can this be true? i heard from someone who owns ford stock that they think ford is going out of buisness! is there any truth in this?

 

No no truth in that at all. There going through some rough times. All the auto players are hurting right now including Toyota. Gas prices an the hjousing crunch to blame.

 

No kidding, My local Ford dealer has 8 trucks on their lot over F250's The rest are F150's SUV's and Cars. Usually they have 50 Big trucks.. They said the Fuel and economy are killing truck sales.

 

No, it isn't true.

 

what he told me was that there stock broker told him to pull out his stock cause there probably gonna go out of business in the next few years. i flipped and said there was no truth in that!

 

As Ford's planned plant shutdowns and work force reductions continue, they're "forcasting" to turn a profit in 2010.

Had to get lean and mean.

 

They're all lies I tell you - they're lies!

 

They wouldn't just close up. I am sure the government would step in before that happened, much like they did with Chrysler. With low/no interest loans, bonds etc. Ford has several divisions they can sell off. Volvo, Jaguar, Land Rover etc.

 

I still day trade. Ford closed at 6.86 on NYSE today. Roughly two billion shares outstanding, meaning the whole company is worth 12 Billion dollars, which is peanuts in today's world. Verizon, VZ is worth 112 Billion as what is called market capitalization.

Ford is a funny company as the Ford family still controls the voting. If you can take the stress, buy some Ford stock and don't look for three years. Too many of us like our Ford trucks.

 

Ford trades under $7 ? That's comedy. I never even think to look at it.

 

They may file bankruptcy, but this is just business, doesn't mean they will be shutting the door. As an example, Northwest Airlines emerged from bankruptcy last year.

 

http://money.aol.com/investing/compa...appear-in-2008
ford is on the list, but it doesnt mean anything if you ask me. just because they are in a tight spot doesnt mean closing shop

 

Don't fool yourselves guys. Ford's cash reserves are dangerously low putting them in a very bad situation. While they may be predicting a turn around, it's just a prediction. I believe they've already started the process of spinning off Jaguar and they've started closing some dealerships out West. The high energy prices coupled with the credit crunch aren't helping them turn the ship around either. Further, I wouldn't expect a government bail out as happened with Chrysler. If Ford can't get it turned around, the most likely scenario (IMO) would be a buyout. Hope I'm wrong.

 

imho if ford could offer a stripped down (I mean really stripped down) reliable 3/4 /1 ton that cost several thousand less than now They would sell LOTS of them. I work construction, many of the guys I know drive old pieces of crap. They refuse to pay upward of 35'000 for a work truck. I am in the same boat, I drive a 2005 xl a lease back. I couldn't/wouldn't afford a new one. I really wanted to drive new, but I could'nt justify the price. My previous truck was a '89 diesel f350. I was even happy with the comfort/ convienience of that. It was just getting too worn out, Spent too much time fixing it. That's my opinion anyway. I think a lot of tradesman agree with me too.

 

You can check many sources, but actually FORD's problem is from years of poor negotiating at the bargaining table. Unlike TOYOTA with fresh contracts, and no comitment to retirees, FORD has over $2,000. per vehicle in liability per new vehicle produced. FORD is profitable everywhere except in America. Don't read any anti union in my remarks. It was actually Ford that was allowed by years of bureaucratic oversight to underfund their pension system. The guys negotiated, Ford agreed, but the contributions produced an underfunded pension system.

In my home town of Macon, GA the CITY has an unfunded liability for pensions in the multi million dollar league.

And don't fool yourself, Social Security is in the same boat.

Ford's most profitable products are the high end vehicles and truck line. This is another reason why they discontinued their fleet rental sales business.

True about the spinoff of Jag. Wasn't good when times were good. And someday FORD will retake management of their dealerships. The problem we experience in our relationships with dealers, as Ford truck owners, is a result of Ford allowing the dealer to become mega dealers with multiple dealerships. Check with your local dealer and see who owns the dealership. It will amaze you.