Further to Fords fight back plan due Friday - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
¬Ľ Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 01-08-2002, 17:39   #1 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
Further to Fords fight back plan due Friday

Ford COO Nick Scheele is preparing for Ford's restructuring plan due
Friday - and he's also prepping for some negativity from the analyst
crowd. Scheele tells USA Today that "Wall Street would love to have
specifics and crank them into their
computers," but that several things are not under active consideration for
cost cutting. Those include selling off Hertz, Ford's rental car
subsidiary; more cuts to permanent workers (instead the company will cut
temps and contract workers); and perhaps most important, the Mercury brand
and the Blue Oval Certified program, which gives dealers incentives to
improve their showrooms and service. Separately, the Wall Street Journal
says that Scheele and Ford won't try to close any assembly plants before
the expiration of the current UAW contract.
HSE2 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 01-11-2002, 08:44   #2 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
This is what Ford is going to do.....

DETROIT (Reuters) - Ford Motor Co. (F.N) said on Friday it would cut 35,000 jobs worldwide -- 22,000 of them in North America -- and close three assembly plants in North America.

Ford Chief Operating Officer Nick Scheele said the world's second-largest automaker would close assembly plants in Edison, New Jersey; Hazelwood, Missouri; and Oakville, Ontario. The Canadian and New Jersey plants build pickups, while the Missouri plant builds the Ford Explorer sport utility vehicle.

Scheele also said Ford would close two parts plants in Cleveland, Ohio, and Dearborn, Michigan. In addition, 11 plants will undergo major restructuring, including shift cuts, with production cuts at nine additional plants.

The cuts come as part of an overhaul of the company aimed at improving profits by $9 billion by the middle of the decade. Ford said it would take an after-tax charge of about $4.1 billion in the fourth quarter of 2001 in the restructuring drive.

It said it would cut North American production capacity by 16 percent, to 4.8 million vehicles from 5.7 million vehicles, and cut four vehicles -- the Ford Escort, the Mercury Cougar, the Mercury Villager and the Lincoln Continental -- from its lineup.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Old 01-11-2002, 10:30   #3 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
frown

Wow that is pretty big news. What do you guys think of that news. 35ooo people out of work can't be good..
HSE2 is offline   Reply With Quote
Old 01-11-2002, 21:53   #4 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
It sucks for the workers. But, It's a good plan for Ford. They had to do something to save themselfs. I also read on CNN " on the bottom of the TV screen" that Ford is planning to introduce 2 dozen new cars in the next 5 yrs. I guess that would include Ford and other car companies they own.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Old 01-12-2002, 00:49   #5 (permalink)
 
Space Lord's Avatar
 
Join Date: Aug 2001
Location: Geelong, Australia.
Age: 40
Posts: 880
They were saying on the news that the workers who are affected will still get 95% of their base pay. I really hope it works out for everyone involved. With alot of the Japanesse carmakers gaining alot of ground in the U.S, maybe it's time more Americans support a real American company. Not taking a shot at our American friends but this is as good a time as any to help out an American company.
Space Lord is offline   Reply With Quote
Old 01-12-2002, 01:35   #6 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
I can't get over how Ford has gone from being one of the cash richest car companies to having to take measures like this.
HSE2 is offline   Reply With Quote
Old 01-12-2002, 09:09   #7 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Quote:
Originally posted by Space Lord
They were saying on the news that the workers who are affected will still get 95% of their base pay. I really hope it works out for everyone involved. With alot of the Japanesse carmakers gaining alot of ground in the U.S, maybe it's time more Americans support a real American company. Not taking a shot at our American friends but this is as good a time as any to help out an American company.
You make a valid point. I know my car is Japanesse, but it says Ford on it. Well, at least it was made in Flint, MI. I love people " here in the states" that say I'm for the USA, support the USA , etc etc. Then you look in their driveway and all you see are Honda's, Toyotas, and Nissans.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Old 01-12-2002, 15:41   #8 (permalink)
 
Space Lord's Avatar
 
Join Date: Aug 2001
Location: Geelong, Australia.
Age: 40
Posts: 880
Quote:
Originally posted by Stacy94PGT


You make a valid point. I know my car is Japanesse, but it says Ford on it. Well, at least it was made in Flint, MI. I love people " here in the states" that say I'm for the USA, support the USA , etc etc. Then you look in their driveway and all you see are Honda's, Toyotas, and Nissans.
You know dude, that in my book is still ok because at the end of the day it still has a Ford badge on it and it's still a Ford Motor Company car. Thus supporting the company.
Alot of people here in Australia say we must support Australian products and companys yet they drive around in Kia shitboxes.
I'd rather support an American company (ford) which gives thousands of jobs to Australians.
Lets hope for everyones sake that Ford gets back on it's feet asap.
Space Lord is offline   Reply With Quote
Old 01-12-2002, 21:44   #9 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Quote:
Originally posted by Space Lord

Lets hope for everyones sake that Ford gets back on it's feet asap.
I hope so to. With 2 dozen new cars coming out in the next 5 yrs it should be interesting.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Old 01-12-2002, 23:29   #10 (permalink)
 
Join Date: Feb 2001
Location: Rocklyn
Posts: 7,750
Quote:
Originally posted by Space Lord


You know dude, that in my book is still ok because at the end of the day it still has a Ford badge on it and it's still a Ford Motor Company car. Thus supporting the company.
Alot of people here in Australia say we must support Australian products and companys yet they drive around in Kia shitboxes.
I'd rather support an American company (ford) which gives thousands of jobs to Australians.
Lets hope for everyones sake that Ford gets back on it's feet asap.
Well said alex!
HSE2 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
FORD TURNS 100: Bennett chapter a bizarre one. Thug, Ford's grandson sought clout Stacy94PGT Ford Worldwide News 3 06-03-2003 23:39
100 Years of Ford: The Family, New generation rallies to put a Ford back at top Stacy94PGT Ford Worldwide News 8 06-02-2003 00:34
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-2003 07:17
TALK FROM THE TOP: Ford Motor CEO cuts costs, not product Stacy94PGT Ford Worldwide News 0 11-18-2002 08:35
Ford fight back Plan ??? HSE2 Ford Worldwide News 0 01-06-2002 23:52

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 23:45.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.