https://www.ccn.com/why-bankruptcy-f...motor-company/
Things aren’t always as they seem.
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https://www.ccn.com/why-bankruptcy-f...motor-company/
Things aren’t always as they seem.
Well that's a bit shit :/
I was reading an article the other day about Tesla ironically, but it mentions the huge pension liabilities both ford and gm have.
Those alone mean it’s unlikely either company would be taken over by another company, and also mean its highly unlikely the us govt would let either company fail. As the pension burden would then fall to the govt.
I think it said something like for every current ford employee ford supports another 2.5 ex ford employees on pension.
Gm liability was less but not by much.
Too big to fail.... where have we heard that before.
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It's bs
Well I really don't know whats to become and if true or not.
One thing I did decide sometime ago - Hackett was not the right man imo......especially after someone like Mullaly.
In saying that he's not the entire reason of Fords current financial burdens, the auto market is shifting quick and consolidating like mad.
Its the quick or the dead.
Fords problem is always being Nth America centric, typical yanky company, then compare american companies to Jap/Euro who have sewed their oats globally farfar better.
Then the EV race, I really don't know who will be the winner for the volume market at this stage.
Mullaly wasn't 110% right in everything either but he understood the motor game, this bloke was like a duck our of water and with the other challengers as mentioned I don't know he's cut to handle it.
Trump won't let it happen in an election year. Like Boeing, Ford need Mullaly back.
I'm surprised the Ford family have persisted with Hackett.
Normally they don't take too long in making the change when the overall big picture is looking down.
Quote:
Originally Posted by FTe217
Which is ironic as Henry Ford built the company as a true global operation with Manufacturing and assembly plants in every continent bar Antarctica. But the last 30 years has seen them slide back to north america.
Like it or not full electrification is coming, and Ford are at least in this race, Mach-e F150 EV and program of other vehicles coming. IT's a race, the leaders are Tesla (obviously), VW Group, Ford, Rivian (because of investment from Ford & Amazon) and the Chinese, unsure what brand will lead but there is no market resistance to it there. Others like GM, Chrysler, Some of the smaller Japanese automakers are at risk. But the have time the transition is 20 years, but it's beginning now.Quote:
Originally Posted by FTe217
Hackett is an accountant trying to trim the sails to fit the breeze. Mullaly was all about finding the stronger breeze.Quote:
Originally Posted by FTe217
Guys. this in not CNN (Cable News Network) it is CCN (crypto coin news). It is a scammo pseudo news site that is focussed of destruction of all marketing systems other than crypto currency. You are likely to get more accurate information in TV Week or New Idea...
yes Flappist correct I did see that.
Its black side of reporting but has some interesting points.
I read some of the comments, and for sure Fords Assets are massive, just comes down how much they really are on loan to the banks and their other sideline business's.
I always wonder how are they really are going for when you have a volume product like F150, margins are not that great.
They sure are not selling great in other categories barring Pony consistent but even those are not hige numbers like the past.
Elks,
yep they were once global, Model T's did better than anything else when you think about it.
Margin must have been great without much comp.
30yrs sliding back, one of the big probs.
More so because they neglected China long ago, and what is hurting them the most I'm reading.
I won't go on re EV's for you know how I feel about them, thankfully by the time they do take over I maybe gone ! and MachE won't be their saviour.
They lack distribution and I bet they will want too much for it in Export markets, the writing is in the past.
Hackett, yep hence why I still think he is not the man, bean counters take you back, wayway back.
14.08% market share, 10yrs ago 15.29.
Now for sure you need to be careful in this volatile environment but you only have to look at ate their strong opponents moving goal posts to adjust/ranges/good marketing/trying to keep one step ahead which isn't easy I know.
Ford keep playing catch up and with less to offer.
Great business back in the day/s Thankfully they invested in property and more, assets can only save them imo.