Some analysts are saying that Ford Motor Company is about to go out of business. I can't see that happen, but what if it does? What Malcolm Wilson is going to do then?
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Some analysts are saying that Ford Motor Company is about to go out of business. I can't see that happen, but what if it does? What Malcolm Wilson is going to do then?
ford announced today that they will compete in 2009.
Even if Ford goes out of business?Quote:
Originally Posted by Tomi
They propably got the funds needed already, why would the else announce.
I simply cannot imagine that the US government will let that happen.Quote:
Originally Posted by jparker
Same here, but I also find it hard to belive us government can borrow so much money that they can save everything they have promised.Quote:
Originally Posted by BDunnell
I'm not sure I agree. While the banks got bailed out ASAP the big 3 have been in talks for a couple of weeks now and are getting roasted for using private jets and so on when the real cause of the problems for the big 3 is the unions and the fact that the big 3 pay something like US$70 per hour for labour when others like Honda and Toyota pay something closer to half that.Quote:
Originally Posted by BDunnell
http://www.dailytech.com/GM+CEO+Rick...ticle13591.htm
Take your point, but there is something rather more symbolically important about rescuing people's savings which makes it more likely that banks will be bailed out pretty quickly by politicians in the current circumstances.Quote:
Originally Posted by Daniel
Offcourse there is a possibility Ford is broke for the end of 2009. In this time of financial crisis -or what's name it is given in your country or media- everything is possible.Quote:
Originally Posted by Tomi
The chiefs give a green light to Deans. So I think they see a possibility for marketing in Europe. Marketing is just a tool to survive. We will see what happened, but if Ford is in bad financial conditions they want to sell Volvo, and maybe(!) they do same with parts of Ford. Ford Europe, who is in charge of the WRC team, is doing well.
To answer the thread question: I think Ford Europe can go further at the end of 2009. The new owner can decide what to do in 2010.
Another discussion: From what pays USA gov. these companies? That country has a record of debt!
Maybe it is better that country start over again! ;) Go further with a new name and policy!
Ford statement for Congress:
http://media.ford.com/article_displa...ticle_id=29505
Even if Ford of Europe are succesful, they are I presume a wholly owned susidiary of the Ford Motor Company. Ford's real problems aren't to do with the current economic climate, they have been making a multi-billion dollar loss for years now, don't see how the US goverment could justify sinking more money into a failing company.
Seems like Honda are about to pull the plug on F1 too.
Allthough this is not the F1 forum this news is bad for motorsport in general,Quote:
Originally Posted by RS
http://news.sky.com/skynews/Home/Bus...Of_Formula_One
An announcement at 05:00 GMT friday doesn't make me think its to do with the launch of the 09 model. Williams also in financial difficulties and Toyota cutting back too.
Quote:
Originally Posted by MJW
Does that mean they only spend 100 000 000 euros next year ???
I wonder will Toyota be the next? Must be 100s of millions of dollars spent and SFA to show for it. 10% of what they've spent would've got them a winning WRC team.
The guy (his name escapes me ) that started the F1 project with BAR and sold out to Honda must be a happy man. Wonder will Brawn go back to the Scuderia?
Toyota has $54 billion in cash reserves. They have been the most succesful car company for years and actually placed their money aside for a rainy day. Effectively, Toyota could afford to purchase their rivals outright but are limited from doing so.Quote:
Originally Posted by noel157
The F1 program is actually paid for by the interest off the cash reserves, it is why they could afford to spend so much while achieving so little when other companies would have cut and run.
Back to the topic,
It is interesting to see if Ford sells off various divisions to remain viable. Mazda is reportedly on the market so to speak.
Thanks for that, interesting and all the more reason to start again in the WRC.Quote:
Originally Posted by Livewireshock
Quote:
Originally Posted by Livewireshock
Volvo is also on sales :mark:
Come to think of it, I wish Ford would quit.
I don't like their car, I don't like their tactics and it seems to be largely them who are holding up progress on the future regulations.
Ford already sold major part of their stake in Mazda, from Wiki:Quote:
Originally Posted by Livewireshock
In November 2008 it reduced its 33.4% Controlling interest in Mazda of Japan, to a 13.4% non-controlling interest.
Jaguar and Land Rover were sold to Tata in March and now Volvo is up for sale though it's unclear who'd buy it in current market situation and in the shape that Volvo is in (they make loss while Ford Europe is profitable overall).
