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Detroit, 12:17 PM
Fri Dec 4
28 posts in the last 24 hours

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of Ford Tempo Fanatic Ford Tempo Fanatic
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    Who is to blame. Ford? The American consumer? The economy? No. It is the most feared of all things standing in the way of just and good: Manbearpig.
     Reply
    Ford Tempo Fanatic was starred Ford Tempo Fanatic was unstarred
    Image of Graverobber Graverobber
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    So with 23 billion, at the current loss rate, they've got about 5 more quarters before they start burning the furniture for heat, and eating the short-straw holders. I so want both Ford and GM to survive this, and if FoMoCo can do it without significant financial support from the Feds, then all the better.


    Scary times these.

     Reply
    Graverobber was starred Graverobber was unstarred
    Image of engineerd engineerd
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    Ford, in a roundabout way, is going to get some government assistance. I heard on WDIV this morning they are working on getting Ford Credit converted to an industrial bank so it can tap the bank loans available through TARP, the Fed and other programs. The tradeoff is going to be that Ford Credit will have to follow the same rules as other banks, including reporting rules, accounting rules and capitalization ratios.


    This, though, is much better than just asking for a handout.

     Reply
    engineerd was starred engineerd was unstarred
    Image of acarr260 acarr260
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    From my understanding of orders and projected units (I work for an OEM supplier), 2009 should be horrible and 2010 is when we expect volume to start heading back in a positive direction. I don't think that anyone really expects 2009 to be better than 2008.


    /contemplating getting out of the auto industry completely

     Reply
    acarr260 was starred acarr260 was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    01/29/09

    @acarr260: Ditto, except replace "OEM supplier" with "bank". And "auto industry" with "banking industry"
     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
    Image of acarr260 acarr260
    01/29/09

    @Ash78: I think the best place to be in the US will be infrastructure companies shortly, given where Obama plans on spending our money.
     Reply
    acarr260 was starred acarr260 was unstarred
    Image of elwood elwood
    01/29/09

    @acarr260: Not like infrastructure is a bad place to be spending money.


    And if there's lots of money going to construction projects, that's good for me, as I'm hoping to get a job with John Deere when I finish my Masters.

     Reply
    elwood was starred elwood was unstarred
    Image of RLJ676-LS3 Commuter Car - for the environment RLJ676-LS3 Commuter Car - for the environment
    01/29/09

    @acarr260:


    I'd say volumes will definetely be down, the question is how equipped to handle the reduced volumes. From that perspective, this should be a "better" year.....assuming you (we're) the ones who survive the "equipping for lower volumes".

     Reply
    RLJ676-LS3 Commuter Car - for the environment was starred RLJ676-LS3 Commuter Car - for the environment was unstarred
    Image of acarr260 acarr260
    01/29/09

    @elwood: I would agree that infrastructure is a great place to spend money when you're caught in a downward trend like this.
     Reply
    acarr260 was starred acarr260 was unstarred
    Image of acarr260 acarr260
    01/29/09

    @rlj676-Carbon Footprint Size - Clownshoe: A lot comes into play there: staffing levels (we're laying off and terminating staff like we're having a fire sale on employees), production capacity (noboidy has a lack of that right now), debt load, etc.


    We've grown by about 1000% in the past 10 years and were sold to a private equity firm by our previous (publicly held) owner in order to fund their Chinese adventures, so our debt load is considerable compared to when we were publicly held - that's my largest concern for my company.

     Reply
    acarr260 was starred acarr260 was unstarred
    Image of thunder; now eta-powered thunder; now eta-powered
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    They're losing money, but at least it's their own, and not taxpayer-provided. Yet.
     Reply
    thunder; now eta-powered was starred thunder; now eta-powered was unstarred
    Image of Rust-MyEnemy Rust-MyEnemy
    01/29/09

    In reply to Ford Slammed With 4th Quarter Net Loss Of $5.9 Billion
    When my friends ran low on cash at uni, they went out busking. Come on Ford, get the banjos out.


    If you can play Money by Pink Floyd well enough, with the right chord progression and everything, you should make enough to fund an entire Mustang development program.


    Or about $13.

