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THE Ford Motor Company Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Is the Ford Motor Company toast?

Unread postby Pablo2079 » Fri 08 Dec 2006, 15:45:39

I think Ford will be fine. The only place they really aren't doing well is the North American market. They're making the tough choices now to make them more profitable.

A common misconception is that they lease the Toyota Hybrid system. They do not. They purchased the rights to use some of their patents and Toyota purchased the rights to some of Ford's patents. The Escape Hybrid system is at least as good as the Prius' if not better (I'll try to find the tech info to explain why). Watch for a Fusion Hybrid and Focus Hybrid in the near future. Probably E-85 compatible as well.

There has also been some recent talk of bringing over some of the Ford models sold in Europe and selling them here under the Mercury brand. This has been something that previous management has resisted (not sure of the reasoning, but most of that management is now gone).

Lincoln has also recently gotten good press for the MKZ (redone Zephyr) and the MKS (CUV).

I actually think they're turning the corner and doing what needs to be done. If the UAW will step up, agree to kill the job bank and let Ford compete with other manufacturers that are not hindered by unions, I think you'll find them more than competitive. GM is a big question mark. I don't see them making all the hard choices that Ford is making... maybe they'll be okay.... maybe not.

But, of course, Peak Oil will ultimately take care of all of this... one way or another. It just remains to be seen when, and no.... I don't work for Ford. I just get tired of all the "Toyota can do no wrong" stuff out there.... They do have a good product, good dealer network and good advertising... but other manufacturers have made significant progress and I believe Ford is doing something right, finally.

Some recent good news for Ford:

http://detroitnews.com/apps/pbcs.dll/ar ... 148/AUTO01

http://wardsauto.com/home/best_engines_winners/

http://www.post-gazette.com/pg/06341/744125-97.stm

http://www.leftlanenews.com/2006/12/05/ ... on-hybrid/

Interesting article about their recent "financing":

http://www.freep.com/apps/pbcs.dll/arti ... 80337/1014
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Re: Is the Ford Motor Company toast?

Unread postby TommyJefferson » Fri 08 Dec 2006, 16:08:46

$this->bbcode_second_pass_quote('ElijahJones', 'W')e need to stop protecting these auto companies. The market is sending them signals,


I agree. We need to let the mean 'ol Free Market work its magic.

Swim, or Die. This is the way of nature.

Toyota: Build affordable transportation for the masses at a quality level that slightly exceeds expectations relative to price.

Big 3: Build oversized, under-engineered and fuel inefficient cars for people who care more about image than value, while palming off sub-standard cars on mainstream customers.

Well guess what? It took 30 years, but the mainstream got tired of being burned by their crappy cars. They started buying Toyotas, Hondas, Nissans, Mazdas, Isuzus, and Mitsubishis.

I will start buying Detroit's cars again when I see 20 year-old examples or their vehicles chugging around like I saw unkillable 20 year-old Civics and Corrollas.

Until then, I hope they can swim.
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Re: Is the Ford Motor Company toast?

Unread postby Pablo2079 » Fri 08 Dec 2006, 16:41:39

Agreed, the Big 3 (now 2.5) sat back and let the other manufacturers come in and take marketshare. Fortunately, they're coming to realize that the other players are here to stay. They're cutting back tens of thousands of jobs and are now designing better vehicles. Competition is good for the consumer and also good for pushing new tech. into the marketplace.

Will GM and Ford look for a handout? I don't think they'll find one if they do.

Are they bringing relevant products to market? I think so... at least they're starting to.

Has there been such a backlash against them that even with well designed and manufactured products they won't find enough customers? This is the real big question. Has their reputation degraded to such a level that they aren't even considered by a large percentage of consumers when it comes to purchasing a new vehicle? Possibly.... I think that's why you see commercials that say things like "you gotta put Mercury on your list". They realize they're in survival mode now and that they need to convince the consumer that they have a competitive product.
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Re: Is the Ford Motor Company toast?

Unread postby budeone » Fri 08 Dec 2006, 20:55:45

Ford is not dead.. Its not even close.

They are showing they have faith in the new management and they will be fine.

Ford is not going anywhere!
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Re: Is the Ford Motor Company toast?

Unread postby TITAN » Fri 08 Dec 2006, 22:08:29

$this->bbcode_second_pass_quote('dukey', 't')hat debt is a drop in the ocean compared to the US debt of
Image



I would say it is closer to a drop in a bigger drop. Fords' debt is ONLY 1/55th the US debt...



