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Ford reportedly mulls deeper North America cuts »
Posted by: TimALoftis 2 years agoFord Motor Co. is considering closing more factories and eliminating more management jobs to cut North American salary costs by another 10 percent to 30 percent, the Wall Street Journal reported on its Web site.
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Comments: 26
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the-living-shadow
Aug. 18, 2006, 12:23 p.m.Hey Ford,
Lower Your Prices Substantially. You want to make a big effect on the consumer? Yeh, it will create competition. But, that is what it is all about.
Pull out all the stops, Ford.
It is about Price !!! LOW LOW PRICE !!
Can you cut the prices in half? How about 1960's prices?
Man, shake it up. Be a leader, if you want the gold ring.
And don't forget the jingle...Low prices are worth singing about.
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Virginia
Aug. 18, 2006, 1:15 p.m.Article states, " Chairman and Chief Executive Officer Bill Ford Jr. is under pressure to speed up the company's restructuring plan, dubbed "The Way Forward." That plan, unveiled in January, called for cutting Ford's North American hourly workforce by 30,000 and closing 14 plants by 2012. The Journal said Ford executives were now considering plans to expand the Way Forward cuts, speed up the closings and scale back benefits." Obviously the big cars, SUV's and trucks are just not selling with gas prices up.
Bill Jr. does not have the vision of Henry Ford who wanted people of this country to be able to have a car and therefore built one they could afford. Vision is needed here and the bureaucracies in charge of managing the big auto corporations just want their cut and have nothing to offer to the rest of us.
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CSUDropout
Aug. 18, 2006, 1:19 p.m.Seems that Large cars, SUV's and Pickups are the big problem according to the article, gee I wonder why??? you mean people have finally awakened to the fact that you can't get 30 miles to the gallon on the Ford Exploder,Exhibition, Lincoln town cars and such, well duh!! with gas at 3.20 per gallon people are wondering how to keep up with the escalating cost of fuel, and still maintain their lifestyle. Buy a Tesla, it's only about 40 grand more than you paid for the Exhibition or the Exploder, or the Humvee...Tesla car you ask check your search engine. Where O Where is Micheal Moore on this one??? I figure that soil container, would be right on top of it, since he has such an erection for big business, but then again he probably has stock in the company.
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redwriter
Aug. 18, 2006, 1:31 p.m.CNN and Reuters
The news is old the press today is that Ford is not going to close as many plants as it first thought it would have to.
Get you news eslewhere and save your brain while you still have one.
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jerryskid1
Aug. 18, 2006, 2:01 p.m.As long as I can get at least 8 miles per gallon, I'll continue to drive my giant vehicle.........
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bulliedn2silence
Aug. 18, 2006, 2:56 p.m.Closing factories and laying off management to decrease salary costs...I wonder how many of the Ford CEO's from the various branches have been willing to take a pay cut from there multi-million dollar yearly salaries to help save the company?
My guess...NONE. Typical corporate america. Companies not making profit so fire off the little guys and screw over small town america a little bit more, so the big CEO's can still have profitable stocks and make 10 Million a year in salary.
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thedadman1960
Aug. 18, 2006, 3:40 p.m.Buying cars for Americans falls under a variety of reasons.
Some are "we love our cars," style, sense of wealth, possesion, just plain having horsepower under our control. But Ford along with many other American car companies does not get "it." When is the last time someone said "man I am can't wait to get my PHAT, reliable Ford or Chevy." No American car made it into the top ten this year for the first time. That alone speaks volumes. I own 3 vehicles: 1. A 15 passenger Dodge van, decent, runs well, but cheap in interior and else where. 2. Hundai Accent 250,000 miles on the same drive train, original struts, does not burn oil, body not rusted, cheap on some interior, but for the $9,000.00 that I paid for it new, it has earned my respect. Brake jobs are a breeze, brand new rotors are $25.00 each, not even worth turning. 3. Nissan Altima 165,000 miles same drive train, same struts, good interior, does not burn oil, runs great. These last two cars are why Ford does not get it.
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joeblowe
Aug. 18, 2006, 4:09 p.m.Dad:
Where was that Nissan made? Kentucky? or imported from Japan? Doesn't even much matter. Practically every vehicle made these days has parts in it from all over. I work for a company that transports those parts, so you can believe that. If Ford has a problem, I'd say it's lack of innovation. They took a big (well, maybe not THAT big) chance with the Taurus. BIG winner. Since then.... yawn. And, they haven't put the MPG numbers upwards as fast as the gas station owners have raised the $$PG. And ---whoa, how in the world do you put on SO many miles? No wonder we are running out of petroleum. Help the economy a little, buy a new car once in a while.
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cyndieb
Aug. 18, 2006, 4:26 p.m.Fire the CEO. He hasn't done his job. Fire all the officers. They haven't done theirs either. At the very least, cut the highest salary to no more than ten times the highest paid line worker. Shame on those executives who would put their employees on unemployment rather than sacrificing their vacation homes in the Hamptons and country club memberships.
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rushran
Aug. 18, 2006, 4:49 p.m.If you fire the CEO they will pay him 30 million dollars for the crap job he did.. Build so good fuel economy cars that will last under $15000. We now have to have a 6yr note on cars that will last 5yrs.