     Reply
    Rust-MyEnemy was starred Rust-MyEnemy was unstarred
    Image of Mr.choppers - Delenda Carthago Est Mr.choppers - Delenda Carthago Est
    01/29/09

    @Rust-MyEnemy Accepts All Donations: Sadly the "Pink Floyd Special Edition" has already been done, so there can't be a Mustang one; but I'm sure that VW didn't spend much more than $13 on it.
     Reply
    Mr.choppers - Delenda Carthago Est was starred Mr.choppers - Delenda Carthago Est was unstarred
    Image of JC Whitless JC Whitless
    01/28/09

    In reply to Ford Earnings Could Be A Bloodbath


    Yes this bath of blood...one drive?

     Reply
    JC Whitless was starred JC Whitless was unstarred
    Image of Jo Schmo Jo Schmo
    01/28/09

    In reply to Ford Earnings Could Be A Bloodbath
    oh look! Google ads HOORAY!
     Reply
    Jo Schmo was starred Jo Schmo was unstarred
    Image of Feds Feds
    01/28/09

    @Jo Schmo *Now comma free!!:


    Tough times all over. First the Comma Cutback and now the Ad Addition.

     Reply
    Feds was starred Feds was unstarred
    Image of Jo Schmo Jo Schmo
    01/28/09

    @Feds: Heavens to murgatroyd its the jalopalypse!!
     Reply
    Jo Schmo was starred Jo Schmo was unstarred
    Image of Six Flags Over Tomsk Six Flags Over Tomsk
    01/28/09

    @Jo Schmo *Now comma free!!: NOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...!
     Reply
    Six Flags Over Tomsk was starred Six Flags Over Tomsk was unstarred
    Image of acarr260 acarr260
    01/28/09

    In reply to Ford Earnings Could Be A Bloodbath
    Possibly the shortest post ever.


    Did anyone expect good news in the earnings calls for Ford or GM? If so I'd like some of what they're smoking.


    I work for an OEM supplier and we're laying off people like crazy right and getting pay cuts across the board to "right size" the company to match the production numbers. I really like the automotive industry but this downturn is making me debate going into consulting.

     Reply
    acarr260 was starred acarr260 was unstarred
    Image of Timtoolman, sporadically speaking Timtoolman, sporadically speaking
    01/28/09

    @acarr260: "Possibly the shortest post ever." Without the picture on the left you almost miss it entirely. Maybe they should come up with a new term. "Earnings" doesn't quite describe what we are seeing these days.
     Reply
    Timtoolman, sporadically speaking was starred Timtoolman, sporadically speaking was unstarred
    Image of acarr260 acarr260
    01/28/09

    @Timtoolman now with power tools!: Losings?


    "We're having this conference call this morning to discuss exactly how much we didn't make this quarter"

     Reply
    acarr260 was starred acarr260 was unstarred
    Image of engineerd engineerd
    01/28/09

    In reply to Ford Earnings Could Be A Bloodbath
    In other news Ford is announcing this morning they have sold Volvo to the Icelandic government for a crate of fish two goats ten "massage therapists" and 100 puffin.
     Reply
    engineerd was starred engineerd was unstarred
    Image of mikedrawcar mikedrawcar
    01/28/09

    @engineerd: Sources say they were all "delicious".
     Reply
    mikedrawcar was starred mikedrawcar was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    01/28/09

    In reply to Ford Earnings Could Be A Bloodbath
    Just gotta Carrie on. We're not gonna laugh at you. We're not gonna laugh at you.
     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
    Image of Deartháir II Deartháir II
    11/07/08

    In reply to Ford Announces $129M In Third Quarter Losses, Forecasts Job Cuts
    You know, I've had people bring me in financial statements that looked something like these, (although with 000's, not 000,000's) and after seeing a trend for a couple years, I remember saying to one of them, "You know, you're a very nice person, and I think very highly of you, but... I think it's time you accept... you're just not very good at this."


    In that vein,


    "Ford... You're a very nice company...

