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  • djc1djc1 djc1djc1 Jan 12, 2005 11:07 AM Flag

    Visteon - An Anchor on Earnings

    show me what a genius you are.

    what is the agreement, and by how much
    per year has F exceeded it, and then
    tell me what F could do with that excess
    amount if it chose to adjust it's purchases.

    also have there been any changes made
    to union wage/hiring agreements during
    the life of this plan, making V a more
    attractive supplier...

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    • The agreement is based on model years and running changes. Considering that F is not anywhere close to meeting either internal or CMM forecasts, I would think that they have not exceeded the agreement.

      Point is...F can not pick any supplier they want.

      • 2 Replies to whatthe_over
      • Don't bother trying to make your point. There are some smart Ford bulls here and there people like djcdjc.

        Ford is contractually required to purchase certain parts from Ford since all of the Visteon's workers are actually FORD UAW workers leased to Visteon. Ford has to keep these people employed at Visteon or take them back. It is a classic catch-22, either pay for unused labor or pay higher part prices. Also based on model changeovers, F will tied into Visteon until 2008-2009 when the 2005 vehicles are changed.

        Visteon is just ad important as making good cars. Rumor mill in Detroit has an announcement coming up on Visteon. Possibly some plants being sold back to Ford and cash payments. We'll wait and see.

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