Ford Financial Woes........

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Mar 11, 2003 | 02:00 AM

SRUPP

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Joined: Feb 2003

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From: Williams Lake

Ford Financial Woes........

With all the problems ford is dealing with including....forecasts ford may be facing bankruptcy.....check out several financial sections
debts of $150 billion
huge pension liabilities...
lack of cash to fund borrowings
10 billion in healthcare costs
share price of $7.31..lowest ever... down.31
moodys and standard and poors rate ford just above junk status.....and would be in bankruptcy right now if not for the name ..ford....

ford needs to repay $18 billion..by year end

26 billion by 2004
no chance of a govt bailout
ford lost 5.5 billion in 2001
ford lost $980 million in 2002
jp morgan recomends sell your ford shares
what would bankruptcy mean for ford owners..warranty parts....?

confused:

?

Mar 11, 2003 | 11:45 AM

AlM

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Joined: Mar 2000

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Ford Financial Woes........

you shoulda seen what happened during the 70's oil embargoes!

Mar 11, 2003 | 12:39 PM

Rockledge

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Joined: Jan 2003

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From: Connecticut

Ford Financial Woes........

I think consumers are already seeing some of the fallout. Ford has been trying to cut its operating costs and has been jacking up prices across the board for some time now. The cost of many parts and services has simply gotten out of hand. People like myself are looking for other ways to obtain help with our Fords because we are wary of getting burned by the dealers. And I'm not here puttin' the blame on the dealers, either, because as I understand it, they are getting the pipe from Ford. And of course that gets passed down to the SMs and technicians, who are seeing their pay slashed and are feeling more pressure to cut corners and save time, and thus employee morale is down, and customer complaints, including warranty hassles, are up.

Mar 11, 2003 | 01:07 PM

LHGrizzly

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From: Northern Utah

Ford Financial Woes........

I don't know where you got your info, but only one "analyst" said Ford may be nearing bankruptcy. They have $125 billion in debt. Most of that is from the financing arm (people still owe them on leases that they are paying back over a certain number of years) and they have $23+ billion in cash.

The federal government will bail them out if they need to. The auto industry is 20% of our economy. GM may be largest auto company in the world, but Ford Motor is the largest auto company in America.

S&P rates them as 5/10, "above average risk" they were rated 2/10 just 6 months ago and 3/10 3 months ago.

Every Auto Company is taking a major hit right now, GM has $7 billion in pensions that will hit next fiscal year that they can't pay for. There is no way that either of these companies will go under, oh and from somebody who knows. Don't sell Ford stock, buy it. When Ford thinks it may see a year in the red, they assume debts for years to come; so that they have one year in deep red instead of 5 years just above or below the line.

Mar 11, 2003 | 02:00 PM

SRUPP

Thread Starter

Freshman User

Joined: Feb 2003

Posts: 42

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From: Williams Lake

Ford Financial Woes........

Thanks guys...read another article that has also put my mind at ease....from FORBS MAGAZINE....just r e a l l y nervous shelling out so much$$$$$ for a truck..and with the first year problems...welllllll thanks for pulling me through guys!!!lol.
steven

Mar 13, 2003 | 05:57 PM

Matts72

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Joined: Jan 2003

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From: Montana Territory

Ford Financial Woes........

I know that ford spent a ton on the new mustang projects and the totally new 6.0L but that should drive the stock price up, ythey can't be having that many problems with the new 6.0L. Personally I will be calling my stock broker to purchase more of the largest American Auto Company.

Mar 13, 2003 | 06:10 PM

big1

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Joined: Feb 2003

Posts: 339

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Ford Financial Woes........

Ford's has weathered storm's in the past. I know first hand. I worked at Ford's for nearly 30 year's. They have been through thick and thin. They will come out of this stronger than ever.