top spokesperson, made the unexpected announcement about Ford, which is currently on a scheduled deployment in the eastern end of the Mediterranean Sea on a scheduled deployment.

“In support of the President’s [Donald Trump] directive to dismantle Transnational Criminal Organizations (TCOs) and counter narco-terrorism in defense of the Homeland, the Secretary of War [Pete Hegseth] has directed the Gerald R. Ford Carrier Strike Group and embarked carrier air wing to the U.S. Southern Command (USSOUTHCOM) area of responsibility (AOR),” Parnell said in a statement. “The enhanced U.S. force presence in the USSOUTHCOM AOR will bolster U.S. capacity to detect, monitor, and disrupt illicit actors and activities that compromise the safety and prosperity of the United States homeland and our security in the Western Hemisphere. These forces will enhance and augment existing capabilities to disrupt narcotics trafficking and degrade and dismantle TCOs.”

Ford, the Navy’s newest carrier, currently has a full air wing embarked, which includes F/A-18E/F Super Hornet fighters, EA-18G Growler electronic warfare jets, E-2D Hawkeye airborne early warning and control planes, C-2A Greyhound Carrier Onboard Delivery (COD) aircraft, and MH-60R/S Seahawk helicopters. The rest of its strike group includes four Arleigh Burke class destroyers – USS Winston S. Churchill, USS Bainbridge, USS Mahan, and USS Forrest Sherman – and likely at least one attack submarine.

USNI News has reported that it is currently unclear which of Ford’s escorts may accompany it to the SOUTHCOM AOR, citing an unnamed source. The outlet noted that, at least as of Monday, the USS Forrest Sherman and USS Mitscher were operating independently in the Red Sea and Arabian Sea, respectively

It is likely to take Ford at least a week to get back across the Mediterranean and then the Atlantic Ocean. Where exactly within the SOUTHCOM AOR the carrier and elements of its strike group might take up station remains to be seen.

Regardless, just pulling Ford from a scheduled deployment is a major development and follows an already substantial build-up of U.S. naval, air, and other assets in and around the Caribbean. As of last week, approximately 10,000 U.S. personnel, in total, were forward deployed in the region. Fox News has reported that the Navy is now set to see roughly 14 percent of its combat fleets operating within SOUTHCOM’s AOR.

🚨 Today, the U.S. announced its 7th strike in SOUTHCOM, destroying a boat affiliated with a Colombian cartel. The U.S. has massed 10,000+ troops in the region, with most in Puerto Rico and on 12 U.S. Navy ships. Also:

– USAF B-52H bombers + USMC F-35B fighters conducted a… pic.twitter.com/PyYyZlWSxC

— Ian Ellis (@ianellisjones) October 19, 2025

The Navy’s aircraft carrier strike groups, in general, are at the very top of the U.S. military’s power-projection assets, offering immense capability to exercise control over surrounding sea and airspace, as well as to launch strikes on targets on the water and ashore hundreds of miles away in any direction. They also provide huge floating bases that can be utilized in other ways, including as launch points for major special operations forces missions.

Even if only a portion of the Ford Carrier Strike Group ultimately deploys to the SOUTHCOM AOR, it would still represent a major boost in capabilities and operational capacity in the theater. There are already multiple Arleigh Burke class destroyers, as well as a Ticonderoga class cruiser, in the region that could also join with Ford and its escorts, including to help provide protection for the carrier. The overall threat picture is not high, though one still does exist. It is worth noting that carrier strike groups also train heavily before deployments to be a deeply integrated, singular fighting force, something that would not exist with warships already in the Caribbean. Still, this combination of naval forces would likely be more than enough to suffice in this scenario.

Altogether, Ford‘s impending arrival can only signal a new and substantial escalation in U.S. operations in the region. As noted, American forces are now regularly striking small boats alleged to be involved in drug smuggling. Just earlier today, Secretary of War Hegseth announced the ninth such strike known to have occured since the start of September. To date, seven of the strikes have targeted boats in the Caribbean, while two more have occured in the Eastern Pacific Ocean.

Overnight, at the direction of President Trump, the Department of War carried out a lethal kinetic strike on a vessel operated by Tren de Aragua (TdA), a Designated Terrorist Organization (DTO), trafficking narcotics in the Caribbean Sea.

