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11-02-2009, 11:36 AM
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Ford Motor Company posts surprise $1B profit
BusinessWeek
Hm. Sadly, this will probably make Ford a target for more taxation and the Unions will undoubtedly use this as an excuse to try and get more, even as the Government will, no doubt, take credit for all this. Edit: Woops, some of that has happened already: More BusinessWeek
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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 Last edited by unixknight; 11-02-2009 at 11:41 AM. 
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11-02-2009, 11:45 AM
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Actually, the government is partially to thank for this. They gave bailouts to GM and Chrysler, which made Ford look sparkling by comparison. On the flipside though, imagine what kind of numbers Ford would be posting if the other two had been left to die. I think we'd be seeing some anti-trust litigation right about now.
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From the ashes of chaos, a Revolution is born.
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11-02-2009, 12:11 PM
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Ford is doing well because they are able to have commercials as they wish as well. You hardly see any GM commercials (not nearly what you used to) and I can count on one hand the Chrysler commercials I see in a week. See about 1 or 2 Ford commercials/hour, though.
A lot of people swore off of GM/Chrysler when they took the bailout because it was NOT a popular action by either administration. And I used to work with both GM and Ford in selling them parts, and believe me, Ford was much easier to work with as a supplier than GM was, by FAR. They actually treated you like a partner. GM treated you as an adversary for the most part, and truly adhered to the old purchasing motto: you (the supplier) are wrong. Even if you prove that you are right, you are wrong and you will be the one to pay for it. I was sad to see the US cede automotive supremacy to Toyota (BTW, I am a Toyota man, I have always had them and always will), but since it was GM, I wasn't too broke up by it...
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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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11-02-2009, 12:21 PM
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Quote:
And they were right.
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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 Says Thank You to unixknight For This Useful Post: | ||
Loudmouth_Mormon (11-02-2009) | ||
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11-02-2009, 12:28 PM
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I drive a Ford....a big, gas guzzling, environment killing, tree hugging nightmare......Expedition! Love it and love contributing to the global warming paranoia.
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We've got nothing to fear...but fear itself? Not pain, not failure, not fatal tragedy? Not the faulty units in this mad machinery? Not the broken contacts in emotional chemistry?
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| The Following 2 Users Laughed Out Loud when they read bytor2112's Post: | ||
panacea (11-04-2009), prospectmom (11-02-2009) | ||
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11-02-2009, 12:33 PM
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Quote:
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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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11-02-2009, 12:41 PM
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I'm still lamenting the demise of the Excursion. I'm not much of a car guy, but I hear they were wonderful tow vehicles.
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Your lawyer in practice spends a considerable part of his life doing distasteful things for disagreeable people who must be satisfied, against an impossible time limit and with hourly interruptions, from other disagreeable people who want to derail the train; and for his blood, sweat, and tears he receives in the end a few unkind words to the effect that it might have been done better, and a protest at the size of his fee. --William L. Prosser
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11-02-2009, 01:30 PM
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How's this for towing ability? It can haul a tank (literally).
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From the ashes of chaos, a Revolution is born.
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| The Following User Laughed Out Loud when they read Godless's Post: | ||
Just_A_Guy (11-02-2009) | ||
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11-02-2009, 01:54 PM
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I seriously need some new glasses. I thought the title said that Ford announces an $18 profit...not $1B. I thought wow...at least they made a profit.
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| The Following User Laughed Out Loud when they read pam's Post: | ||
Elphaba (11-02-2009) | ||
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11-02-2009, 04:37 PM
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If you read the financial statement, most the "profit" came from cost cutting, plant closures, union concessions and, yes; higher sticker prices for new models. I am not impressed
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