Out of the three US manufacturers asking for government money, Ford is in best shape. It's highly unlikely that GM will survive this, at least in any recognizable form but Ford and maybe Chrysler can pull it through.
From what i've heard Chrysler is the one most in trouble.Quote:
Originally Posted by jonkka
:rolleyes:Quote:
Originally Posted by RS
Do you really have interest on WRC or are you jocking?
The rally activities is mainly supported by Ford Europe, wich is not near a bankrupt as the US Ford Motor Company.
Otherwise, the money spent on WRC program is peanuts compared with the losses of the company.
:rotflmao:Quote:
Originally Posted by JAM
You really don't know do you. Most of M-Sport's money comes from Yabba Dabba Dabhi, the middle east and BP
And Subaru still wouldn't be able to win a rally! :) :) :)Quote:
Originally Posted by RS
Also to make matters worse, Rautencrash would probably be a regular top 5 finisher. :rolleyes:
I think that even you agree that a part of the budget is assured by Ford. Without Ford contribution there was no WRC program at this level. This contribution is peanuts on the overall losses.Quote:
Originally Posted by Daniel
So, i don't understand where is your point.
As long as they keep their part of the 3 year warranty on my Fietsa!
Haha you got ripped. They sold you a cheap Chinese knockoff! :pQuote:
Originally Posted by Mark
Don't panic about Ford, but it is serious now:
http://money.cnn.com/2008/12/11/news...ion=2008121206
Like I said before M-Sport get most of their funding elsewhere so what happens to Ford is largely irrelevant at least in the short term.Quote:
Originally Posted by Roy
How do you know how much each sponsor pays?Quote:
Originally Posted by Daniel
It's looking really really bad for GM and Chrysler, but I somehow think that Ford will be the one surviving leaving them with a big market in the US.Quote:
Originally Posted by Roy
Not really. George has decided to take money from the US$700bn that was going to go to the banks and give some to the big 3. Quite rightly so I feel.Quote:
Originally Posted by MikeD
I can't find a link confirming that. Do you have a link? Only news I have read is that there might be an extra second vote in the senate before the end of the year.Quote:
Originally Posted by Daniel
Quote:
Originally Posted by Daniel
This story:Quote:
Originally Posted by MikeD
http://money.cnn.com/2008/12/12/news...ture/index.htm
Thanks Roy :)
Just looking at the GM stock, then it dropped 36% when the NYSE openend. now the drop is reduced to app. 14%, so the news of funding might be comming their way has an immidiate effect...
Do you?Quote:
Originally Posted by Daniel
It amazes me how these companies get away with making multi-billion losses for so long in the first place.
In the UK there is a national newspaper (Independent) on the brink of bankrupcy. I read an article the other day saying their debt is over £1billion. Can't see them ever being able to pay that back.
I suppose you could say it was the banks error to lend this money in the first place, and they got bailed out, so....
I hope that all three giants would drop dead in U.S. That would be a great lesson to unions refusing to co-operate.
And if Ford goes bankcrupt, there's no Ford in WRC either. No doubt about that.
And it would make the americans to develope cars that are from this century, I think their biggest problem is that they make cars nobody wants, but I belive they will nationalise the car industry too.Quote:
Originally Posted by Woodeye
You know, the average wage for UAW workers has been flat for maybe 25 years, so much have they given back, and renegotiated.Quote:
Originally Posted by Woodeye
Meanwhile the pay to executives---you know the ones that make the decisions on what product to build and sell---has grown for about 40 times the average UAW workers wage to about 450 times the average wage.
But yep it must be all those greedy workers making 45-50,000 a year that is the root of all their problems, no way is it the executives making 22-30,000,000 a year----regardless of if the company makes a penny or not.
Satanas poiki, I though your name is Wood eye, not wood head!!! perrrrkele!
Hey cross poiki, what do you think will happen, will the taxpayer reach their helping hand to the shareholder.Quote:
Originally Posted by janvanvurpa
The Big 3 makes cars that Americans want.Quote:
Originally Posted by Tomi
Why do you think Renault, FIAT, Peugeot, Skoda ect don't sell in the US?
Fact is today nobody's Cars are selling.
The problem for the big 3 are the Unions.
2 years ago GM and Toyota sold about the same amount of cars. Toyota made money GM lost money because of labor costs.
Anyway.
Ford is in better shape than the other 2. in fact they are turning down the Federal loans.
http://www.detnews.com/apps/pbcs.dll...TO01/812100431