The vessel was known by our… pic.twitter.com/lVlw0FLBv4

— Secretary of War Pete Hegseth (@SecWar) October 24, 2025

All of this also comes amid U.S. government efforts to put particular pressure on Venezuelan strongman Nicolas Maduro. Just yesterday, Air Force B-1 bombers conducted a show of force close to Venezuela’s coast. Last week, Air Force B-52 bombers, accompanied by U.S. Marine Corps F-35B Joint Strike Fighters, conducted a similar mission that officials later described as a “bomber attack demonstration.”

There has been a steady drumbeat of reports in recent weeks pointing to the growing possibility of direct action of some kind against Maduro’s regime. President Trump said on Wednesday that his administration was moving to target drug cartels on land, though he did not elaborate on what that might entail or where such operations might occur. He also confirmed last week that he had authorized the CIA to engage in covert operations against the Venezuelan government. Maduro has been under indictment in the United States since 2020 for drug trafficking and other charges, and American authorities currently have a $50 million bounty out for his capture.

While it will take some time for the elements of the Ford Carrier Strike Group to arrive in Latin American waters, that they are on their way already signals U.S. operations in the region are entering a new phase.

Contact the author: [email protected]

Francis Ford Coppola wants an offer he can’t refuse — on his timepieces.

The Academy Award-winning director is selling seven watches from his personal collection, including his custom F.P. Journe FFC Prototype, estimated to sell for more than $1 million, according to a statement from Phillips, the New York City-based auction house. Phillips will hold the auction on Dec. 6 and 7.

The sale could help stanch losses from last year’s box-office flop “Megalopolis,” which cost over $120 million to make and was largely financed by the 86-year-old director. The movie grossed only $14.3 million worldwide.

The film, Coppola’s first since his 2011 horror movie “Twixt,” premiered at Cannes last year to largely negative reviews. The Times’ Joshua Rothkopf called it a “wildly ambitious, overstuffed city epic.”

At a news conference at Cannes, Coppola discussed the tremendous amount of his own money that he had sunk into the film, saying that he “never cared about money” and that his children “don’t need a fortune.”

Among the Coppola timepieces also going under the hammer are examples from Patek Philippe, Blancpain and IWC.

But the headlining piece is the F.P. Journe FFC Prototype that features a black titanium, human-like hand that resembles a steampunk gauntlet that articulates the hours when the fingers extend or retract.

Francis Ford Coppola’s custom F.P. Journe FFC timepiece uses a single hand to indicate all 12 hours.

(Phillips)

The watch was a collaboration between Coppola and master watchmaker François-Paul Journe that began following a conversation the pair had during a visit he made to the filmmaker’s Inglenook winery in Napa Valley in 2012.

Coppola asked Journe if a human hand had ever been used to mark time. That question sparked a years-long conversation during which the watchmaker grappled with how to indicate the 12 hours of the dial using just five fingers.

Journe found his inspiration in Ambroise Paré, a 16th century French barber surgeon and an innovator of prosthetic limbs in particular, including Le Petit Lorrain, a prosthetic hand made of iron and leather that featured hidden gears and springs enabling the fingers to move, not dissimilar to a watch mechanism.

“Speaking with Francis in 2012 and hearing his idea on the use of a human hand to indicate time inspired me to create a watch I never could have imagined myself. The challenge was formidable — exactly the type of watchmaking project I adore,” said Journe in a statement.

Journe eventually created six prototypes and delivered Coppola’s watch to him in 2021.

“I’m proud to fully support the sale of this watch through Phillips to fund the creation of his artistic masterpieces in filmmaking,” he said.

Coppola first became interested in the watchmaker when he gifted his wife Eleanor an F.P. Journe Chronomètre à Résonance in platinum with a white gold dial for Christmas in 2009, prompting the director to extend an invitation to Journe to visit him at his Napa winery.

Eleanor Coppola, a documentary filmmaker and writer, died in 2024 after 61 years of marriage. Her F.P. Journe timepiece is also part of the auction and is estimated to fetch between $120,000 to $240,000.

At a car lot just off the 405 in the San Fernando Valley, there is more than meets the eye.

Galpin Motors sells new and used Fords — touting itself as one of the largest dealerships in the world. But next door, it also displays exotic rides: Shelby Cobras. A vintage purple Rolls-Royce. Sylvester Stallone’s Harley from “The Expendables.”

And then there’s the on-site diner, the Horseless Carriage, where the vinyl-covered booths have hosted generations of Valley power brokers and men who have shaped the policies of the Los Angeles Police Department for decades.

Bert Boeckmann, owner and president of Galpin Motors, stands with new Fords in his showroom.

