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Ford News

bigo08bigo08 Posts: 102
edited July 1 in Ford
I recall that Ford "Way Forward" Plan stated that the company would be profitable by 08, but as a hard-core Ford guy myself I don’t see that happening, because I have seen what Ford showed at the NAIAS, and I have to say I was not impressed.. There were a few good concepts like the Lincoln MKR and the Ford Interceptor. The 500 and Focus were disappointing. Let me know what you guys think.
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Comments

  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    bigo08,

    I honestly think it will at least take until 2009' to see a turn around. I don't see the product out right now to have such a turn around by 08' IMHO. I honestly can't believe Ford, isn't going to focus on another Taurus to help speed up that turnaround. GM, made a camcord fighter with the current Aura/Malibu but where's Fords ? The fusion IMHO isn't the answer. Ford, needs another awesome FWD car and the Taurus name has recognition and once was the best selling car in america. Oh well their loss is GM's gain ! ;)

    Rocky
  • I have to say I have been in the Milan, haven't been in a Fusion yet, and would say it is better then the current gen camry and equal to the previous gen Accord.
  • bumpybumpy Posts: 4,435
    What if Ford doesn't return to profitability anytime soon? A big chunk of the company's assets were hocked to secure a cash line, and if Ford goes kablooie the creditors will want to sell those assets off to somebody to get their cash back. How do you spell "Ford" in Chinese?
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    british,

    I wouldn't go that far... :surprise:

    Rocky
  • scape2scape2 Posts: 4,119
    Mainly because it is small enough to turn itself around. Also does have the cash to do so here in North America. Its going to be painful for the 40,000 that loose their jobs. UAW is going down hard in the next 10 years. Unions and manufacturing just don't go hand in hand in the "new world economy" Flexibility is key to competition, and unions are not flexible..
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    WASHINGTON, D.C. — A U.S. Chamber of Commerce study about to be released estimates that the auto industry loses $12 billion per year because of the proliferation of counterfeit auto parts.

    http://www.edmunds.com/insideline/do/News/articleId=119319

    Rocky

    P.S scape2, The UAW isn't going down. They are going to loosen up their work rules to allow more flexibility. This has already happened at a few plants already where the company wanted to expand at the plant but they would on only one condition and that was to redo the work rules at the plant.

    Rocky
  • heyjewelheyjewel Posts: 1,046
    Ah yes, more news about our wonderful and favored trading partner the Chinese.
  • Where's Jack Bauer when you need him?
  • Kirstie_HKirstie_H Posts: 10,913
    Driving his Ford Explorer. Haven't you been paying attention? :)

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  • heyjewelheyjewel Posts: 1,046
    Jack drives an Expedition, Kirstie! Apparently no concern over global warming. Which So Cal could have used a little of last week.
  • Kirstie_HKirstie_H Posts: 10,913
    Oh. Guess he traded up, or I'm stuck in season 1. Ford's been kind to him.

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  • fezofezo Posts: 9,442
    Well, Ford didn't do itself any favors with the revised Focus and 500. That's a shame because both had the potential to be something instead of a warmover.

    I generally think the Fusion is on the right track but is only a solid single when they need a home run.

    I hope to see Ford turn on a dime. Lord knows GM isn't doing it.
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    http://www.detroitnews.com/apps/pbcs.dll/article?AID=/20070125/AUTO01/701250389

    Rocky

    P.S. Wow, bonuses for a few of the priveledge while everyone else faces major sacrifice. Welcome to corporate america :sick:
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    Slumping sales, big restructuring costs lead to $12.7 billion loss for 2006

    Holy-cow !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Odie, we might be signing rookie arena league players next year at NFL league mininums :surprise:

    Rocky
  • NEW YORK (CNNMoney.com) -- Ford Motor Co. reported the largest annual loss in company history Thursday. The embattled automaker posted a fourth-quarter loss that was worse than analysts' expectations and the company warned of worse showings ahead.

