Ford News
#1
Ford News
Could be a rough week for Ford employees:
'Black Monday' looms over Ford's future
Ten plants, 25,000 jobs ride on Bill Ford's 'Way Forward' strategy to be announced Monday.
Ford's market value has plunged by an astonishing $40 billion since 2001. Its North American automotive business is hemorrhaging cash and market share.
'Black Monday' looms over Ford's future
Ten plants, 25,000 jobs ride on Bill Ford's 'Way Forward' strategy to be announced Monday.
Ford's market value has plunged by an astonishing $40 billion since 2001. Its North American automotive business is hemorrhaging cash and market share.
#2
I know ,and I know why
Ford has lost touch . The majority of the models they make don't grab people . Ford should have already updated the engines in the rangers , the 3.0 is a bad compromise between power and fuel milage and the 4.0 could have more of both power and fuel milage with less bore and more stroke , or a v8 option . V8 rangers would sell . But rangers already sell ; so no changes there . Bad idea , bad business . They could capture a larger share of the compact truck market , but they won't . If you see a crown vic , that isn't a police or sheriff's car , it's probably an unmarked . I'd hate to try to blend in with one . There are about 200 new 2005 F-150's , within a 50 mile radius of my house that did NOT sell , even when they were priced $5,000 to $6,000 less than a base sc edge . I don't have personal experience of late model ford small cars . They look allright to me , but I hear they could be peppier and more fun ; Dodge made a mint off the neon in that market , meeting those criteria . Anybody think a Lincoln LT is a good deal ? Being a good ford man I tried to tell ford what I would like . I've yet to find anyone interested . If you know where I can reach them I will try again . I'm beginning to think though; if they don't care about me , why should I care about them as a company . I hope their people can find work , even if it's in a nissan or toyota plant .
#4
according to that linked article it looks like the unions are killing Ford
"Most manufacturers would have been forced to downsize a long time ago. However, like the other domestic automakers, Ford's union contracts limited its ability to trim manufacturing operations to match its greatly reduced market share.
Even if Ford boarded up all of its American factories tomorrow, it would still have to pay the 87,000 United Auto Workers members who labor in them, while also continuing to cover health care and pension costs not only for them, but also for twice that many UAW retirees and their dependents.
The plant closings and layoffs that Ford announces Monday will either require the approval of the UAW or have to wait until the current contract expires in 2007."
"Most manufacturers would have been forced to downsize a long time ago. However, like the other domestic automakers, Ford's union contracts limited its ability to trim manufacturing operations to match its greatly reduced market share.
Even if Ford boarded up all of its American factories tomorrow, it would still have to pay the 87,000 United Auto Workers members who labor in them, while also continuing to cover health care and pension costs not only for them, but also for twice that many UAW retirees and their dependents.
The plant closings and layoffs that Ford announces Monday will either require the approval of the UAW or have to wait until the current contract expires in 2007."
#7
Yea, and those 87,000 unionized workers that are keeping the company from "downsizing" wouldn't have jobs or homes if they weren't unionized. Instead of Ford blaming the their employee's labor union, they should blame who ever in their corperation it is that is incapable of marketing and sales strategies and maybe design and engineering as well?
#9
"Ford has responded by cutting its white-collar work force, selling its Hertz rental car business and reshuffling senior management."
"In total, Ford is expected to reduce its North American factory capacity by about 25 percent, or more than 1 million units.
Including hourly and salaried job cuts, Ford will commit Monday to reducing its 120,000-member North American work force by about a quarter, according to people familiar with the plan.
Top executives will not be spared. Bill Ford also is expected to announce a significant reduction in the number of corporate officers at Ford by March 1, according to people familiar with the plan.
One of those expected to leave is Steve Lyons, group vice president over sales and marketing for Ford, Lincoln and Mercury."
does anyone read the whole article??
"In total, Ford is expected to reduce its North American factory capacity by about 25 percent, or more than 1 million units.
Including hourly and salaried job cuts, Ford will commit Monday to reducing its 120,000-member North American work force by about a quarter, according to people familiar with the plan.
Top executives will not be spared. Bill Ford also is expected to announce a significant reduction in the number of corporate officers at Ford by March 1, according to people familiar with the plan.
One of those expected to leave is Steve Lyons, group vice president over sales and marketing for Ford, Lincoln and Mercury."
does anyone read the whole article??
#12
Well it's official...
http://www.centredaily.com/mld/centr...s/13691367.htm
Looks like this is the direction FOrd wants to go.
http://www.cnn.com/2006/AUTOS/01/23/...eut/index.html And it looks like the Edge will be going into production.
Ford Motor Co. named five assembly plants to be idled through 2008, and the St. Paul plant wasn't on the list. However, Ford said it would announce another two plants later this year.
