ford makes billions...........

Discussion in 'Economy' started by manu1959, Nov 2, 2009.

  1. manu1959
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    manu1959 Left Coast Isolationist

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    with no direct bailout......

    gm ...not so good...

    so the reaction ... the uaw rejects its new contract with ford and threatens strike .....

    if i was ford .... i would just leave and focus on foreign markets .....
     
  2. hjmick
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    hjmick Gold Member

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    Sounds like the UAW wants to force Ford into the Government Motors program...
     
  3. manu1959
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    manu1959 Left Coast Isolationist

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    ford should go non-union....or leave.....
     
  4. hjmick
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    hjmick Gold Member

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    They are now the only American car manufacturer from whom I would currently consider buying a car. That's saying something.
     
  5. Midnight Marauder
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    Midnight Marauder BANNED

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    They did not make "billions."

    They posted a third quarter profit in the 900 million range.

    This after being pronounced dead by some alarmist pundits, because they had been posting losses in the range of 100-200 million while GM and Chrysler were still posting billions in the red. And still are.

    Starting back in 2004, Ford was ahead of the curve and started making hard choices. Thru this they were able to not need any taxpayer bailout funds, and are now looking pretty damn strong for the future.
     
  6. Zander
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    Zander Platinum Member

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    Ford is making a great comeback. They had some hard times, they made changes and adjustments, and the market rewarded them. Proof positive that combining enlightened self interest and capitalism is a fantastic combo. Bravo to FORD!

    GM and Chrysler, by contrast, are worthless "*zombie" companies that are now on government welfare. They no longer need to worry about improving their product line, making innovations, or increasing efficiency. They merely need to continue to pay their Union employees that are voting (D), and tow the line by offering cars that are Politically Correct, but unsellable. The US Taxpayer will foot the bill for the rest for as long as it takes. This is "Change you can believe in". You might as well just SHRED the constitution....

    *Zombie: a dead body that has been brought back to life by a supernatural force
     
  7. Zander
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    Zander Platinum Member

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    Looks like it was a Billion!! From Morningstar:

     
  8. Si modo
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    Si modo Diamond Member

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    Yet we all paid for failed businesses and they still failed.

    What a freaking joke. Those who supported it will never admit they were duped, though.
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    Ford cut 987 million dollars in expense. Those were jobs. They are not turning a profit.
     
  10. jungulator
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    jungulator Rookie

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    Those were people who made too damn much money for what they were doing in the first place. Eliminate the emotional aspect from it. They are now turning a profit from eliminating the useless jobs. The unions fleeced GM and Chrysler, now they are looking to do the same to Ford. Hopefully Ford will pull an AK Steel move and lock them out before they can strike.
     
    Last edited: Nov 2, 2009

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