1 penny would be closer to your analogy...
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Re: Is the Ford Motor Company toast?

Unread postby Denny » Fri 08 Dec 2006, 22:27:11

$this->bbcode_second_pass_quote('Niagara', '')$this->bbcode_second_pass_quote('Denny', '
')Denny, I'm curious. Did you short Ford?

If so congrats on the great call! Do you use any technical analysis software?


I did, but wish I'd done it earlier. Shorted at $8.11. I use log graphs, and look for channel just by eye. But, I try to couple that with an understanding of a company's business. One is never too sure about that either, even if you do lots of reading. I am familiar with control charts at work, have tried them on stocks, but stocks have too much market sympathy in them. I think I'll try again but use some filter to isolate general market forces (like the underlying market index) . I am not too familiar with technical analysis software. Every time I hear technical analysts pointing out special shapes, like a "cup and saucer" one, I get a bit skeptical. I wonder if they are so smart, why aren't they rich.
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Re: Is the Ford Motor Company toast?

Unread postby Denny » Fri 08 Dec 2006, 22:48:16

$this->bbcode_second_pass_quote('ElijahJones', 'T')hese saps could have been getting their design issue in order long ago but just like the grasshopper in the old tale they kept right on playing the fiddle while the winter moved steadily along. The resourceful and insightful Japanese were planning for this day and now they are seeing the benefits.


I worked in the auto industry back thiryt years ago or more. I made a lot of trips to Detroit and area too, and recall seeing a headline in a Detroit paper, I think the Free Press, which quoted the head of GM stating that they were paying more for health care than they were for raw steel and the situation had to stop. They had to take a hard line and change the basic union contract. Well, I guess he was right, but it turned out they had no guts, easier to keep playing for time. They are lucky they have had thirty years plus with that foolishness.

I still do not fully understand the American system of employment, why an employer would ever get themselves involved with unpredictable things like life time health care. An old management book by Alfred P. Sloan, the bedrock of General Motors, stated that the nature of the auto industry demanded that it minimize fixed cost elements in its structure, that it always had to be flexible to market demand, and the roller coaster of ups and downs in sales and market share. Better to have higher variable costs, that can be turned on and off, than a higher fixed cost, within reason.

I am sure the concept of assured jobs and unlimited health care costs would have been a big turn off to him. Today's auto execs will be learning this the hard way, and likely too late.
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Ford hit by record $12.7bn losses

Unread postby KevO » Thu 25 Jan 2007, 09:31:29

Ford has reported a loss of $12.7bn (£6.5bn) for 2006 - the biggest annual loss in the struggling US carmaker's 103-year history.

HERE
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Re: Ford hit by record $12.7bn losses

Unread postby gego » Thu 25 Jan 2007, 09:47:57

Now they know how the buggy whip manufacturers felt many years ago; whipped.
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Re: Ford hit by record $12.7bn losses

Unread postby Revi » Thu 25 Jan 2007, 10:04:19

I know why Ford is losing so much money. I have been trying to buy a newer version of my Ranger pickup. I asked for the one that is touted as getting 24/29 mpg. I was even thinking of buying a new car for the first time in my life. I have been to three dealerships. They won't sell me the one I want. I've tried hard. One even told me that it wasn't worth his while to sell me what I want. They are going down the tubes for a very good reason. They don't want to sell cars, despite what they say:

Ford hit by record $12.7bn loss



Ford is undergoing a major restructuring drive

Ford has reported a loss of $12.7bn (£6.5bn) for 2006 - the biggest annual loss in the embattled US carmaker's 103-year history.

A slump in sales, combined with major restructuring costs, saw the firm lose $5.8bn in the final three months of the year alone.

The iconic US carmaker has been struggling in the face of competition from Japanese rivals such as Toyota.

Ford has plans to close 16 factories in North America and cut 45,000 jobs.

The company, which is currently the second-biggest carmaker in the US, may be overtaken by Toyota in its domestic market later this year, reports have suggested.

'Aggressive actions'

Ford's full-year loss surpassed the company's previous record annual net loss of $7.39bn in 1992.

However, the company said it remained confident that it would return to profit by 2009.

"We began aggressive actions in 2006 to restructure our automotive business," said Ford chief executive Alan Mulally.

He added that the company wanted to "operate profitably at lower volumes and with a product mix that better reflects consumer demand for smaller, more fuel efficient vehicles".