( Allen J. Schaben / Los Angeles Times)

Former Galpin boss Herbert “Bert” Boeckmann was an influential figure in local politics and a member of the city’s Board of Police Commissioners, the civilian panel that oversees the LAPD. A longtime lawyer for car dealer, Alan Skobin, also served on the commission.

Now, another member of the Galpin Motors family is poised to carry on the legacy.

The City Council is scheduled to vote Wednesday on whether Jeffrey Skobin, a vice president at Galpin, will follow in his father Alan’s footsteps and join the commission.

Appointed by Mayor Karen Bass, the younger Skobin, 45, already serves on an advisory board that gives the mayor input on issues facing the Valley. He did not respond to an interview request from The Times.

Skobin cleared one hurdle last week, when the council’s public safety committee approved his nomination by a 3-1 vote.

Several committee members professed to knowing Skobin’s family, with one lauding him for the “good stock you come from.”

Skobin said he wouldn’t take the role of commissioner lightly. The five-member panel acts like a corporate board of directors, setting LAPD policies, approving its budget and scrutinizing police shootings.

“I recognize the seriousness of this role and the gravity of this responsibility,” Skobin told the committee. “My story is deeply tied to Los Angeles.”

A mega-dealership with five franchises, Galpin has long wielded influence as a source of jobs and tax revenue for the city. It was Boeckmann who established the business as a powerful player in local politics.

Rare classic Porsche sports cars on display in the Galpin Hall of Customs during the LA Auto Show’s opening day at Los Angeles Convention Center in 2021.

(Allen J. Schaben/Los Angeles Times)

Boeckmann was a self-made millionaire who started out as a car salesman in 1953, seven years after Galpin opened. He eventually bought out the company’s founder, Frank Galpin.

In the decades that followed, he amassed a large corporate empire in the Valley that also included vast land holdings and a film production company.

Boeckmann and his wife, Jane, longtime publisher of the Valley magazine, backed George W. Bush for president, Gray Davis for governor and Antonio Villaraigosa for mayor.

Galpin’s website features a picture of Boeckmann and his wife meeting California Gov. Ronald Reagan in 1974. “When I think about what’s right in America, I will always think of men like Bert Boeckmann,” said the future president, according to the company.

Samantha Stevens, a Los Angeles political consultant and former legislative staffer, said candidates routinely made pilgrimages to the Galpin lot on Roscoe Boulevard to court Boekmann.

“Everybody would go and ask for their support, not just the money. You wanted the name on the endorsement list,” Stevens said.

Although Boeckmann leaned conservative, she said, he was also a force behind the scenes in L.A.’s left-leaning City Hall and seemed to put aside politics when he found causes or candidates that he believed in — including a failed push for the Valley to break away and form its own city.

Ford Explorers on a Galpin storage lot on Woodley Avenue near Van Nuys Airport.

(Los Angeles Times)

“I remember sending my liberal Democrat candidates to meet with them, and they would get donations,” Stevens said.

First appointed to the Police Commission by then-Mayor Tom Bradley in 1983, Boeckmann served two stints under three mayors.

During his 17 combined years on the panel, Boeckmann gained a reputation as its most conservative member — with critics calling him an apologist for former Chief Daryl Gates.

He sat on the commission during two of the darkest chapters in LAPD history: The fallout of the 1991 beating of Black motorist Rodney King and the Rampart corruption scandal, which uncovered cops planting evidence, dealing drugs and committing other crimes.

Boekmann died in 2023 at age 93, but the company still maintains close ties with both the LAPD and City Hall.

Campaign finance records show that Galpin and its employees, including Jeffrey Skobin, have made contributions to numerous local, state and politicians, though not Bass’ mayoral campaign.

Yet when Bass announced the possibility of laying off city workers earlier this year, she chose Galpin as the backdrop of her news conference to rally support.

Last November, less than a week after taking over as LAPD chief, Jim McDonnell held a meet- and-greet at the company’s gleaming showroom of exotic cars across the street.

Galpin twice supported McDonnell’s campaigns for Los Angeles County sheriff, with records showing tens of thousands of dollars in donations during his successful run in 2014 and his failed re-election bid four years later.

In years’ past, the company came under scrutiny after it was revealed that Boeckmann leased city land and sold cars to the city. A controversy arose when the City Council spent $2.4 million to help buy a 239-acre parcel from Boeckmann in Mandeville Canyon. For a time, the LAPD stored some undercover vehicles on Galpin properties.

Those deep ties have led to questions about whether Skobin can be an effective police watchdog. The mayor’s office scrutinized Skobin’s business for any conflicts of interest before putting forward his nomination, city officials said.

