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Ford News

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  • steverstever YooperlandPosts: 39,936
    No one can figure out Kerkorian. He's 90 - does he want to go out owning a car company or what? (he was an officer at Studebaker 50 years ago).

    If he's not careful he'll wind up owning Ford and taking it private. Then what? Let Renault/Nissan buy both it and Chrysler?

    He did make a pile when he made his run at Iacocca's Chrysler.

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  • dtownfbdtownfb Posts: 2,915
    It wouldn't be a bad idea. Cerrebus did it with Chrysler. And Ford has much more going for it then Chrysler ever did. Kerkorian (his company) could raise the capital Ford needs to turn this boat around. Of course the UAW should be very afraid.
  • lemkolemko Posts: 15,116
    If Kerkorian bought Ford, could he get rid of the UAW? The UAW is still at Chrysler despite being bought by Cerberus.

    Heck, I would like to own GM if I had Kerkorian's money!
  • steverstever YooperlandPosts: 39,936
    Well, my mom is 86 and she's still sharp as a tack, so maybe Kerkorian has a trick up his sleeve yet. Beats sitting around watching TV I guess. But geeze, he's down 33% on the shares he's picked up in the last few months.

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  • nippononlynippononly SF Bay AreaPosts: 12,687
    If Ford is still selling Foci at a loss and only breaking even on Fusion and Taurus, then they have as good as had it. They have nothing that will boost sales in the car realm coming to the market in less than 24 months.

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • savethelandsavetheland Posts: 671
    How in the world Ford cannot make profit on Focus? It is not possible. Ford did not change Focus for 10 years, not a dime spent on development/prodcution. Wasn't making profit a point of not bringing Euro Focus to USA? They should make a tons of $$ of Focus.
  • nippononlynippononly SF Bay AreaPosts: 12,687
    Yeah, that's what I would have thought too, but apparently not according to the post I was responding to. :confuse:

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • dtownfbdtownfb Posts: 2,915
    My comment about the Escort and Focus was based on the late 1990s, not today. But my guess is the Focus does not make Ford a lot of money. There were always incentives on this vehicles. they did this to move the vehicles but also to maintain CAFE standards. When you sell 900,000 pickup trucks a year at a huge margin, you can afford to only break even with your cars. The current generation is different but small cars don't make a ton of money which is why their markup is generally small.

    My biggest pet peeve with the domestics is they spent so much time and money on the pickups and SUVs in the 90's and gave us humdrum cars while the better cars were over in Europe. And they wonder how Toyota, Honda, Nissan etc. caught up and why people prefer their cars. You make your decisions and now you have to live with it.
  • savethelandsavetheland Posts: 671
    Still Toyota makes Corolla in California with "help" from UAW workers and somehow manages to make record profits. Toyota is on the same market with same CAFE rules. What makes Ford so special that it cannot make monay selling cars? Everybody else somehow manage to make money - Nissan, Honda, GM, Toyota.
  • grbeckgrbeck Posts: 2,361
    Ford is making money on the Focus. Transaction prices are up for the new model, and sales to fleet customers are down. One figure I've seen has retail sales at over 90 percent of total sales. Ford isn't making Super Duty-size profits on the Focus, but the car is profitable.

    Ford also makes money on the Fusion. Basing production in Mexico helps in this regard.
  • steverstever YooperlandPosts: 39,936
    News to me....

    "But in the past four years, Ford has doubled the number of Quick Lane centers nationwide -- to 500 -- as the automaker and its dealers try to capture more of the profitable parts-and-service business. Suttles noted that consumers have generally disliked getting their car serviced at dealerships, where they have often had to make appointments and face long waits, among other aggravations."

    Ford moves steadily into Quick Lanes

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  • A fugly car, designed for Americans that have Big-Gulp size cup-holders and useless decorative bling as criteria on their shopping list.
  • larsblarsb Posts: 8,204
    I don't think they hit the mark:

    Ford posts largest quarterly loss in the histowy of it's wurld

    Ford Suffers Record Loss
    As Oil Shock Hits Industry
    By MATTHEW DOLAN and JEFF BENNETT
    July 25, 2008; Page A1

    DETROIT -- In a fresh sign of the turmoil wrought upon the auto industry by high fuel prices and cratering demand for trucks, Ford Motor Co. reported an $8.7 billion loss for the second quarter and outlined a plan to reorient its North American operations to ramp up production of small cars.