     Reply
    Deartháir II was starred Deartháir II was unstarred
    Image of Deartháir II Deartháir II
    11/07/08

    @Deartháir: Having now seen GM's balance sheets, I take it back. "Ford, you're not very good at this, but at least you're better than they are."
     Reply
    Deartháir II was starred Deartháir II was unstarred
    Image of Stoatmaster Stoatmaster
    11/07/08

    In reply to Ford Announces $129M In Third Quarter Losses, Forecasts Job Cuts
    hamster madness - try again:


    Ford US revenues down 40%, Ford Europe up 12%. Broadly level playing field.


    One inference might be that Ford Euro management know their world better than Ford US.


    Maybe they should offer to help?

     Reply
    Stoatmaster was starred Stoatmaster was unstarred
    Image of RLJ676-LS3 Commuter Car - for the environment RLJ676-LS3 Commuter Car - for the environment
    11/07/08

    @Stoatmaster:


    Or, that there was no huge segment shit in Europe, as they always had high gas prices due to taxes??????


    Seriously, what the hell is with this country that we have no pride and assume we all suck at everything, and we must kiss the ass of the Euro genius?

     Reply
    RLJ676-LS3 Commuter Car - for the environment was starred RLJ676-LS3 Commuter Car - for the environment was unstarred
    Image of RLJ676-LS3 Commuter Car - for the environment RLJ676-LS3 Commuter Car - for the environment
    11/07/08

    @rlj676-new job, same problems:


    shit=shift. We still don't have the technology for an edit here?

     Reply
    RLJ676-LS3 Commuter Car - for the environment was starred RLJ676-LS3 Commuter Car - for the environment was unstarred
    Image of sos10 sos10
    11/07/08

    @Stoatmaster: It is not just because of the products, but because the euro economy is not as bad as the US.
     Reply
    sos10 was starred sos10 was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    11/07/08

    @rlj676-new job, same problems: Seriously, what the hell is with this country that we have no pride and assume we all suck at everything, and we must kiss the ass of the Euro genius?


    We've got the talent in every arena, but I'm just worried we don't have the time to get it all done properly. I'd like nothing more than to see US-designed-and-built cars lead the world, but I just don't see that happening in the short term.


    In that same vein, I'm curious to see how GM's world-cherry-picking plan works out. So far, the Malibu looks like a promising sales star, but everything else is sort of flat (Astra, Aura, G8, etc).

     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
    Image of Gearhead_42 - Nibbles ate my garage! Gearhead_42 - Nibbles ate my garage!
    11/07/08

    @rlj676-new job, same problems: Idleness and pride tax with a heavier hand than kings and governments.


    -Ben F.

     Reply
    Gearhead_42 - Nibbles ate my garage! was starred Gearhead_42 - Nibbles ate my garage! was unstarred
    Image of RLJ676-LS3 Commuter Car - for the environment RLJ676-LS3 Commuter Car - for the environment
    11/07/08

    @Ash78:


    It basically shows that all the forum "chatter" on how "bring this car here, and that car here, it's so easy and obvious" doesn't AT ALL meet US consumer needs. The Astra is a great example. It is popular and Europe, and a great car, it really drives like a mini BMW (I AM qualified to make this statement, as I owned an e90 for about 6 months, and drove the Astra for 2 weeks in Germany last month). However, we sell it for very cheap here, and nobody seems to care or buy it. Now marketing it has seemed week, but Americans just don't have the same taste on the big scale.


    The Malibu is designed here, only the platform is global. The US can design cars that are class-leaders, we just can't charge the price necessary for them.

     Reply
    RLJ676-LS3 Commuter Car - for the environment was starred RLJ676-LS3 Commuter Car - for the environment was unstarred
    Image of SeanKHotay SeanKHotay
    11/07/08

    Oooo! Good, gearhead-appropriate quote Gearhead_42!


    @rlj676-new job, same problems: No need for an edit button, you are correct both times.


    "shit" is synonomous with "shift" in the context of the current market's bowel movements.

