Re: Ford kills SVT unit

Zombywoof <Zomby-Woof_dogs_@xxxxxxx> wrote:

On Fri, 10 Mar 2006 16:05:03 -0600, "Lynn McGuire" <nospam@xxxxxxxxxx>
wrote:

GM and Ford are in big trouble, and niche cars like the svt models
are

Do you have proof that Ford is in trouble ? I have proof that it is
not currently in trouble: http://finance.yahoo.com/q/is?s=F&annual

All depends on what you call trouble. While FoMoCo as a global
company is doing fair to partly cloudy, the American Cars Division
definitely has Thunder Clouds on its horizon.

Ford has been profitable for the last 3 years. Not very profitable,
but a little profitable is a whole lot better than losing money.

How about a couple of Billions with a "B" lost domestically. One
cannot make up losses in the Billions by volume.

I fully expect Ford to get even better when the UAW contract gets
renegotiated next year when GM is in bankruptcy. In fact, I would
not be surprised to see the UAW walk off the job for six to twelve
months. I fully expect Ford, GM and Chrysler to convert their
retirement plans into 401Ks and drop retiree health benefits.

While I don't expect it, but I do highly suspect that something is
going to have to be done about UAW contracts. If not more then just
the Domestic part of GM is going to go down the tubes. All US Auto
Manufacturers have been mortgaging their future with the current
rebates & price rollbacks.

....

If the UAW does in fact walk, I hope the hell that the US
Manufacturers simply lock the gates on the unionized plants and never
ever unlock them for the SOB's again. It would serve them right.

What would be even worse then any of the Big 3 converting their
retirement programs to 401K's is abandoning them as un/under-funded
liability. Ford is in much better shape then GM in this area, but if
it happens it might be you & I, Joe Average Taxpayer, that gets stuck
with the un/under-funded retirement liability.

The typical Union guy is afraid of the 401, while most white collar
corps converted to them starting 20 years ago. and they perform FAR
better than the pension funds.

Of course, you have to actually DO something to manage them.

But it's the same guy who howls against any change in the Social
Security.


--
Yeh, I'm a Krusty old Geezer, putting up with my 'smartass' is the price
you pay..DEAL with it!
.

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