Did Delphi do that as part of their bankruptcy reorganization? If so, Delphi had a lot of leverage to get it through.
I think that we'll see some sort of a base wage increase - not sure how much, but I think we'll see some because there hasn't been a base wage increase since 2003. I would imagine that a new contract without a base wage increase will be a very tough sell.
LOL @ louis, I have told you before that I do not work for Ford or a Ford dealer in any way, shape or form. As for "new" IDs, mine has been active since 2002 - far longer than yours - and you say it's a new one?
Timeframe is relative. It all depends on when you bought the stock. If you use a 6-year timeframe - when Ford was below $2/share - you'd be up huge (talk about "missed opportunities"). And some of us bought when Ford was in the single digits.
Comparisons like this are meaningless.
I agree with Marchionne's assertion that the auto industry is still fragmented and will see more consolidation.
I don't see Ford-FIAT merger, though. What would be the benefit to Ford? What markets would such a merger open up that Ford is not already in?
Here's an idea that the writer didn't discuss: FIAT-Hyundai. That would give Hyundai a lot more exposure to Europe, and it would significantly boost FIAT in Asia. The "cultural compatibility" question is still out there, though.
We'll take it. :-)
- What are they doing with all the extra money above $14/barrel? -
In my opinion, they are buying social peace so the authoritarian al-Saud family is not overthrown. The family's rule is not popular in Saudi Arabia.
An article I read recently said that the Saudi cost of production is in the $4-$5 per barrel range (in large part because they pay their workers so little), so they have the ability to sustain low prices. Many of their OPEC allies can't. I think OPEC is setting itself up for an internal war.
Merry Christmas and Happy New Year to everyone here!
I am looking for some stock bargains after the first of the year. :-)
The Saudis, as the largest OPEC producer, are trying to break the back of American shale drillers. The efforts of the Saudi government represent a huge gamble, because the prices which could push American shale drillers to the sidelines are also very damaging to OPEC's members; Russia in particular is getting hammered by the lower oil prices. The Saudis can absorb the lower prices, but the rest of OPEC? Not so much, and who knows that that will do to geopolitical stability in the Middle East.
- I am not saying a Japanese company cannot make a mistake and provide bad products. What I am saying is that American competing companies (which means companies that compete against any Japanese companies) have an additional hurdle to jump -
But Takata DID provide bad products, which negates the entire keiretsu argument.
- They had an additional supplier that is not in the Japanese Keiretsu group who could have supplied what they needed. -
Could have, but didn't. Why didn't they?
If what you say is true, Honda wouldn't have recalled over five million cars for the very same issue because Takata, a Japanese company, wouldn't have dared provide Honda, another Japanese company, with a defective product. But as we all know, Takata DID provide Honda with defective products.
So how do you explain that?
- Cars that are ignored by rental companies, as long as they go and stop, will also give people the wrong impression of a vehicle when it is not properly maintained. -
Exactly. When I was working in the rental business, the only maintenance a car got was enough to keep it on the road. Rental cars live a tough life.