LAPD Capt. Johnny Smith said Galpin has given to countless charitable causes and regularly provides meeting space for community groups.

“Their support has always come from a place of partnership, grounded in the belief that together, we can do better for this city we all love,” said Smith, who said he has known the Skobin family for years.

Alan Skobin, 74, told The Times his work on the police commission, on which he served from 2003 to 2012, gave his son a unique window into how the department functions — and what it takes to provide police oversight.

An auto enthusiast views the Batmobile, which was formerly a Ford Futura, on display at Galpin Hall of Customs.

(Allen J. Schaben / Los Angeles Times)

“Number one, don’t take things that are brought to you at face value. Look beyond the surface,” he said. “Always remember you are a representative of the public, and keep that perspective. Continue to be a good listener of various views.”

The elder Skobin recalled how his teenage son once came home upset over a traffic stop that occurred while he was driving to school with a friend, who was Black. The teens felt they were pulled over for no reason — and the incident left a lasting impression about discrimination by law enforcement, Skobin said.

“One thing I know about LAPD is things slip,” he said. “And Jeff is the kind of person that will look into those things.”

The only vote against the younger Skobin when he appeared before the council’s public safety committee last week came from Hugo Soto-Martinez, who peppered him with questions about his reaction to the Trump administration’s ongoing immigration raids.

“Heartbreaking,” Skobin said, noting that roughly half of Galpin’s employees are of Mexican descent. He is also married to a Mexican American woman.

Soto-Martinez also pressed him on how he would respond if he discovered that local law enforcement shares license plate reader data with federal authorities.

The license plate data allows law enforcement to track the movements of Angelenos in their vehicles without court orders, and some worry that they could potentially be used to track people for deportation.

“I think I would take a position to seek to understand the legality of that, what options there are,” Skobin said.

Ford (F -0.65%) impressed investors when it reported that U.S. unit sales jumped 8.2% year over year in the third quarter (ended Sept. 30). Key models are doing very well, like the F-Series pickup trucks, Mustang Mach-E, Expedition, and Bronco. The momentum is partly why shares have done well this year, rising 15% (as of Oct.10).

But can this auto stock beat the market for buy-and-hold investors? History provides a clear answer.

Image source: Getty Images.

Investors shouldn’t expect outsized long-term returns from Ford

In the past 10- and 20-year periods, Ford shares have generated total returns of 33% and 150%, respectively. These gains failed to exceed that of the S&P 500 index. And it’s not even close.

The disappointing performance likely won’t reverse course as we look to the next 10 or 20 years. Low growth, weak margins, huge capital expenditures, and cyclicality describe Ford’s business. It’s not controversial to say that this isn’t a high-quality company.

Ford shares might always trade at a cheap valuation

Ford’s valuation is dirt cheap. The market is offering the stock at a forward price-to-earnings ratio of 9, which makes the dividend yield hefty at 5.26%. This might look like a compelling opportunity.

However, there’s no reason to assume that the market will expand Ford’s valuation in the years ahead. Fast growth, wide margins, capital-light business models, and durable demand trends are traits that investors reward. Ford just doesn’t fit the bill.

FIRST it was Mondeo. Then Fiesta. Now Focus. 

Another much-loved Ford heading for the great scrapyard in the sky. 

6

6

6

No matter. 

Kia is here to fill the gap by giving us two sensibly-priced, Focus-sized family hatchbacks called “4”. 

One petrol. 

One electric. 

Plus, an electric saloon thingy. 

The same thing happened with small cars. 

Ford axed the cheery Ka runabout six years ago. Yet Kia is still shifting the dinky Picanto by the boatload. 

I dunno. Them crazy Koreans giving people what they actually want. 

Right, let’s discuss the cars you see on these pages today. 

The yellow car is called K4. That’s a five-door petrol hatch from £25k. Well-equipped. Fizzy 1-litre or 1.6 turbo petrols. Seven-year warranty. As with any Kia. Undercuts a Volkswagen Golf by £3k. 

The blue car is called EV4. That’s a five-door electric hatch from £35k, before any electric car grant. Looks great. Drives sweetly.

The chassis could easily handle more power. Iron Man and Mickey Mouse integrated in the onboard computer. 

I’m serious. 

You can personalise the central screen and satnav with your favourite movie characters. The kids will love that. 

Then watch Netflix or play arcade games, if you ever need to stop to recharge. 

I say IF because the biggest 81kWh battery will do 390 miles by the official WLTP test. Closer to 320 miles in the real world.

Still more than most people do in a week. And way more than a Vauxhall Astra Electric can manage. 