     Reply
    SeanKHotay was starred SeanKHotay was unstarred
    Image of layabout layabout
    11/07/08

    @rlj676-new job, same problems: Haha an Astra a good car hahahahaha drives like a BMW hahahahahahahaha,seriously you should be a comedian. The Astra gets its arse kicked in every department by the Focus.
     Reply
    layabout was starred layabout was unstarred
    Image of layabout layabout
    11/07/08

    @layabout: Not to mention the Megane,Peugeot 207,Civic,Auris & most other cars in its category.
     Reply
    layabout was starred layabout was unstarred
    Image of layabout layabout
    11/07/08

    @rlj676-new job, same problems: European car companies aren't in the same shit,that's why.
     Reply
    layabout was starred layabout was unstarred
    Image of The Black Bottle The Black Bottle
    11/07/08

    @layabout: Ease off Layabout, these guys are hurting. This is just like the UK in the '70s and'80s when our motor industry was closed or sold off, when towns slumped and some poor folks' pride disappeared with their redundancy money (is that what you call 'separation pay' in the US?).
     Reply
    The Black Bottle was starred The Black Bottle was unstarred
    Image of layabout layabout
    11/07/08

    @TommiTee: I wouldn't wish that on anyone,the British car idustry is dead except for the smaller car makers,it's not too late (well i hope not) for the big American two to learn from VW. Even in the current climate VW are going from strength to strength.
     Reply
    layabout was starred layabout was unstarred
    Image of Mr.choppers - Delenda Carthago Est Mr.choppers - Delenda Carthago Est
    11/07/08

    @Ash78: I think that no matter how good those products are, no one expects it from GM. It took Honda/Toyota a long time to build their brands, and it will take GM quite a while to rebuild theirs. Good product is a start, but they are missing the essential stick-to-itiveness. The next round of new cars won't build upon the decent Astra/Aura/G8.
     Reply
    Mr.choppers - Delenda Carthago Est was starred Mr.choppers - Delenda Carthago Est was unstarred
    Image of The Black Bottle The Black Bottle
    11/07/08

    In reply to Ford Announces $129M In Third Quarter Losses, Forecasts Job Cuts
    Whilst these figures are bad the strategies Ford have in place for global alignment of their product range wuill ensure their future and put them on a par(product wise) with McDonald's. Same range worldwide with only minor regional variations - McFord's!!
     Reply
    The Black Bottle was starred The Black Bottle was unstarred
    Image of layabout layabout
    11/07/08

    @TommiTee: I'll have to remember to take the gherkin out.
     Reply
    layabout was starred layabout was unstarred
    Image of Stoatmaster Stoatmaster
    11/07/08

    @TommiTee: You say that like it's a bad thing.


    Most manufacturers don't run completely separate models under the same badge for different markets.


    A VW Golf is the same in most European and North American markets, nor is there a special big Golf for America. Yet, they sell well everywhere.


    Perhaps Ford US should build up to a standard, not down to a preceived lowest common denominator.

     Reply
    Stoatmaster was starred Stoatmaster was unstarred
    Image of Stoatmaster Stoatmaster
    11/07/08

    @Stoatmaster: preceived = perceived.


    And I plucked the Golf from the air; plenty of other examples.

     Reply
    Stoatmaster was starred Stoatmaster was unstarred
    Image of DonSchenck DonSchenck
    11/07/08

    In reply to Ford Announces $129M In Third Quarter Losses, Forecasts Job Cuts
    I'm SOOOOO glad I bought that Ford stock a month ago.


    (pointing to self): Who's the doofus?

     Reply
    DonSchenck was starred DonSchenck was unstarred
    Image of Triborough Triborough
    11/07/08

    @DonSchenck: If it goes any lower I might buy some more. Think of it long term - Ford is leaner than GM and is more likely to weather the storm than the bloated GM. Buy stuff low now that you think will go up in the future - and by future we don't mean next year we mean ten or twenty.
     Reply
    Triborough was starred Triborough was unstarred
    Image of Mr.choppers - Delenda Carthago Est Mr.choppers - Delenda Carthago Est
    11/07/08

    @Triborough: Yeah, I am thinking about buying some Ford stock right before their final quarter announcement. And, yes, I'd only be using money I won't need for the next ten years or so.
     Reply
    Mr.choppers - Delenda Carthago Est was starred Mr.choppers - Delenda Carthago Est was unstarred
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