All my comments in this Topic relate to my plant only.
When new people were hired here it was January through March 2012. Jobs were still harder to find, and this one started at $15.hr. After going through a number of people, not as many as the first time people were being hired at the second tier wage, because people had been longer without jobs now, we had a good number of people who were being paid the second tier wage. They were hired as long term temps.
They were put on permanently in the Fall of 2012. Between March and the late Fall some of them quit and new people were hired.
Today I have spoke with some of them who have had to have surgery on their forearms and hands, and one who was going to be having surgery. Last week I spoke with one who was getting a new job outside the plant (already had it lined up) and another who is looking for another job somehwere else. Both of them told me the reason is that this job is not worth it; the tole it is taking on them, the mind numbing work, the work conditions (inside a huge plant, no windows, no sunlight), and the way they are treated.
I also spoke with one of them who is waiting to see what happens at contract talks next year. If the second tier is elliminated and they are phased in up to regular pay, they will stay. If the second tier is not done away with, they are looking for another job.
2 1/2 years ago when the workers were hurting for money because they had either been out of work long, or had jobs that didn't pay much, this job was something that would improve their situation. Today, knowing they can eventually find another job somewhere else, they are looking to leave.
Then Ford will have to hire new people again, start their training from day one, and hope they stay long enough to get efficient on the jobs so that production and quality can be increased again.
This is the EXACT reason that Henry paid artisan wages to his workers when he doubled wages. Looks like Ford of today has to relearn this lesson.
What happened? Why aren't you replying in this Topic you started? Why are you making the same accusations in a NEW Topic instead? Don't like what you find in this one?
As I said, PLEASE copy and paste your assertions here since you have caught me and are nailing me to the wall. CERTAINLY since you are so adamant about it you've got SOMETHING to back it up, right?
C'mon, I am even trying to help you nail me to the wall and expose me for what you want me to be.....
.....You know you've got all the proof........just post it in here so EVERYONE can read it.....
......you can't, huh?
Ok, now what?
The general childish name is on ignore.
Yes, I was pointing out how recalls will be larger in this day and age of common platforms. This one module, used across so many of Chrysler's vehicles, most likely with a supplier defect, could be costing Chysler big time. In my eyes is it not even an example of Chrysler quality, it is rather a role of the dice as to which manufacturer has received bad parts from a supplier. We will know after the investigation if there will be a recall.
Common platforms is the reason behind so many recalls by so many manufacturers today. Toyota also had a new recall for the Tundra and the Corolla may be under investigation for more unintended acceleration issues. The Tundra is not a commonized platform, but the Corolla is, using many of the same parts on other cars.
If I use Ford's recalls for an example then people here will just jump on it being a Ford recall and lose sight of the specific topic being the biggest detriment to common platforms, which are also heralded for being one of the biggest cost savers, at least to build the vehicles, is the size of recalls when one part is defective.
You are correct. There is still some political BS, but a much higher percentage of Ford related topics.
" I for one cannot forget Nasser's mistakes one after another and I can only hope Fields does not follow that guy's example."
No worries there. Fields is no Nasser. I don't think too many people are.
Sorry, but I will have to leave that to those more knowledgeable than I. I picked up that info about the receivables on this board, but that's all I know about it. Someone will be along tomorrow I am sure who can elaborate for you.
I just mentioned yesterday how common platform manufacturing was expected to hurt all automakers doing so in the recall department due to so many vehicles using shared parts....
TORRANCE, Calif., and WASHINGTON, D.C. -
As Toyota informed the agency it’s recalling approximately 690,000 pickups, the National Highway Traffic Safety Administration opened an official investigation of about 4.9 million Chrysler SUVs, trucks and vans stemming from a petition sent by the Center for Auto Safety (CAS).
NHTSA indicated in a notice posted on its website on Monday that the defect investigation stems from alleged failures associated with the Totally Integrated Power Module (TIPM) installed beginning in the 2007 model year. CAS alleges that TIPM failures have resulted in a wide array of incidents, including:
— Engine stall
— Airbag non-deployment
— Random horn, headlight, taillight, door lock, instrument panel and windshield wiper activity
— Failure of fuel pump shutoff resulting in unintended acceleration
The petition includes a list of 70 complaints received by CAS that are allegedly related to Chrysler TIPM failures.
NHTSA officials indicated preliminary analysis of 63 complaints related to TIPM equipped vehicles identified 51 reports alleging incidents of engine stall (17) or no-start (34). They noted three complaints reported incidents of smoke (2) or fire (1).
In a Wards Auto article about the issue they stated vehicles from 2007 to 2014 were affected by the investigation. There is NO recall yet, it is still being investigated.
All the time you've been around and you STILL don't know that I STILL work at Ford after stating so numerous times. Have a problem paying attention or with reading comprehension?
Please copy and paste where I said I know what Ford is worth, you know this so well you created a topic about it. You should have it bookmarked. PLEASE copy and paste it here. You are so committed in your assertion........SURELY you can back it up, right?
P.S. That is Q-U-E-S-T-I-N-A-T-O-R.................so I am going to guess reading comprehension is the problem.
Please inform us what it is about Mark Fields, and his background, that demonstrates this is the obvious outcome so the rest of us can be as enlightened.
We must really "threat" you somehow, LOL!!
How is it that you cannot discern the differences between vastly different personalities, writing styles, vocabulary, background knowledge, expertise, and everything else?????
As I've said many times, I am not by any means among the most knowledgeable here in investing.
Is it "missed guidance" when events in the world change after initial guidance has been given? I do not believe the Ukraine issue was expected to escalate to the level it has, causing the many sanctions that have been imposed on Russia, and the Russia economy tanking.
Bob Shanks is a pretty sharp guy, so if he projects less I would expect that.
This is also amusing....
"Bob Shanks, Ford's chief financial officer, also said the company's 2015 pretax profit is now expected to rise to between $8.5 billion and $9.5 billion, versus analysts' estimates of $10.6 billion."
Bob Shanks is INSIDE the company HANDLING the company's money, yet analysts are going to think they should be able to predict what will happen with Ford, and if Ford doesn't meet their expectations, while they are outside the company, the stock will suffer. That's hysterical.......that a company has to meet the expectations of people outside the company, not that of the guy inside the company who handles the money and business.
Who came up with that idea?
Where is Ford going to get the money to top $30 billion in cash? They have 23 new launches this year. Lots of retooling on top of the advertising push, new plants starting up in China, and more.
Most of that is outstanding car loans on new car financing, to be paid back to Ford with interest. Toyota has $153 billion in debt............how detrimental is this for Toyota?
That debt includes the money outstanding on car loans for new car purchases. It is money Ford will be paid back by customers who financed cars, with interest.
Take a look at Toyota's debt. Theirs is $153 billion.