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Holy SHIT!! Ford lost $24,000 per minute last year....
Pretty sad if you ask me. How long can they hold on with those kind of numbers?
http://money.cnn.com/2007/01/25/news...ex.htm?cnn=yes |
the average GFY'er makes that every week
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what's with the 4 threads?
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wow thats pretty sad to see a pioneer American company loose that much money
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Gosh that's enormous
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those numbers are crazy,lol
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doesn't sound too good...
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They didn't lose that much money... they just left it in their other pants.
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That is a lot of money! ! !
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Time to cut back what the unions can do, and get benefits under control. Can only pay each employee so much money, and that is the problem here.
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I saw the new CEO of Ford on the other day. he said quite simply, "Toyota makes a far superior product then us. But we are working on that part!"
With all that being said, I want to go buy a Toyota now. |
They need to cut back on the production of the mustangs, and the expensive cars that they build and can not sell.
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rest assured someone at FMC got rich while ford lost all that money and 30,000 people face unemployment.
Ford said it sold 253,976 cars and light trucks in August 181,111 in november. how do you sell that many of "anything" and loose money? assume they did 200,000 a month or 2,400,000 a year, not to mention used cars, repairs, ford credit, etc.. 1,270,000,000 / 2,400,000 = $529 lost per car sold. did i fuck up my math or is someone at ford an idiot for not being able to force me into buying "undercoating" and recouping some of this loss. the real loss is on paper. last january 265k cars sold. this january 200k cars sold. we "lost" revenue on 65k sales so we lost money... |
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last i heard the mustang couldnt be built fast enough. without a camaro or firebird on the market mustand sales should be strong. |
They have ohhhh about 34 BILLION DOLLARS IN CASH
This is a really rough accounting loss - but any business with that much liquidity isnt in that much immediate trouble. The problem for Ford has been their inability to turn out decent product - they need a home-run product soon or they will be toast. |
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Wow I almost feel bad but really they deserve it for making such lame cars.
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They probably spend more than that on free coffee for their employees every day.
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Hehe that's the same way banks lose profit. If they don't break records each year they've lost:winkwink: This is sad though. Ford is a staple. I still don't get why they haven't kept up with quality control. They know how, but have chosen not to for so many years. |
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The problem in a word is unions. |
Ford is the world's largest holder of corporate debt. They will be toast sometime soon.
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Blame it on many things but if American people were as patriotic as they claim ,they should buy at home
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I disagree Brad. Im not liquid enough to do it right now, but this is another Kmart situation here. If I would of bought when I wanted to a few years back I would have alot more mula laying around. Ford will bounce back, and stock is going to shoot back up within 9 months. Grab some now if you can. :2 cents:
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I'm no expert but I've read a little bit about this and in a way Ford did it to themselves. They allowed themselves to be manhandled by the unions and then they sunk much of their business into the sale of SUVs. The profit margin on an SUV is through the roof, the problem is that they focused on that so much that they let the development of other things slide. It was all good for a while, but now with gas prices through the roof the sale of SUVs is dropping and they are having trouble adjusting. Too many eggs in one basket.
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The 30,000 people facing unemployment have made a lot of money, they were all in a union, trust me, these guys have been making a killing for so long. Anything they wanted they would get it. |
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I liked this part.....
"That works out to a loss of just over $24,000 a minute throughout the course of the year, or about the price of a Ford Mustang." |
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"The shift in buyers' preference left Ford with numerous truck factories that were idle much of the quarter, even as unionized hourly workers continued to be paid near full salary. It responded to the downturn by offering all 75,000 of its U.S. factory workers buyouts or enhanced retirement packages to leave the company, which more than half of them agreed to do." They cant even fire people, they need to buy them out and spend even more money, money they dont have. |
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Not a pretty picture, but in line with the overall... |
Toyota is going to run all the American manu.s out of business. The only things left for Toyota to dominate is Nascar, heavy-duty vans (Fords Econ line), and more industrial trucks.
Every interior of a Ford or GM car looks exactly the same. Their gas mileage is crap. Only good thing they have going for them is the fact there's so many in junkyards its easy to find parts - but Toyota is catching up there too. I say another year or two before a Japenese company buys majority of Ford. GM will last a few years more but they'll start selling parts in no time. |
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excuse me for one minute last year they didnt lose 24 grand I bought a grand marquis lol
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