Nasser was the worst. Fields is doing a great job following with the One Ford Plan that was designed under Mulally's watch. I'm sure Fields had a lot to do with the designing of the plan and he has stuck to it. Ford has become much more nimble worldwide and is able to react to market fluctuations.
Facts can be very confusing to some moe, especially when they are straight forward and not what people want to hear.
Exactly muffin. Ford needs to keep the attitude of who cares about the street and continue to do what is best for Ford's long term viability even if something they do has a negative affect on the short term. Their One Ford Plan is a long term plan and so far they have stuck to it even when Wall Street thought they should change.
Rather than Ford overextending themselves in a downturn, I'm fine with the extra bonus dividend they did in the 1st quarter. It makes a lot of sense and it would be nice to reward shareholders who have stayed with the stock for 5 years or more with a loyalty bonus, if it could be done.
I've had an '86 Town Car with 232,000 miles on it, an '89 Taurus with around 130,000 miles and currently have a 2001 Focus with over 150,000 miles and a 2001 Taurus with over 160,000 miles without any transmission problems. I hope the new ones are as trouble free as the older ones.
There One Ford Plan is definitely paying off and while it is taking time it is a comprehensive plan and well worth waiting for. Once in place and fully operational it should guide Ford effectively through the cycles that the automotive industry goes through. Most business plans that produce quick results are usually not good for the long haul. Ford needs to continue to focus on long term viability rather than the quick short term results Wall Street looks for.
When their streamlining of the European operations is complete as it is in the States, Ford will be able to adjust to the normal cycles much better and they will have less of a negative impact. They are doing great job globally.
It's quite a car Q. I saw it at the NY Auto Show. I wonder if they are offering it under the A/Z plans. Just kidding of course.
It's obvious that many on this board missed the terms of the last agreement, including the calculation that the hourly labor costs will rise less than inflation over the course of the contract or possibly they just don't care.
You're right fly. Remember how they did that with the old Taurus and ruined the car. All Ford cared about was numbers so they ran the lines at 100% and dumped the unsold Tauruses into fleet rental companies and it resulted in the death of a once fantastic car. Hopefully they will never have that mentality again, however, as you said, the right fleet sales are good.
Agreed that all the other manufacturers are building vehicles in Mexico but my guess on why Ford is taking the hit more is because I believe they are the latest to build a new plant there. I read an article where Fields said he sent a letter to Trump explaining that they are putting as much or probably more into American plants than any other manufacturer such as hiring 8,500 new workers and upgrading their American plants to a tune of $9 billion as well as new product that is more profitable than cars.Trump certainly isn't stupid and I'm sure he is aware of what is going on however Ford was an easy target as an example of companies going to Mexico because they were in the headlines for building a new plant. It would be nice if Trump added on to his statements that it is just not Ford and name the others that are building there too.
I am not a financial guru but I have to agree with Buffett. Fields was well trained when he worked under and with Mulally. Since Mulally left Fields has continued moving forward with the One Ford Plan without a hiccup. Mulally used to say one of the biggest responsibilities of a CEO is to have his/her successor take over without any disruption and it seems like Fields has done so. Fields is not only concerned about Ford's short term success but he is looking well into the future to what trends will make Ford profitable 30 years down the road.
The first quarter included a one time special dividend of 25 cents/share. The normal quarterly dividend is 15 cents/share. It seems like rather than committing to a higher dividend that might have to be cut back in the future Ford chose to reward shareholders with a special dividend, which could be repeated in the future if they saw fit.
According to many it was a done deal a while ago and the announcement was imminent but it never happened. Apparently the information of those who "knew" it was happening was wrong or assumed. Ford's response was simply that they talk with many companies about many things. Ford will let the public know, if they indeed have, when they are ready but as we have already seen, assumptions are not a reliable source of information.
I must be missing something. Gm stock was re-issued, post bankruptcy, in November of 2010 at a price of $35 and it closed today at $31.07. For the stock to have doubled it would be trading at $70. Please explain.
I agree greatday. The Lincoln brand is very important to Ford. There is a high profit margin plus possible inroads into the European luxury market as well. Success with Lincoln in China can also be huge. Lincoln was a very successful brand and with Ford's current management there is no reason why they can't be again.
Fields has followed the One Ford Plan he developed with Mulally, which has taken quite a while to reap benefits but will position Ford well as they move forward globally.
Actually the new contract was a very good one for both seniority workers and Ford. Due to changes in work rules the expected annual increase in the U.S. due to labor costs will be less than 1.5% which is less than the expected inflation rate. Those rules will allow Ford to use temporary workers more freely and as just announced they are not restricted from building product anywhere as long as they meet their North American commitments. Building the new plant in Mexico is part of their strategy to maximize profits while at the same time bringing in more product (SUV's) to their North American plants which are much more profitable than cars. These financial facts have been stated in an article by Joann Muller who is a staff person for Forbes back in November.
The new technology is mind boggling. A number of years ago I might have answered your post Q by saying - what are they going to develop next, cars that drive themselves? It's like the rest of our hi tech world in that it is moving forward in leaps and bounds rather than a slow steady pace. I hope they have their new hi tech developments on display at the New York Auto Show.