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helpless-mammal
Aug. 18, 2006, 6:55 p.m.This off another website here on netscape. Ford deserves what it gets.
One of the best selling cars in the 70s is famous for something much worse than a plastic bubble and three wheels. It was involved in a serious safety scandal. Ford's main problem with the Pinto was the fuel tank, which would burst into flames in rear-end collisions. Of course, Ford knew about, so they made a little cost-benefit analysis to decide whether to fix the problem or just to leave it as it was. You can look at the famous and often mentioned in business ethic texts cost-benefit analysis below:
BENEFITS
Savings: 180 burn deaths, 180 serious burn injuries, 2,100 burned vehicles. Unit Cost: $200,000 per death, $67,000 per injury, $700 per vehicle.
Total Benefit: 180 X ($200,000) + 180 X ($67,000) + $2,100 X ($700) = $49.5 million.
COSTS
Sales: 11 million cars, 1.5 million light trucks.
Unit Cost: $11 per car, $11 per truck.
Total Cost: 11,000,000 X ($11) + 1,500,000 X ($11) = $137 million.
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uncleT
Aug. 18, 2006, 7:30 p.m.I think Ford and GM squandered one opportunity after another to stay ahead of the foreign carmakers by making more efficient cars starting with first oil embargo.
Were they blind about the coming oil price surge? When I was an engineer in High Tech both GM and Ford were customers of my company and we got technical bulletins on projects in the works at both companies.
One I remember was a new V8 engine by GM based on the Sterling Hot Air Engine that was invented in the 1830s. The claim was a clean burn 99% pollution free engine with a possible 40% efficiency range. It was titled “Breaking Rubber At Any Speedâ€. A typical internal combustion engine averages 20% efficiency with the other 80% lost as heat and raw gas going out the exhaust pipe. Computer control has help some but not enough.
I remember reading about some of NASA’s early space probes that were powered by the Sterling engine. Its time to dust old ideas and get er done.
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lfergie812
Aug. 18, 2006, 7:47 p.m.As long as the consumer demands large gas hogs, they will be made.
Where Ford and GM fumbled the ball was paying big returns on stocks instead of improving their quality. Lots of the failed products on their cars and trucks were made in foreign countries. Some parts were made by Japanese car companies.
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abraham1861
Aug. 18, 2006, 8:09 p.m.edrobertsll...soon walmart might be selling FORDS !!
I wonder how much of their money is sqaundered on nascar involvment..
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season
Aug. 18, 2006, 10:24 p.m.Hey Doc
Gays and those "lefties" you seem to abhor drive cars. Ford makes cars.
And their money is as green as those who are straight/and/or whose politics swing to the right. Ford needs to be profitable.
And just an FYI, the average gay couple makes more money than the average straight couple. So it is NOT to the benefit of any company to alienate any group of people because of sexual orientation, gender, race, ethnicity, religous views, etc...
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been-there-done-that
Aug. 18, 2006, 11:50 p.m.hey you guys, continue to buy japanese and german cars. That will teach the american car companies. The real problem is that cooporate american is now international and don't give a f--k about american workers, just make a buck fo themselves, the CEOs and members of their board of directors.. Just continue voting Rebulican and soon you will all be working for walmark at $5.75 an hour.
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Confederate
Aug. 18, 2006, 11:55 p.m.Bought a brand new 2000 Nissan Frontier Pickup, made in the USA, in August, 2000, and other than changing the oil, transmission fluid, and replacing one air conditioner hose that was broken, I have not had as many problems as I have had with Chevrolet and Ford products. What does that say to me? I'll buy another Nissan product, made in the USA.
Quality and longevity of product is the problem. Throwing money at senior automobile executives is not the solution.
As usual, the rich executives continue to call the shots, and the regular worker gets it in the neck and loses his/her job, for the decisions made beyond the control of the regular worker.
So Sad....
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steve-a
Aug. 19, 2006, 12:06 a.m.In support of the Ford Motor Company I offer these words: I believe Henry Ford Jr. would like to make the cars more affordable for the working man, however, other environmental hygiene factors are at work. The stock holders don't want slow, steady investments, they demand profits. We would have to stop the greedy mentality of the investors. There's the staff of lawyers that have to be retained to cover the lawsuit from everyone that's trying to get their's now. Don't forget the federal government, those cowards in Washington D.C. that won't how much of the expense they caused with federal regulations imposed manufacturers. Henry Ford didn't have to worry about safety features ordered by regulations. There's the benefit packages that the workers get. There's some concessions that have to be made to get to that cheap car starting with wages, insurance costs, shipping costs, etc. Let's repeal NAFTA until the rest of the world catches up with us. Can't have our lifestyle for free.
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snichun
Aug. 19, 2006, 1:22 a.m.Um, little word to the wise here. Its about attitudes.
You can pick up a 1.6Litre injection Ford Focus in the UK. It will get you well over a 100 MPH all day, and return over 40, yes 40, miles per gallon if not driven suicidally.
You really dont need to drive something that returns single digit miles per gallon and handles like a river barge. Something, in other words, that Ford US are forcing upon you.
You have the influence to change the attitudes at Ford but you will need to get out of that "I park mr car in my underwear" thinking first. This is why you get spanked at Formula one every time. Wise up.
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