    Ford's loss was its largest quarterly setback ever.
  • jeyhoejeyhoe Posts: 490
    The 'histowy of the wurld'? Go back to dwiving youw hybwid and weave us awone.
  • nippononlynippononly SF Bay AreaPosts: 12,687
    Volvo lost more money in this quarter than it did in the same quarter last year. But the bottom line is it lost money consistently. Time to DUMP IT NOW.

    They say they have cash reserves of $28 billion and access to credit of another $10 billion, which means at their current burn rate of just shy of $1 billion PER MONTH, they still could go three more years without seeing profits and without going out of business or declaring bankruptcy. That might be enough time, but I dunno:

    - they plan to rejuvenate the Mercury line, talk about throwing your money STRAIGHT down the toilet

    - they plan to "ramp up hybrid production" in 2009, yes, but what's their big new model debut for '09? Mmm hmm, the Lincoln 7-passenger. See above regarding throwing money down the toilet.

    - they sure are gung ho about bringing those European Fiestas here....but not any time soon, as they are still two years away, if then.

    - the European Focus they should have brought here years and years ago finally arrives next year. But if they didn't bring it before because they would have to sell it at a loss, what has changed that it will now be profitable?

    - they are still gung ho about continuing the Explorer as a unibody crossover, which means I guess Taurus X goes away? But talk about a flooded market segment, 5- and 7-passenger crossovers....

    - oh yeah, and they have extended the run of the Ranger to 2011, which is actually kinda interesting in a twisted way. A truck designed in the 90s will still be sold brand new in the 2010s. It's kinda like a museum piece you can buy in running condition brand new, and actually drive around....VW did this in third world countries for an extra 20 years with its original VW Beetle. In Mexico City they used them as taxicabs.

    I think Ford will still be hurting in two years, and probably still in three years when all this cash they have sitting around has been exhausted. Their stock is down to $5 now, maybe people will think it is a bargain. Me, I would stay away.

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • bumpybumpy Posts: 4,435
    the European Focus they should have brought here years and years ago finally arrives next year. But if they didn't bring it before because they would have to sell it at a loss, what has changed that it will now be profitable?

    Supposedly, the reskinned old Focus we got was supposed to be cheaper to design than refitting the factories for the Euro Focus (but that turned out to be wrong). Also, people are actually now willing to pay money for smaller cars with interior features from bigger cars, so Ford doesn't have to blow out Foci for $12k anymore (or so they hope).
  • nortsr1nortsr1 Posts: 1,060
    I believe I read in the latest issue of Motor Trend that the Europenn Focus (if brought over here as is....would have to be priced at $28,000.00(that's U.S.Dollars) and there is no way the U.S. Buyer would pay $28,000.00 for a Ford Focus. It went on to state that in order to get the price low enough for U.S. sales it will lower the interior standards and probably do a lot of other decontnting to get a feasable price.
    Seems to me they will have to do a lot of the aforementioned to get a decent sellable low price against some stiff competition.
    Yes, they would probably pay more money as you stated...but....how much more!! :confuse:
  • bumpybumpy Posts: 4,435
    Those sorts of articles always start with the price in Euros or pounds, then do a straight currency conversion, which is wholly unrealistic. If Ford were to ship them over here, they'd probably be realistically in the $18-24k range. However, what Ford is actually doing is importing the designs and building them in North America (hopefully without any of that decontenting nonsense, which is what ruined previous attempts to bring Euro cars here) which should put the price range in Civic territory.
  • Volvo lost more money in this quarter than it did in the same quarter last year. But the bottom line is it lost money consistently. Time to DUMP IT NOW.

    Can you cite a source for this?
  • nortsr1nortsr1 Posts: 1,060
    They specified it would be that amount in U.S.Dollars.
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