What is Digg?33 Comments
- StingingNettle, on 07/24/2008, -0/+15Great! Maybe the FED will exchange U.S. Treasuries for worthless SUV's to keep Ford alive.
- hep2djive, on 07/24/2008, -0/+11Ford, has got a bunch of problems causing the drop in sales.
- smacksaw, on 07/25/2008, -1/+10Ford are idiots. Congratulations, you have the F-series, the #1 selling truck (and vehicle, until recently). Now you're bankrupt. But, hey, you're #1! That's all the matters, right?
US Ford is worthless. I just rented a new Taurus. What a piece of garbage. Aside from the full-size trucks, they make nothing of interest in the US market. Ford should move to Europe, focus on the awesome cars they have there and give the company to the UAW in the US. Seriously, if the UAW thinks they're so ***** smart and can bleed the company dry, let them have it. If they can run it well, awesome. If not, maybe they can ***** off before we lose GM, too. - XtheXlanternX, on 07/25/2008, -0/+9American business is now reaping what it has sown. They had the last fifty years to prepare for the eventual rise in the price of oil, but they ignored preparing for the future in the interest of getting the most profit they could every year. Now they will pay for their short-sightedness, and I can honestly say that I don't feel sorry for them (or any of these businesses that had adequate time to prepare for this).
- inactive, on 07/24/2008, -1/+10This is a sign of the times.My neice worked for Ford credit and part of her package was stock in Ford. Three years ago I advised her to sell as much of it as she could and she got out just before it really dropped.
A friend of mine worked for Ford Aerospace and part of his retirement package was Ford stock. He's still in but wonders why - inactive, on 07/24/2008, -0/+8LMAO!
At least the Fed would get something more than worthless paper - mj1903, on 07/25/2008, -0/+6This is only to be expected from car manufacturers worldwide, not only in the US, due to the economics of the business. It costs a fortune to research and develop a new model, gear up a factory, market and finally distribute the cars and all for a paltry margin on each vehicle that dwindles and dwindles each year due to relentless competition. One mistake in any of those processes and the margin completely vanishes or you end up with a vast number of vehicles you can't sell because it took you so long to get the end product to market.
It's a wonder GM and Ford still exist today. - ironeus, on 08/01/2008, -0/+5Good advice you gave your niece, having too much stock in the same company which employs you keeps all your apples in one basket. You can support the company's products but should always diversify private finances.
- GoBack2Europe, on 07/25/2008, -0/+4United Auto Workers
- StingingNettle, on 07/24/2008, -0/+4Scrap metal rates aren't that bad!
- Midtowner, on 07/25/2008, -1/+5Wall Street got drunk.
- brettg102, on 07/25/2008, -0/+3They announced also they are bringing they're Europeon models stateside...which is a great decision. The Mondeo over there is an excellent car as well as their Focus.
- VandyB, on 07/25/2008, -0/+3Or go bust.
- oldgal, on 07/25/2008, -0/+2Tell me again how much the execs make?
- voteforblank, on 07/25/2008, -0/+2Ford = GM, GM = Budweiser, Therefore Ford = Budweiser...
They are all in it for the sellout. - Cryptocracy, on 08/17/2008, -0/+2It was different back then, we had an industrial base.
- inactive, on 07/24/2008, -1/+3Especially when you sell the scrap to the manufacturing power house of China! Maybe they can roll the left over metal into soup cans and then sell them back to our government. You know we are going to need something to put all that tasty stew in.
Thank you master. Can I have another ladle full? - inactive, on 07/25/2008, -0/+1The Japanese fighter Mitsubishi Zero overstayed its welcome during WW2 and Japan was soundly defeated by sticking with an obsolete airframe design.
Ford trucks are the American equivalent.
Its to late to retool,but maybe Ford can pump out a few desperate designs before the capitulation.
Probably China will buy Ford and manufacture out of a few token American plants and loot the rest - troye, on 07/25/2008, -0/+1A-men.
- ironeus, on 08/01/2008, -1/+2I'm sure we've all heard our elders reminisce about how cheap certain big corporate stocks were in the 50s & 60s when they were in the single digits. Well, history repeats itself, and so does the stock market -- today (F) stands at barely over $6/share. GM recently hit its lowest value since Eisenhower was in office -- I'd speculate both can only go up.
- troye, on 07/25/2008, -0/+1Amen.
- GeauxLSU, on 07/25/2008, -0/+1Less Americans driving farm equipment as personal transport = Less wasteful consumption!
One problem down, now how to get Americans to exercise and quit eating crap or too much food....We will see a healthy nation and less heath care issues. - zacharytelschow, on 07/25/2008, -0/+1"this was the obvious move ever since the 1970's oil crisis..."
Yes, so completely obvious. Just like it was obvious during the early 90's when the Ford Explorer was experiences tremendous sales and gas was $1.25/gallon. What an obvious choice. I can't believe they didn't quit making incredibly profitable SUVs sooner even though sales didn't drop significantly until this year. Oh, the obviousness of it all. - zacharytelschow, on 07/25/2008, -0/+1Thank you.
- zacharytelschow, on 07/25/2008, -0/+1"They had the last fifty years to prepare for the eventual rise in the price of oil..."
Yes, the price of oil has risen steadily for decades now, and it was only an eventuality that the price of oil would hit a tipping point at which consumer tastes shifted.
Also, have you considered the possibility that over-inflated oil prices could well crash, giving US automakers the ability to unload many of their larger vehicles and to give them a cushion on their reorganization plans? - zacharytelschow, on 07/25/2008, -0/+1The F-series is hardly a bad idea. A high margin and high volume vehicle, what idiots! I can't believe they sold it!
As far as your thoughts on the UAW, I couldn't agree more. They've taken more and more and more to the point where they probably negotiated themselves right out of a job. And since their pensions are government guarenteed, they keep what they got and we pick up the tab for their retirement if their company goes under. Whoo! - katich, on 07/25/2008, -0/+0Oil is being buoyed this morning by a softer dollar after dismal reports in the housing sector. And Realty-Trac reported that the number of foreclosures more than doubled in Q2 on a Y/Y basis, to 739,714 homes. This is 1 in every 171 U.S. homes.Get more market activities at http://xil.in/5952/ .
- pushu, on 07/25/2008, -0/+0As they say, it gets worse before it gets better. Hang in there Ford!
- zacharytelschow, on 07/25/2008, -1/+1The big three are in deep trouble. I'm against government bailouts, but I'd rather see $25 billion given to each of the three major automakers by our government than extending Fannie and Freddie an unlimited amount of credit. Without some kind of intervention, I doubt all three companies will survive the next five years.
That being said, Chrysler was revived by the minivan from the brink of bankrupcy; Ford grew tremendously on the back of its Explorer SUV. Which one of the big three will introduce a single vehicle that will bring it back? Or has Toyota already introduced that vehicle (the Prius) and left the Detroit in the dust? - rhydondirty, on 07/25/2008, -1/+0*I before E except after C.
Just for clarification that means, in words where I and E fall together, the order is IE, except directly following the letter C.
/condescending tone - kavutu, on 07/25/2008, -7/+3FORD---Found on road dead!!
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