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FORD PREPARES FOR MASSIVE LAYOFFS ! New PCO’s on the horizon?.?

  #1  
Old 10-10-2018, 11:22 AM
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Post FORD PREPARES FOR MASSIVE LAYOFFS ! New PCO’s on the horizon?.?

Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.

Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.

Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”

While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to build up Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4.

Despite news of the layoffs, Ford’s stock closed down 3.4% Tuesday.

At a time when automakers are scrambling to prepare for self-driving cars, Ford is also struggling to keep pace with the rest of the industry. September was a bad month for U.S. auto sales—with aggregate sales down 7%—but Ford’s drop off was even more severe. Ford said its sales of its vehicles declined 11.2% last month, with sales of its best-selling F-Series pickup trucks down 9%.



One would think their will be new incentives to kickstart sales on their most profitable trucks to follow this news ?

 
  #2  
Old 10-10-2018, 11:48 AM
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Maybe cut back on all those Denis Leary commercials? Seems excessive for a truck that's the best selling for what...67 years...
 
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Old 10-10-2018, 11:59 AM
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Maybe to help kickstart sales, Ford should announce they are abandoning all the sedan and small car products to help move units.... Wait, maybe that would have the opposite effect....
 
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Old 10-10-2018, 12:06 PM
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This is what I thought those tariffs would do...just make it more expensive to live here.
 
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Old 10-10-2018, 12:17 PM
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Originally Posted by Turbo Dog View Post
This is what I thought those tariffs would do...just make it more expensive to live here.

Most definitely painful, although hopefully short term !

Someone’s got to stop the Chinese from stealing all our most valuable knowledge, before we have nothing left .
 
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Old 10-10-2018, 12:46 PM
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Originally Posted by BIGDOG1974 View Post



Most definitely painful, although hopefully short term !

Someone’s got to stop the Chinese from stealing all our most valuable knowledge, before we have nothing left .
Not sure how making Americans pay more for goods keeps the Chinese from stealing "knowledge" but ok. Maybe a better is to scrutinize their visas and people coming over as hard as we do Mexicans. There's story after story of some chinese national or even an american citizen spying on american companies and stealing data. Don't think adding $10 to a pound of steel does ****.
The 4130 chromoly tubing i used for roll cages has gone up over 40% in the last year. Making things is pretty damn expensive now.
 
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Old 10-10-2018, 03:20 PM
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Originally Posted by BIGDOG1974 View Post



Most definitely painful, although hopefully short term !

Someone’s got to stop the Chinese from stealing all our most valuable knowledge, before we have nothing left .
Originally Posted by brainofjjj View Post
Not sure how making Americans pay more for goods keeps the Chinese from stealing "knowledge" but ok. Maybe a better is to scrutinize their visas and people coming over as hard as we do Mexicans. There's story after story of some chinese national or even an american citizen spying on american companies and stealing data. Don't think adding $10 to a pound of steel does ****.
The 4130 chromoly tubing i used for roll cages has gone up over 40% in the last year. Making things is pretty damn expensive now.
yea...... I'm thinking tariffs are going to stop the espionage and idea steeling... NOT All the tariffs did was raise prices and cost jobs so far.

What have we heard from GM and Chrysler?? They have to be feeling the same pain. ??

 
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Old 10-10-2018, 03:32 PM
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Originally Posted by brainofjjj View Post
Not sure how making Americans pay more for goods keeps the Chinese from stealing "knowledge" but ok. Maybe a better is to scrutinize their visas and people coming over as hard as we do Mexicans. There's story after story of some chinese national or even an american citizen spying on american companies and stealing data. Don't think adding $10 to a pound of steel does ****.
The 4130 chromoly tubing i used for roll cages has gone up over 40% in the last year. Making things is pretty damn expensive now.
It's not only theft, American companies wanting in to Chinese markets must turn over the intellectual rights to what ever products they want to sell witch is BS. Make no mistake about it this trade war is not about trade deficit but rather their requirements to enter the Chinese market.

https://amp-usatoday-com.cdn.ampproj...ro-column%2F56
 
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Old 10-10-2018, 04:33 PM
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[QUOTE=Boilermaker374;18242553]It's not only theft, American companies wanting in to Chinese markets must turn over the intellectual rights to what ever products they want to sell witch is BS. Make no mistake about it this trade war is not about trade deficit but rather their requirements to enter the Chinese market.



Bingo! Boilmaker. Folks also don't take into account inflation. Whether the increase in inflation is due to materials, wage increase, ect…, companies will pass those cost on to the customer.
 
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Old 10-10-2018, 04:48 PM
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But didn't Ford announce they were dropping the passenger car line? Doing that will eliminate jobs right there.
 
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Old 10-10-2018, 05:03 PM
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It might not have anything to do with the fact that anyone that can afford a modern truck has one. The price of these things is stupid. 7yr financing is normal. Maybe ppl are waking up and buying a house and trying to live, rather than living at work to afford the truck.
 