Ford, the world's third-biggest motor company, made a net profit of $1.44bn in 2005.
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Re: Ford hit by record $12.7bn losses

Unread postby Pablo2079 » Thu 25 Jan 2007, 11:12:35

Not surprising they had record losses. With all of the employee buyouts and plant closings, it was expected. If they didn't do what they did in 2006, they probably would have ended up merging with another company in the near future.

Ford has let the Ranger stagnate. I'm not sure for their reasoning for doing that. They're known for making great trucks, so why let the small version wither on the vine??

Fortunately for Ford, they are right up there with Toyota with the efficiency of their Hybrid technology. Ford and Toyota are actually sharing patented technology in that area. I read that they are looking to release a plug in hybrid version of the Fusion. That should sell well.

The UAW needs to make more concessions, or the big 2.5 are going to continue having difficulty. It's hard for them to compete with other manufacturers that are able to set up non-union shops. I suppose it's partly their fault for agreeing to these contracts back when things were good.

The real odd thing for Ford specifically is that they are doing really well in most other parts of the world. Hopefully, they'll start selling some of the product that they have over in Europe in North America.

It will be interesting to see how Ford does this year.... as well as GM and Chrysler.
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Re: Ford hit by record $12.7bn losses

Unread postby cube » Thu 25 Jan 2007, 12:45:24

$this->bbcode_second_pass_quote('Revi', '.')...
They won't sell me the one I want. I've tried hard. One even told me that it wasn't worth his while to sell me what I want.
.....
ouch! That's harsh comming from a salesman.

Ford is suffering from the same dillusions as the music industry. Both made a KILLING in previous decades selling a cash cow. For the music industry it was CD's, for Ford it was SUV's and big trucks. When a company has made it's fortune off a cash cow it's difficult to let go, even when the market has changed and it is obvious to all.

I have no sympathy for Ford. They should continue closing some more plants. That's the way the free market works. If you can't sell something that people want to buy....then you close up shop. :-D
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Re: Ford hit by record $12.7bn losses

Unread postby dukey » Thu 25 Jan 2007, 12:58:10

ford won't last much longer if they keep losing this much money
gm's future is questionable also
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Re: Ford hit by record $12.7bn losses

Unread postby Dreamtwister » Thu 25 Jan 2007, 13:02:40

$this->bbcode_second_pass_quote('dukey', 'f')ord won't last much longer if they keep losing this much money
gm's future is questionable also


There's a difference though. I think Ford is actually trying to find a way to stay in business.

GM, on the other hand, seems intent on deliberately bankrupting itself.
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Re: Ford hit by record $12.7bn losses

Unread postby Boris555 » Thu 25 Jan 2007, 13:14:16

Ford's Hybrid technology is pretty awesome. I hope they can spin that into profits soon. And put it in more vehicles.

I also like Ford's display implementation to show hybrid power usage. Toyota has a flat-screen with complex graphics showing power flow. When you are braking or coasting the power flow reverses, the colors change, little things flash and move, etc.

Ford just uses a simple gauge that has "Charging" on one end and "Power" on the other. When you brake, the needle heads toward "Charging", when you accelerate it moves toward "Power". MUCH simpler and cheaper, and tells you the same thing.
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Re: Ford hit by record $12.7bn losses

Unread postby dukey » Thu 25 Jan 2007, 13:44:54

they both suck
a small diesel engine like what they sell over here (europe) will be a lot cheaper and just as fuel efficient
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Re: Ford hit by record $12.7bn losses

Unread postby nemo » Thu 25 Jan 2007, 13:49:48

$this->bbcode_second_pass_quote('Pablo2079', '
')The real odd thing for Ford specifically is that they are doing really well in most other parts of the world. Hopefully, they'll start selling some of the product that they have over in Europe in North America.

Ford Focus is a very successful car in Europe. It holds it's own in the highly competative "Golf-class", or "4 meters of car" as I like to call it - they're all very similar engineering-wise. Clearly Ford can build great cars - the question is if Americans want to buy them once economics inevitably triumphs emotional appeal. Also, the great success of ladder-frame cash cows has probably lulled Ford into accepting some ground lost to overseas manufacturers that never fully went all-in on the SUV-mania. I think Ford will find it difficult to tranfer it's brand loyalty from great hulking trucks to econo-boxes. There's so much competition and the profit margin is so slim.
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