Why is that because it flew right over your head ? Listen there 4 or 5 UAW shills here . Everybody else gets that labor costs have held Ford to below 16 . That companies make money for the people who run them not the employees . And if your lucky the stock holder who is suppose to be the owner. YOU UAW slugs own very little of these companies . Why did nt F, C, GM workers get together and buy GM that idea was floated about for laughs. Why did it not happen because they knew to make the company profitable wages needed to be in the 15 buck range. Instead you raped the US taxpayer and many others. And yes Ford took much in low or no interest loans from the taxpayer. AND EVERYBODY agrees the UAW destroyed the US auto industry. Even researching for the argument against this is difficult. A few UAW /labor paid published papers can be found , a left wing prof here and there but about 99 to 1 . THE END IS NEAR you know it as well as I do , for the US auto industry here. This will be the final cave in , and they will out source everything or go belly up. BEFORE you start with the YES I agree top to bottom at Ford is over paid.
AS usual right over your UAW head ! It is called sarcasm in response to UAW nitwit Questioner talking about how 93 % of costs are not labor related . And flexibility is the big issue . This latest move shows or I hope that Ford knows to survive it must bring almost all manufacturing out of the US . While that is a shame , I know this next cave in on the contract will prove me right.
As are UAW friends told us flying, lovelincolns,thunder IT IS NOT ABOUT labor costs .
MEXICO plants know about flexibility !
Ford Motor Co. said Friday it will spend $2.5 billion to expand its manufacturing presence in Mexico, the latest
in a wave of auto investments flowing to the U.S.'s neighbor to the south.
The Dearborn, Mich. auto maker plans to invest $1.3 billion to add engines and expand its plant in Chihuahua and another $1.2 billion on a transmission plant in Guanajuato. The move is expected to add 3,800 jobs to Ford's global payroll.
Ford already has a number of factories in Mexico, including plants building the Ford Fiesta subcompact and Ford Fusion and Lincoln MKZ sedans.
Over the last few years, Mexico has emerged as a major manufacturing hub. With more than 40 different free trade agreements, the country is drawing billions of dollars of investments from car makers like Nissan Motor Co., General Motors Co. and Volkswagen AG--often at the expense of creating jobs in the U.S. and Canada. Mexico's low wages and improved logistics have also made the country more competitive on the global stage, transforming it fourth-largest export of cars and trucks, behind Germany, Japan and South Korea.
Toyota earlier this week announced it would spend around a $1 billion to build a factory in Mexico, its first
major production expansion in three years. That factory will build about 200,000 Corolla compact cars a year.
questinator • 23 hours ago Flag
The reason I posted this is to show where real cost savings comes from, part of the other 93% of the costs of building a car. Platform flexibility
Yes , that is why everything is off shored to Mexico, China, Vietnam YES these other countries are so much better at platform flexibility .
As consumers, we're becoming smarter -- the food that we eat, the cars that we drive, the materials that are in our products. And we're starting to think, how does made in America fit in that,
Yes ,indeed , nobody cares that you drive a Honda, Toyota, Kia, BMW, anymore.
And that is sad because if the UAW woke up we would not be headed for another bankruptcy.
And hundreds of thousands of USA workers could earn a nice wage 15.00 and hour with a 401 two weeks vacation . And the automotive industry would thrive.
and April sales. Ford themselves stated in 3 separate corporate interviews 2015 would not be the year.
Again as I have said last 3 years headwinds
MKT Ford failed to gain ground in the big bull mkt
New cars sales will eventually peak
7 of the top 7 selling cars are foreign
New truck must be a Grand Slam we need more data , out early so far GM winning sales
Ford has the highest labor costs in mkt this cannot be sustained.
THE BIG NIGHTMARE THE UP COMING UAW CONTRACT
Ford will cave and the profit will vanish quickly .
Europe will it ever make a profit ?
My question as it has been the last 3 years , did we see the last run up in the stock ?
Can Ford pull one more run to 20 before the collapse ?
Again always clarity , sales in April, earnings .
Do we believe Ford on 2016
is done after the next run up. According to them we just need to raise wages for the UAW and Ford will be fine.
Total delusion. They learned nothing from the GM bankrupcy.
Why does `nt the UAW buy GM that is the funny part . They could then pay themselfs 100 and hour .
