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11-02-2009, 07:57 PM
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Ford never took any bailout money (must be Bushies fault) unlike the others ...of course Chrysler took the money and ran to Mexico...
__________________
As Long As I Am Here......It Doesn't Matter Where Here Is..... All great change in America begins at the dinner table......Ronald Reagan Government always finds a need for whatever money it gets.....Ronald Reagan 
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11-02-2009, 11:54 PM
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I own a 1997 Ford Mustang convertable. It still runs like a dream with nearly 200,000 miles. I have had to replace the starter and the battery. I am sold and will stick with Ford forever. My next car will be an Explorer, and then another Mustang when this one finally dies which I don't expect for a very long time.
I also bought Ford stock when they refused the bailout money. It's up 36%. My Bank of America is up 120% and my Disney is up 51% since April. I am sticking with them too.
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11-03-2009, 03:01 AM
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I can go back to the early 70's with their marriage to Mazda (I'm a Mazda girl) but for the sake of brevity, we can just start at the start of this century and I'll gloss over the bits and just state the highlights relevant to this discussion. Ford was making good profits in the mid to late 90's when in 2001 their tires started blowing up... remember that? That event caused Ford over FIVE BILLION dollars LOSS just in 2001 alone! Because of that event, Ford ranked LAST in vehicle quality and safety, Ford's name was mud in the car industry. That was a tough challenge. To rise up to the challenge, Ford fired Nasser -their CEO, and got a new one - William Ford, Jr (yes, Henry Ford's great grandson), and this new CEO made a commitment to rebuild Ford's image. This new CEO did what Toyota has always done - strive to be best in class, not just competitive - which means, building cars anticipating what people want in quantities anticipating market share, and build them good. Therefore, to meet that goal Ford had to close several plants in 2002 through 2006 as Ford continues to incur losses from tire recalls and lawsuits and a much lower market share from the low ranking. They finally started to see profit again in 2008. Note, I'm only talking about the automotive part of Ford - their vehicle credit company has been keeping the company afloat through those years. So then, because of their new vision, they have much fewer cars in the market when the "financial crash" happened in late 2008 than their GM and Chrysler counterparts. They had much fewer cars to offload in the Cash for Clunkers program. Also, because of their new vision, they have invested heavily on what people want nowadays - green cars and cars that you can "talk to" to change your music and the like. They are finally getting traction on their hybrids and are building cars in the low price-points that could compete with a Hyundai and keeping their high-end cars with high sticker-prices for those who want them. Whatever William Ford, Jr is doing, it is working. He has successfully negotiated terms with UAW to keep their retirement costs manageable, he has been spot-on on predicting market patterns, and he has been wise in refusing to cede partial control to the US government. Coming from almost a decade of losses to finally making $1B profit is no small achievement. But then, Ford has gone through worse before and still came out fighting. If you think that cutting costs, plant closures, and union concessions is not the ticket to keeping your company afloat in this economy, then you must be a GM... and look where they are now.
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sixpacktr (11-03-2009) | ||
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11-03-2009, 05:27 AM
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Anatess,
Spot on! Maybe Obama should get YOU to be the car czar....you obviously know more than the person he put in there about the car companies!
__________________
That would not be difficult to express. I found most helpful to me was going to my knees thanking my HF for life, for experience, for my family, and then directly asking him to go before my face, to be on my right hand, to be on my left hand, and his spirit in my heart, and his angels round about me to bear me up. --Thomas S. Monson, Feb 4 2008 News conference upon becoming President of the LDS church. Hard work won’t kill you, but why take the chance?? ---Motto of the Democrat Party
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11-03-2009, 07:23 AM
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__________________
A knight is sworn to valour. His heart knows only virtue. His blade defends the helpless. His might upholds the weak. His word speaks only truth. His wrath undoes the wicked. -The Old Code
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| The Following User Laughed Out Loud when they read unixknight's Post: | ||
sixpacktr (11-03-2009) | ||
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11-03-2009, 07:28 AM
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It is really easy to spot why Ford is smelling roses right now. Things like the Ford Work Solutions technologies and Ford Smartgauge are just a sample of what Ford is up to these days! Ford Work Solutions Demo Ford Smartgauge Demo This is a perfect example of how American innovation can put the USA on top again. Think of the 90's and think of Bill Gates. Think of the airplane even! We haven't led anything innovative the past decade except for medical innovations. Last edited by anatess; 11-03-2009 at 07:31 AM.
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