Ford Motor Company Submits Business Plan to Congress »
Posted By Varadinum 11 months, 3 weeks ago in Business & FinanceFord Motor Company submitted to Congress its comprehensive business plan, which details the companys plan to return to profitability and outlines a request for potential access to a temporary bridge loan in case the current economic crisis worsens or there is a bankruptcy of a major competitor.
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CHAM11 months, 3 weeks ago
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Varadium. I saw an F-150 facility in Mexico City in 2001 while I was there on business ( Nothing to do with Ford . What I didn't see in Mexico City was any F-150's running up and down the streets and highway's.
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I asked the CEO of a company I was visiting what the daily average wage was for workers in Mexico. He told me $4 per day.
I made some snide remark that maybe Ford would sell those trucks cheaper in the US.
This is an excellent post. Remember what industrialists said to Henry Ford when he paid his workers way above average? And his retort " I want my workers to be able to buy what they produce"? Now we know why this country is in trouble. Is greed. And a concentration of wealth in the few.-
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Candida11 months, 3 weeks ago
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A friend has sent me this Modern Parable:
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"A Japanese car company and an American one decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance by the race.
On the big day, the Japanese won by a mile. The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team, made up of senior management. was formed to investigate the failure and recommend appropriate action.
Their conclusion was the that Japanese had 8 people paddling and 1 person steering, while the American team had 7 people steering and 2 people paddling.
Feeling that a more thorough study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion.
They confirmed, of course, that too many people were steering the boat, while not enough people were paddling.
Not sure of how to use that information but wanting to prevent another loss to the Japanese, the canoe team's management structure was totally reorganized to 4 steering supervisors, 2 area steering superintendents and 1 assistant superintendent steering manager.
They also implemented a new performance system that would give the 2 paddlers greater incentive to work harder. It was called the 'Canoe Team Quality First Program,' with meetings, dinners and free pens for the paddlers. There was also a discussion about getting new paddles, canoes and other equipment, extra vacation days for practices and perhaps some bonuses to the paddlers if the team won. The pension program was trimmed to 'equal the competition' and some of the resultant savings were channeled into morale boosting programs and teamwork posters.
The following year the Japanese won by two miles.
Humiliated, the American management laid off one paddler, halted development of a new, more streamlined canoe, sold all the paddles, and canceled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses.
Next year, try as he might, the lone designated paddler was unable to even finish the race (having no paddle), so he was laid off for unacceptable performance, all canoe equipment was sold and the next year's race was out-sourced to India.
Sadly, the End.
Here's something else to think about: The American company has spent the last thirty years moving many of its factories out of the US, claiming they can't make money paying American wages.
The Japanese company has spent the last thirty years building more than a dozen plants inside the US. The last quarter's results: the Japanese company made $4 billion in profits while the American company racked up $9 billion in losses.
Folks at the American company are still scratching their heads (and collecting bonuses)... and now want the Government to 'bail them out'." -
RRconComment removed: Spammer, Hard Banned
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4thchance11 months, 3 weeks ago
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Here's a 64 million $ question....FORD currently makes a new car that gets 65 miles per gallon.
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It's called the NEW Ford Fiesta. Go here to learn about it so you can get ticked off!
http://www.nydailynews.com/money/2008/09/09/2008-0...
The million $ question is this...how come Ford does not sell this car in the USA , they make them but we can't have them...WHY?
Also, why not make this a hybrid and get perhaps 75 or 80 MPG!????
hey you ford geniuses, here's an idea fer ya... sell this car in AMERICA you freakin' IDIOTS, then maybe you won't go bankrupt...what the hell are the heads of Ford thinking over there anyway?-
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Tangent00111 months, 3 weeks ago
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The simple answer is there is a much higher profit margin on the large beefsteak vehicles and American consumers until very recently have bought into the 'bigger is better' advertising. Here's a plan for Ford: promise they will use a large portion of the government bailout money specifically to re-tool one of the F-150 plants to churn out these diesel fiestas.
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It would also be appropriate if the government allowed a tax deduction/credit for low-weight diesel vehicles that would compensate for the increased fuel tax.
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RRconComment removed: Spammer, Hard Banned18 Replies
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CHAM11 months, 3 weeks ago
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I drive a Crown Victoria. Went to them from Thunderbirds. The Ford factories in Mexico did pay their workers much more than $4 per day in 2001. What I meant is that factory workers around there couldn't pay what we do for a Ford F-150. And I didn't see any on the road then.
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What I did see in Mexico is a two level Economy. Those that have ( the well to do - a small minority ) and those who couldn't afford to even eat in the places where I did while I was there ( They are the great majority - there is not much of a middle class ).
That economy is what I see us in the United States trending toward.
The biggest concern of the companies I visited there at the time was their fear of losing what they had to China. Isn't the richest person in the world a Mexican living in Mexico City?-
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CHAM11 months, 3 weeks ago
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I think my traveling days are over. My wife is not able to go anymore and as the saying goes, I won't leave home without her. But it is good to know that some of Mexico is advancing in prosperity. I have a sister-In-Law from Guadalajara, Mexico. And many Nephews and Nieces, etc, who are of Spanish/Mexican heritage.
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She always claimed she was Spanish American. I used to tease her by telling her I thought people born and raised in Mexico were Mexicans - It usually got her dander up. I guess she was of the mindset that Mexicans were Indians and her Ancestry was Spain. She was some kind of beauty. Haven't seen my brother and her in at least five years.
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