    Weak sales of its key pickup trucks in the quarter and $9.9 billion in after-tax charges due to employee buyouts and plant closing plans resulted in $12.7 billion loss for 2006.

    http://money.cnn.com/2007/01/25/news/companies/ford_2006_loss/index.htm?cnn=yes
  • Ouch...

    Interesting to read the details though.

    - Europe Profitable

    - SA Profitable

    - Mazda Profitable

    - Asia/Africa almost profitable

    - PAG would be profitable if not for the anchor that is Jaguar not sure what is going to happen with that

    - NA HUGE LOSS

    Without going into more detail then that it seems like it would make sense to run North American operations more like European operations...

    It seems like Ford is planning to do that so lets see if the actually do.
  • Let's not lose sight of the fact that a big part of that loss came in the fourth quarter and was non-recurring, related to restructuring and buyouts.
  • Yes a large part of it did but even without it the loss would still have been in the billions.

    If ford can't get the overall opperations into a near even position this year with moderate losses in North America then they will be in trouble.
  • goodegggoodegg Posts: 905
    A loss is a loss. Other car companies aren't taking these. You can always come up with scores of extraordinary items to write off. Regardless - they're still losses!

    Ford is in huge trouble. This thing will escalate. It will probably only be profitable at a third of its current size. Who's gonna just throw money down the Ford black hole?

    The company will end up being like Sears. Their assets are largely unrelated to their core business.
  • heyjewelheyjewel Posts: 1,046
    Yep, and now our friend Chavez in Venezuela is fixing to nationalize the GM and Ford plants there. Arent the commies wonderful?
  • lemkolemko Posts: 15,204
    Just like those heating fuel commercials that say "from our friends in Venezuela!" Yeah, just like our "friends" in Iran and North Korea!
  • Yep, and now our friend Chavez in Venezuela is fixing to nationalize the GM and Ford plants there. Arent the commies wonderful?

    Yet another good reason to keep domestic manufacturing on our shores, not overseas or across the border.
  • Yes it's a loss, and yes it would still be large even without the extraordinary items. But, the losses were expected as part of restructuring, and if it turns the core business around to profitability, then that's what's needed. FoMoCo wasted many opportunities in the past and is now paying the price, but sometimes some pain like this is necessary to turn things around. It seems to be working for GM.

    Pointing to the current losses and saying it's over for the company is shortsighted, the same shortsightedness for which domestic auto companies themselves have been justly criticized.
  • Yes, you are right, but it was still devastating and Wall Street, from a lot of analysis, was NOT expecting this.

    It is almost like they're trying to screw up! No new ideas, except the concept of bonuses for doing nothing - yeah, that's a winner!

    What is that car over in Europe that's a hot seller?... Ford keeps making excuses as to why they can't do that here. I had a friend laughing so hard, I exclaimed that at this point, they should bring back the Ranchero - at least it would be something different! He actually thought about it, and said it wasn't a bad idea.... Population is getting older and he has often wished his pick-up bed wasn't so high....

    BRING BACK THE RANCHERO YOU TWITS!
  • How do you figure analysits were not expecting this?

    Look at the Ford stock price it did not drop with the news of the loss.

    In fact it actually finished yesterday at about even.

    http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=F&time=7

    Not sure if that chart will pop up but you can try it.

    Yesterday it opened at 8.15 and closed at 8.22.

    Looks to me like the market had already taken into account the loss.
  • Thanks Bumpy,

    Heaven forbid that vehicle should ever be sold here. Add another vehicle to the list of "Why doesn't Ford sell this here!"...... Morons.

    I don't follow the trades, does this have any chance at all in America? I think the kids (as well as their grandfathers) would love it!
  • Um...... It was so far off analysts expectations, it hit the nightly news (national) on the major networks. When something garners that much attention... A storm is brewing.

    I would say that pretty much illustrates some analysts did a double take.

    The stock can do anything it wants.... historically that happens all the time.... go ahead and invest.
  • bumpybumpy Posts: 4,435
    Not the current one, since it wasn't designed with LHD in mind. Hopefully Mulally is kicking the right butts to have the next platform designed with global aspirations. Maybe by 2010?
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