Looks like this is the direction FOrd wants to go.
http://www.cnn.com/2006/AUTOS/01/23/...eut/index.html And it looks like the Edge will be going into production.
Last edited by MrRngr94; 01-23-2006 at 12:53 PM.
#13
#16
#17
lets not all forget, 2005 was the BIGGEST bonus for corporate america in history. everyone likes to blame the uniuons, unions keep big business from screwing the little guy. the ceo's and board of directors all got MILLIONS in bonuses. im sure that had something to do with it... and healthcare? it surprises me no one has realised this, everyone says "healthcare is killing these companies" yet no one wants to admit that healthcare in this country is designed soley for the super rich. cause their the only ones that can afford it. but, thats the way life is, you people wont actually start *****ing till the **** REALLY hits the fan, oh well, im off to work.
#18
Originally Posted by FMD
lets not all forget, 2005 was the BIGGEST bonus for corporate america in history. everyone likes to blame the uniuons, unions keep big business from screwing the little guy. the ceo's and board of directors all got MILLIONS in bonuses. im sure that had something to do with it... and healthcare? it surprises me no one has realised this, everyone says "healthcare is killing these companies" yet no one wants to admit that healthcare in this country is designed soley for the super rich. cause their the only ones that can afford it. but, thats the way life is, you people wont actually start *****ing till the **** REALLY hits the fan, oh well, im off to work.
~HJ
#20
#23
Unregistered User
Posts: n/a
I blame consumers the most. We all buy rice and then wonder why our neighbors dont have jobs.
Heres the reality of the situation as has been presented before : All those high paying jobs tax revenues will have to be made up somewhere. Those UAW folks pay almost DOUBLE what non-union laborers do in SSI takes. Its a 3:1 ration ( working to collecting ) SSI right now.
When all of your taxes start going up and theres no SSI to retire to, go out and wax your Hondas and be proud you bought a better vehical for a few grand less. You'll be paying more then a few grand over the 40 years of work in taxes to make up the difference.
What are the states themselves going to due when that lost tax revenue hits their budgets? That new house you bought with the low intrest rates just became an anchor on your state property taxes. Pray its not a variable rate loan.
Griggs was right in ' buy american '. If anyone wants to post up what vehical costs more or is a piece of dung, its IRRELIVENT, tell that to the folks doing the budgets and collecting taxes, see how much they care.
2% of the U.S. GDP is on the line right now, Thats a BIG chunk of everyones future.
CONSUMERS are to blame the most. Everyone wants the greatest bang for the buck, nothing else matters. Its all about ' me ' .
You all can blame the Unions, CEO's, I blame everyone whom buys imported goods when we can buy something that supports a job *HERE*.
D.
Heres the reality of the situation as has been presented before : All those high paying jobs tax revenues will have to be made up somewhere. Those UAW folks pay almost DOUBLE what non-union laborers do in SSI takes. Its a 3:1 ration ( working to collecting ) SSI right now.
When all of your taxes start going up and theres no SSI to retire to, go out and wax your Hondas and be proud you bought a better vehical for a few grand less. You'll be paying more then a few grand over the 40 years of work in taxes to make up the difference.
What are the states themselves going to due when that lost tax revenue hits their budgets? That new house you bought with the low intrest rates just became an anchor on your state property taxes. Pray its not a variable rate loan.
Griggs was right in ' buy american '. If anyone wants to post up what vehical costs more or is a piece of dung, its IRRELIVENT, tell that to the folks doing the budgets and collecting taxes, see how much they care.
2% of the U.S. GDP is on the line right now, Thats a BIG chunk of everyones future.
CONSUMERS are to blame the most. Everyone wants the greatest bang for the buck, nothing else matters. Its all about ' me ' .
You all can blame the Unions, CEO's, I blame everyone whom buys imported goods when we can buy something that supports a job *HERE*.
D.
#25
I worked 12 years in a UAW closed shop. When a union represents the people, it's a generally a good thing; it's the only way to stand ground against a government protected corporation. My old employer no longer exists, but not because of the union.
(lookup: Oligarchy)
But when the Union represents their own interests, it's bad. The workers get screwed by both the company, and the union.
"Healthcare" is another industry ruled by giantic protected corporations. Do you remember what it was like before the socialist HMO structure we have now?
As a future patient, I should start a Healthcare Patient's Union.
(lookup: Oligarchy)
But when the Union represents their own interests, it's bad. The workers get screwed by both the company, and the union.
"Healthcare" is another industry ruled by giantic protected corporations. Do you remember what it was like before the socialist HMO structure we have now?
As a future patient, I should start a Healthcare Patient's Union.
Last edited by AeroDoc; 01-29-2006 at 10:11 PM.