Everything is super easy 

The regular EV4 has a 273-mile ­battery and recharges in a 30-minute tea-and-pee break. 

Driving impressions. You sit nice and low in this car. We like that. It rides nicely (multi-link rear axle). 

We designed this car thinking about the European customer because they love to drive

Kia engineer

Handles nicely (also multi-link rear axle). Accelerates smoothly. Everything is super easy.

If you want to feel more involved, use the braking regen paddles on the steering wheel to mimic changing down gears for a bend. 

I reckon the four-wheel-drive GT due next year is going to be a lot of fun. 

A Kia engineer told me: “We designed this car thinking about the European customer because they love to drive.” 

Too right. 

The cabin is copy-and-paste Kia’s other award-winning EVs. Which means a nice mix of screens and hard controls, cup holders and chargers for everyone, lots of recycled materials, and lots of S P A C and E. 

Like 10cm more legroom in the back than a Tesla Model 3. Like a wide-opening boot that swallows loads more stuff than a Focus, Golf or Astra. 

That’s the benefit of a ground-up ­electric car. It’s no bigger on the outside. But you get a next-size-up cabin. 

6

6

6

Put simply, EV4 is a peach. 

Now for the car I’m less bothered about. The fugly EV4 Fastback. I reckon the designers were rushing to get to the pub. Either that or they finished it after they’d been to the pub. 

I’m sure someone will like it. 

It does have a bigger boot and the biggest battery as standard. 

But it costs £41k. 

At least Kia is doing Ford’s old job by giving everyone lots of choice. 

All eyes were on the automotive industry, and more specifically the electric vehicle (EV) sector, for August. That’s because consumers who were on the fence about making an EV purchase within the next few months rushed ahead to buy before the $7,500 federal tax credit disappears at the end of September.

Once the tax credit disappears, the industry is expected to slow down for some time, so Ford Motor Company (F 0.51%) and General Motors (GM 0.42%) needed to deliver.

Momentum continues

Ford had some momentum as August was the automaker’s sixth consecutive month of sales gains in the U.S., driven by popular SUVs and a spike in EVs due to the pull-forward of demand before the tax credit’s demise.

The automaker reported a 3.9% gain in sales during August to 190,206 vehicles, compared to the prior year. Although it was the sixth consecutive month of gains, August was a slowdown compared to the prior months. Through the first eight months of the year, Ford sold 1.5 million vehicles, 6.6% more than the previous year.

On the flip side, sales of Ford’s EVs were almost the opposite: They spiked 19% during August to a total of 10,671, but year to date, the company’s EV sales are down 5.7% to 57,888 vehicles.

August’s spike was driven not only by the surge in demand from consumers beating the end of the tax credit, but also by the Mustang Mach-E’s 35% sales gain and the F-150 Lightning’s 21% gain, compared to the prior year.

Ford’s F-150 Lightning. Image source: Ford Motor Company.

With U.S. EV sales likely to set an all-time monthly record once August data is complete, it set the stage for General Motors to also perform well — and it did.

Duncan Aldred, GM’s president for North America, said in a press release: “August was our best month ever for EV sales — and we expect that buying surge to pay long-term dividends, given our industry-leading manufacturer loyalty, and EV customers’ overwhelming commitment to the technology. I’m grateful to our team and our dealers for helping us outperform nearly every EV competitor.” 

General Motors sold more than 21,000 EVs combined from its Chevrolet, Cadillac, and GMC brands and remains the No. 2 seller in the U.S., thanks in big part to the Chevy Equinox EV, Cadillac Lyriq, and GMC Sierra EV.

What’s next?

September is going to be another strong month for EV sales, but then the big looming question is: What happens after the tax credit disappears? There’s likely to be a whipsaw effect where the industry sees an equally strong lull in demand during the fourth quarter, and it’s likely to take several months to normalize.

The key to September, as well as the third quarter entirely, will be which competitors were able to move EVs without substantial discounts. But discounts are a part of the automotive industry, and expect automakers to dish them out to move as much product as possible before the tax credit expires, since no automaker wants to find itself with bloated inventory on Oct. 1.

Investors have to remember that while EVs represent a small percentage of sales for traditional automakers, it’s a huge deal for their bottom line. Consider that Ford’s Model-e division, responsible for its EVs, lost roughly $5 billion in 2024. The faster the automakers scale up this business segment and turn it profitable, the faster investors see upside in their earning power.

On the bright side, Ford and GM needed to deliver a strong month for EV sales, and it was just a little good news that they both executed.