Re: Ford kills SVT unit
- From: Zombywoof <Zomby-Woof_dogs_@xxxxxxx>
- Date: Sun, 12 Mar 2006 13:08:24 -0500
On Sat, 11 Mar 2006 15:41:34 GMT, Backyard Mechanic
<pettyfog@xxxxxxxxxx> wrote:
Zombywoof <Zomby-Woof_dogs_@xxxxxxx> wrote:Without calling names, such as the "Typical Union Guy", most White
On Fri, 10 Mar 2006 16:05:03 -0600, "Lynn McGuire" <nospam@xxxxxxxxxx>...
wrote:
All depends on what you call trouble. While FoMoCo as a globalGM 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
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,How about a couple of Billions with a "B" lost domestically. One
but a little profitable is a whole lot better than losing money.
cannot make up losses in the Billions by volume.
I fully expect Ford to get even better when the UAW contract getsWhile I don't expect it, but I do highly suspect that something is
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.
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.
Collar workers have a little bit more on the ball as far as the
education & knowledge to make the decisions that are involved with
401K type investments.
If left to their own devices most folks are simply one decision away
from eating cat food in their retirement. That is why the politicians
came up with SS in the first place. This includes my ABD ass.
I think that idea of forced contribution is OK at its core, it is what
is then done with the monies collected, or more to the point not done
with them, that at this point in time isn't all that sound.
--
December 9, 2005 (CNN) While interviewing an anonymous
US Special Forces soldier, a Reuters News agent asked
the soldier what he felt when sniping members of Al Quaeda
in Afghanistan.
The soldier shrugged and replied, "Recoil." (Possible Urban Legend)
.
- References:
- Ford kills SVT unit
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- Re: Ford kills SVT unit
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- Re: Ford kills SVT unit
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