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Old 10-10-2018, 07:49 PM
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Oh the things I'd like to type on this topic.
 
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Old 10-10-2018, 10:11 PM
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Originally Posted by brainofjjj View Post
Not sure how making Americans pay more for goods keeps the Chinese from stealing "knowledge" but ok. Maybe a better is to scrutinize their visas and people coming over as hard as we do Mexicans. There's story after story of some chinese national or even an american citizen spying on american companies and stealing data. Don't think adding $10 to a pound of steel does ****.
The 4130 chromoly tubing i used for roll cages has gone up over 40% in the last year. Making things is pretty damn expensive now.

Let me help you out here.

1) Chinese have been dumping (selling for way below market) steel in US markets for years.
2) Chinese strategy is to cause US steel companies to shutter their factories because they can't compete as china is dumping at or below cost
3) Because of Chinese dumping, many steel companies have in fact shuttered their factories and many many americans have lost their jobs
4) Once US no longer has steel manufacturing capacity, Chinese will jack the price to the high heaven because, well, the US needs steel for everything from cars, to buildings to toasters to MILITARY equipment like ships and missiles (are you getting it yet?)
5) China as the largest steel product now controls who gets steel, how much they get and how much they pay.
6) US is no longer super power because it cannot product steel
7) US becomes vulnerable to attack by adversary

It's pretty simple. China has been using steel as a weapon of war for years. Additionally, as another poster pointed out, for decades, US steel was far superior to any other steel in the world. US processes for producing steel were proprietary. China stole this process to improve their steel and subsidized companies in china to sell below market.

Trump isn't a clown like Obama. Now, bloodsucking other countries who've been taking advantage of the US for decades under idiots like Obama, Bush 1 and 2, Clinton, Carter, Ford and others are now finding out the party is over.

I hope that helps explain things for you.
 
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Old 10-11-2018, 05:54 AM
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Originally Posted by davidpacificnw View Post
Let me help you out here.

1) Chinese have been dumping (selling for way below market) steel in US markets for years.
2) Chinese strategy is to cause US steel companies to shutter their factories because they can't compete as china is dumping at or below cost
3) Because of Chinese dumping, many steel companies have in fact shuttered their factories and many many americans have lost their jobs
4) Once US no longer has steel manufacturing capacity, Chinese will jack the price to the high heaven because, well, the US needs steel for everything from cars, to buildings to toasters to MILITARY equipment like ships and missiles (are you getting it yet?)
5) China as the largest steel product now controls who gets steel, how much they get and how much they pay.
6) US is no longer super power because it cannot product steel
7) US becomes vulnerable to attack by adversary

It's pretty simple. China has been using steel as a weapon of war for years. Additionally, as another poster pointed out, for decades, US steel was far superior to any other steel in the world. US processes for producing steel were proprietary. China stole this process to improve their steel and subsidized companies in china to sell below market.

Trump isn't a clown like Obama. Now, bloodsucking other countries who've been taking advantage of the US for decades under idiots like Obama, Bush 1 and 2, Clinton, Carter, Ford and others are now finding out the party is over.

I hope that helps explain things for you.
And nobody wants to fix the problem. Every financial political move must generate wealth in the publics eyes. Doing whats needed for long term isn't instant gratification.
 
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Old 10-11-2018, 09:35 AM
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Originally Posted by davidpacificnw View Post
Let me help you out here.

1) Chinese have been dumping (selling for way below market) steel in US markets for years.
2) Chinese strategy is to cause US steel companies to shutter their factories because they can't compete as china is dumping at or below cost
3) Because of Chinese dumping, many steel companies have in fact shuttered their factories and many many americans have lost their jobs
4) Once US no longer has steel manufacturing capacity, Chinese will jack the price to the high heaven because, well, the US needs steel for everything from cars, to buildings to toasters to MILITARY equipment like ships and missiles (are you getting it yet?)
5) China as the largest steel product now controls who gets steel, how much they get and how much they pay.
6) US is no longer super power because it cannot product steel
7) US becomes vulnerable to attack by adversary

It's pretty simple. China has been using steel as a weapon of war for years. Additionally, as another poster pointed out, for decades, US steel was far superior to any other steel in the world. US processes for producing steel were proprietary. China stole this process to improve their steel and subsidized companies in china to sell below market.

Trump isn't a clown like Obama. Now, bloodsucking other countries who've been taking advantage of the US for decades under idiots like Obama, Bush 1 and 2, Clinton, Carter, Ford and others are now finding out the party is over.

I hope that helps explain things for you.
Predictably the Trump bullies have derailed this topic with their paranoid, small minded propaganda. Sad. So sad

You really think "US steel was far superior to any other steel in the world"? Better than German, French, or British steel? Statements like that make me question the rest of your "explaination."

It would be nice if we could get this back on topic. So, do you think we can expect some discounts from Ford to move more product or not?
 

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