Re: Stupid Ford Motor Company

On Wed, 27 Dec 2006 11:12:35 -0500, "Mich" <cpukat@xxxxxxx>
wrote:

After years of trying to force their products down the throat of consumers
Ford is acting like some pioneer market leader with statements like "Susan
Cischke, a Ford vice-president overseeing environmental and safety
engineering, told reporters in Tokyo this October that the company sees
ecological technology as crucial."

http://www.cbc.ca/money/story/2006/12/27/fordtoyotameet.html


Okay, so now we are expected to run out and buy Ford's "ecological
technology" ... What's that Susan, you don't actually have any "ecological
technology"? Maybe Susan can point us to the Toyota dealership closest to
us.

==================
Ford management spent their available time/money on buying Volvo
and Aston Martin rather than on a follow-on/up-grade to the
Taurus that was one of the best selling cars of all time.

In the meantime all the remaining FoMoCo assets have been
dissipated.
see
http://www.nytimes.com/2006/11/28/business/28ford.html?ex=1322370000&en=19145f31d8820361&ei=5088&partner=rssnyt&emc=rss
http://www.boston.com/business/articles/2006/12/06/ford_raises_borrowing_capacity_to_215b/
http://www.detnews.com/apps/pbcs.dll/article?AID=/20061207/AUTO01/612070387/1148

It now appears that 100% of stockholder equity is gone.

At the rate ford is burning money, this new cash will be gone in
less than a year, which is far less than the time required to
develop a new car.

This is "The Way Forward!" and another million dollar bonus for
executive leadership.

In any other country they would be taken out and publicly shot
for sabotage.

This does allow time for the banks and other financial
institutions to unload their remaining Ford stocks and bonds on
the widows and orphans...



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