Interesting article from Road & Track; unfortunately, it doesn't tell the whole story.
According to Autobytel, the cheapest Colorado you can buy with the diesel is an extended cab, base trim, 4x2 model; starting price without the diesel is $27,560. But be prepared ... the diesel is a $4965 option. To get that diesel, you ALSO have to buy:
LT convenience package, $690
Chrome luxury package, $1080
Safety package, $395
Heavy-duty trailer package, $250
Leather seat package, $950
Automatic locking differential, $325
for a total of $8,655 in options - you pay a premium of almost $9,000 just to get a diesel! Note that the price doesn't include any other options - no 4WD (which is very popular and adds over $3000), no bigger wheels, no Sirius satellite radio, no trim-level upgrades, no accessories, nothing. The cheapest you're looking at for a Colorado diesel, including destination charge, is $37,110 - which is in the price range of a full-size truck.
Now someone will undoubtedly pipe up and say "well, ALL of the automakers require a ton of options for certain engine choices" ... which is true. Will you get back your $9000 (or even your $4965) in fuel savings? Not likely, unless diesel is significantly cheaper where you live AND you put a ton of miles on the truck each year. Diesels tend to have higher maintenance costs, too.
I like diesels as much as anyone; if someone wants to put out the extra coin to buy a Colorado diesel, then go for it! However, unless you're pulling a trailer constantly or can buy diesel fuel at a significant discount to gasoline, I don't see the value here (but then some people don't take value into consideration).
A friend of mine sells new Buicks & GMCs. I asked him what he thought; he just shook his head and said, "Really nice trucks, but the diesel is too expensive."
GM will sell a bunch of diesels right off the bat just like Ram did EcoDiesels, but sales will go off a cliff once the "gotta-have-it" crowd has been satisfied.
- They may have to retool and reopen one of their old S10 lines to meet their demand. -
The old S-10 assembly lines are long, long gone.
Reuters is not exactly a 'good source' of news. They make a lot of mistakes and stir up a lot of hype.
I'll say it again - If the pension fund was as big an issue as you make it out to be, then the broader financial media would be all over it. And pension funds do NOT have to be 100% funded.
Read the article by Michael Martinez dated September 29, 2016 at 6:06 pm. The ninth paragraph says:
"Ford-UAW Department Vice President Jimmy Settles said in an update to membership on Tuesday that he had given 120-hours notice to Ford and received approval from the international union for a strike by Local 249."
- F could possibly have the pension fund totally funded by late 2014 -
As I stated in another post, a fully-funded pension is unnecessary because having 100% of eligible plan participants ALL drawing a pension AT THE SAME TIME is impossible. It is also unwise because attempting to fully fund it and keep it fully funded 100% of the time takes resources from other parts of the business.
Bottom line: a 100%-funded pension plan is NOT NEEDED.
Get over it.
- This pension thing seemed to be the COG preventing F's liftoff -
You seem to be obsessed with this pension thing ... if the pension plan was an issue like you think it is, the news media would be all over it.
Per the Detroit News, Williams and Jones have already approved a strike at KCAP.
- maybe F should have taken the GOV'T bailout -
Never! Furthermore, there is no evidence that taking a bailout would have prevented today's strike notice. Look at FCA - it was bailed out by the government; the UAW is on the verge of voting down that contract, and a strike authorization has already been passed by the membership.
As for dominating the US auto market, there are too many automakers in the market to do it ... nobody could accomplish a feat like that these days.
And what exactly has this leadership done that is "horrible"? Be specific.
The fact that he can't even spell 'manufacturer' correctly makes his entire claim suspect ...
A statement on pension funding? You really think that Ford issuing a statement on pension funding will fix all of the share price issues?
Ha ha ha ha ha ha ha!
And to expect a pension plan - ANY pension plan - to be 100% funded 100% of the time is a fool's errand because there is NEVER a time when 100% of eligible pension recipients receive money out of the plan.
100% funding of a pension plan sounds great, but it is not necessary or even realistic.
I'd like to see a 6- or 7-speed manual offered, but I guess there's virtually no market for those transmissions in these trucks anymore.
Q, thank you for the clarification on the cab. The media outlets seemed to be confused on whether or not the F-150 cab was being used.
Not sure that Ford will 'benefit' from it to any real extent in the US because Ford doesn't offer a diesel in any of its US passenger cars ...