I say let the UAW buy GM or all the members live basically for a year and mount a drive to buy Ford. Each member puts 75 % of their wages toward Ford stock. Once they gain control [I know this is tuff cause of F family] they raise their wages .
destroyed the US auto industry. And this will be the final run after this contract. If they win.
As usual outragous UAW math. I guess that is why the steel industry and every other American manufaturing off shores. As will the US auto to survive. Due to better flexible manufacturing in other Countries.
When all is said and done labor costs is what determines profit in the auto industry.
ERGO the Big 3 want the 3 Tier.
They always knew this but before the 7 of the top 7 selling cars became foriegn they could cave to the UAW
When people like myself , brother , friends were raised to buy American they could get away with it
Now ask someone under 40 if they care about a Toyota, Honda, Kia in someones driveway they will look at you with a blank stare.
Believe me if the UAW wins this round it is over for the Big 3
Of course cost savings come from flexible manufacturing . AS they do from heating and cooling costs , buying raw materials at the right time and so much more. But the main COST TO ALL maufacturing is labor .
EVERBODY UNDERSTANDS that , and that is why the BIG 3 is asking for cost reductions . And why they off shore. Same reason why the steel industry left America.
FORD ALWAYS sells enough cars they just do not always make a profit.
FORD gets that and wants a THIRD TIER of wages THESE numbers are just approximate but imagine if FORD got its labor costs under control
47k UAW workers paid a reasonable wage 17 and hour
Bonus capped at 3 k a worker
Of course reasonable health care package
And now you do not have to pay outragous $ to the white collar
DO THE MATH and look at the profit FORD would be producing
What else , selling more cars as they would employee more American workers instead of off shoring
What else sell more cars as more American workers would build service the plants
More fire fighters,police hired in the American cities where the plants are
And on and on
Your responses are pointless. Your insinuations that I am the Big K are spurious. I do not write as elegantly as him ,nor do I have the patience to research and re post the nonsense that you ,Mo , Questionnaire , Flying post. When I post I back my opinions with sources such as Wall Street Journal, Barons, University of Michigan, Harvard, Yale , Time, Newsweek magazine and other well known respected sources.
UAW contract causing great concern. FORD already has the highest labor cost in the industry. 22 is very optimistic . Record sales cannot continue forever. If truck can produce record profit, UAW can be made to take a third tier or pay cut we could see 20. But a lot has to go right. Even Ford said 2016 for results.
It is good news. But again as explained to you hundreds of times. Ford always sells a lot of cars. It is about profit not sales. And right now Ford failed to gain during the largest bull mkt. Now we face a certain disastor in the upcoming UAW contract. This fact is being mentioned everyday somewhere. As always in the auto industry , sales will slow , and the cash will be drained. FORD needs to cut labor costs . We shall see if there is one last run in this stock.
Recently these interviews /statements give us hope that FORD did learn something from the past.
Ford to succeed must reduce labor costs. Ford seems to finally get it. As I have posed for years Ford always sold enough cars even int he worst years. But they failed to make profit on the vehicles they sold.
This can never happen again. FORD cannot be a one trick pony depending on only the truck .
The recent sales numbers for March show Toyota and the foriegn car makers gaining. Already 7 of the top 7 selling cars are not AMERICAN. The torid pace of car sales will slow. Ford needs to be ready . They need cash on hand. The abilty to downsize quickly.
Off the subject of labor which is the big issue now. The new Lincoln is awesome.
bstaurrey you are being silly. Mo, Questionater, Flying have made numorus arguments , well lets just say they have made countless statements that labor costs are not the reason for the demise of the Little 3 . Also that labor cost do not matter.
Ford did well with the truck line. But again in the long run you have to be a complete company . With the new UAW contract squeezing profits , the sooner or later drop in auto sales due to saturation point . I still have to wonder when Fords last run up will happen ? And how high we go before the fall. Hopefully we rebound here , will sell covered calls again. Not sure I want to hold another year and a half for maybe 18 ?
Do not see a strike ,just see a cave in by Ford. As for the MO nonsense , see quote "American Auto
to consistently increase
profits in the aftermath
of the coming collective
bargaining agreement, "
FORD is hardly in the mode of increasing profit this year. And by time new contract takes effect they will struggle to even maintain profit level. Ergo one of the reasons they trade below 17.
No idea what your talking about .