Ford Accelerates 'Way Forward" :hsd:

Discussion in 'OT Driven' started by LOtown, Sep 15, 2006.

  1. LOtown

    LOtown Active Member

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    Ford Accelerates 'Way Forward" :hsd: v.IamnotTrishield

    Cliffs: North America “Way Forward” plan accelerated to deliver faster progress through 2008:
    • Operating costs to be reduced by approximately $5 billion, including:
    * Salaried-related work force reduced by a third, the equivalent of about 14,000 positions.
    * Ford, UAW leadership agree on buyout offers for all U.S. Ford and ACH hourly employees.
    * Further manufacturing capacity reductions planned.
    * All ACH operations to be sold or closed by the end of 2008.
    • More products to be delivered faster, including:
    * 70 percent of Ford, Lincoln and Mercury products by volume will be new or significantly upgraded between now and the end of 2008.
    * Ford’s truck leadership is fortified.
    * Growth segments, including crossovers, are prioritized.
    * All-new Ford full-size crossover to go on sale in 2008.
    Ford Motor Company’s financial outlook is revised:
    • Full-year automotive profitability in North America not expected before 2009.
    • South America and Ford of Europe still expected to be solidly profitable in 2006. However, full-year operating losses now expected in 2006 for Asia Pacific and Africa, and the Premier Automotive Group.
    • Ford Motor Company’s 2006 year-end liquidity is expected to include automotive gross cash of about $20 billion, including the effects of $3.4 billion of VEBA.
    • Ford Motor Company’s Board indicates that it will suspend payment of the quarterly dividend on its common and Class B Stock beginning in the fourth quarter of 2006.


    :hsd:
     
    Last edited: Sep 15, 2006
  2. Capt. Hammer

    Capt. Hammer PM me for rates on express consent. OT Supporter

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    Their new president brought Boeing out of the gutter, I have faith that if anyone can do the same for Ford, it's him.
     
  3. Sideways

    Sideways Do I look like I give a damn?

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    What the hell is wrong with them, DROP MERCURY. Don't revamp it, KILL IT.

    That alone would save the company a shit ton of money. Mercury is a parasite.
     
  4. LOtown

    LOtown Active Member

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    Not a great day to be involved with Ford...:hs:

    Although I'm interested to here about the buyout packages the Union guys will be getting...They are supposed to release numbers on that this afternoon...
     
  5. Macgyver

    Macgyver Deep beneath the rolling waves...

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    They need to make Mercury bad-ass like the car from Cobra.
     
  6. Durka Durka

    Durka Durka Guest

    they don't even sell mercury outside the US as far as I know anymore.

    they only sell the grand marquis here in canada.
     
  7. Toadster

    Toadster have you SHARTEEZED today?

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    actually, Mercury is poisonous :mamoru:
     
  8. LOtown

    LOtown Active Member

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    Surprising lack of Ford hate today...I figured all the import sackriders would have a field day with this...:hs:
     
  9. DCyamaha

    DCyamaha O-line found

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    same problems as GM, they repeat the same platform over and over and over...just put a different badge on it...wtf.

    you don't see honda or toyota doing this.
     
  10. More american jobs gone. Atleast canada gets to benefit from this.
     
  11. Mike McDermott

    Mike McDermott It's evolution, baby. OT Supporter

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    :hs: I hope they turn it around.
     
  12. thumpr

    thumpr someone you trust is one of us OT Supporter

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    i think even the ricers would agree that Ford had to make a significant change eventually. this is a move in the right direction for detroit, so i don't see there being too much for the import crew to cheer about. they could say "haha you have to restructure!" but in reality, it'd be like saying "haha, you guys are biting the bullet and becoming more competitive! suck shit!" :hs:
     
  13. Durka Durka

    Durka Durka Guest

    .
     
  14. HailStorm

    HailStorm OT Supporter

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    Not quite true. http://tinyurl.com/h4av9 Search in zip codes in the US, they have dealer stock.
     
  15. Foolish

    Foolish Well-Known Member

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    I'm glad I got a job right before 14,000 other more qualified people are going to flood the market.
     
  16. Durka Durka

    Durka Durka Guest

    not really

    plants here are closing
     
  17. Durka Durka

    Durka Durka Guest

    no, i meant the only model they sell in canada is the grand marquis.
     
  18. HailStorm

    HailStorm OT Supporter

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    Gotcha, sorry, my bad.
     
  19. Mercury and Lincoln need to be destroyed.

    Jaguar needs to be sold off ASAP.
     
  20. LOtown

    LOtown Active Member

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    Do you really think that costs them a lot of money? What it does is give the consumer a choice between 2-3 similar vehicles...They may not like the Chevy model, but the GMC might look just right to them...
     
  21. thumpr

    thumpr someone you trust is one of us OT Supporter

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    i approve this post
     
  22. GrassHopper

    GrassHopper Happiest motherf***er you're EVER gonna meet OT Supporter

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    Some charity BS for knocked-up teen
    Did they say anything about bringing back SVT?
     
  23. :hsugh: SVT is the last thing Ford needs to be wasting money on.
     
  24. Durka Durka

    Durka Durka Guest

    like i couldn't even tell you what mercury sells besides the grand marquis, the last thing they sold here was the 1999 sable and never the mountineer.
     
  25. hondaluva

    hondaluva likes free hugs...

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    okay, you are thinking about selling Aston Martin (which has just became profitable), but you won't give up Mercury (who is not)?

    does this strike anyone else as odd?
     

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