Good News From The Auto Industry

Riot · #1 01-26-2010, 06:25 PM

Quote:

Originally Posted by dellinger63

well kind of. Ford announced it will hire 1,200 new workers in the Chicago area to build the new Ford EXPLORER SUV a truck they obviously feel Americans want and did it all w/o a Government Bailout

Meanwhile GM announced they are selling off their Saab division to a Euro company losing jobs forever but on a positive note announced the plans to build electric cars (translation Golf Carts) in 2013 in Baltimore. More HOPE as in HOPE the plan comes to fruition and HOPE Americans begin embracing golf carts as preferred transportation.

In an unabashed whore-like-move Obama will travel from DC to visit the Ford plant today for the announcement.

Ford was saved by The United Auto Workers Union.

We have too many jobs that are lost forever. Gigantic steel industry? Big automotive? Forget it. The future is "green jobs", and other countries are proving it. We need to create new types of jobs. The old ones, the old paradigm, is gone forever.

Cannon Shell · #2 01-26-2010, 09:24 PM

Quote:

Originally Posted by Riot

Ford was saved by The United Auto Workers Union.

We have too many jobs that are lost forever. Gigantic steel industry? Big automotive? Forget it. The future is "green jobs", and other countries are proving it. We need to create new types of jobs. The old ones, the old paradigm, is gone forever.

LOL
You are kidding right?

Cannon Shell · #3 01-26-2010, 09:31 PM

What other countries are proving the future is "green" jobs?
Who is going to "create" these jobs?
The UAW?

Danzig · #4 01-26-2010, 09:37 PM

Quote:

Originally Posted by Cannon Shell

What other countries are proving the future is "green" jobs?
Who is going to "create" these jobs?
The UAW?

al gore

Riot · #5 01-26-2010, 10:43 PM

Quote:

Originally Posted by Cannon Shell

LOL
You are kidding right?

LOL You don't remember that the reason Ford didn't take government money was concessions from the union? You are kidding, right? LOL

Cannon Shell · #6 01-26-2010, 10:47 PM

Quote:

Originally Posted by Riot

LOL You don't remember that the reason Ford didn't take government money was concessions from the union? You are kidding, right? LOL

Oh so the Unions role in causing many of the issues which led to the position that Ford was in is ignored? This is like giving the kidnapper credit for not killing the hostage.

Riot · #7 01-26-2010, 10:57 PM

Quote:

Originally Posted by Cannon Shell

Oh so the Unions role in causing many of the issues which led to the position that Ford was in is ignored? This is like giving the kidnapper credit for not killing the hostage.

What are you talking about? Why are you changing the subject?

We were talking about why Ford didn't take government money or go bankrupt, and you laughed at my comment about the Union concessions. Apparently you are unfamiliar.

Cannon Shell · #8 01-26-2010, 11:27 PM

Quote:

Originally Posted by Riot

What are you talking about? Why are you changing the subject?

We were talking about why Ford didn't take government money or go bankrupt, and you laughed at my comment about the Union concessions. Apparently you are unfamiliar.

How exactly did i change the subject? And you if you want to use the unions concessions as the key to the salvaging of Ford arent you implicating them as a large part of the original problem? If you cant see that just don't bother to respond...

Riot · #9 01-27-2010, 03:06 PM

Quote:

How exactly did i change the subject?

By going off it and talking about old union deals.

Quote:

And you if you want to use the unions concessions as the key to the salvaging of Ford arent you implicating them as a large part of the original problem? If you cant see that just don't bother to respond.

Sigh ... again, we were not talking about why Ford got into the shape it is, only how Ford got out of it, and why Ford is doing better today, than the other auto companies. If you want to start a thread on why the auto companies got into the biz bag over decades, feel free.

dellinger63 · #10 01-26-2010, 09:43 PM

Quote:

Originally Posted by Riot

Ford was saved by The United Auto Workers Union.

We have too many jobs that are lost forever. Gigantic steel industry? Big automotive? Forget it. The future is "green jobs", and other countries are proving it. We need to create new types of jobs. The old ones, the old paradigm, is gone forever.

OK early DT Eclipse award for dumbest post evah this year and for the new decade!

Ever drive a golf cart in the snow or does this revolve around HOPE as in we are gonna warm up huge SOON!

dalakhani · #11 01-26-2010, 10:14 PM

Do any of you realize what Ford has done with its debt, why they did it and the impact it will have on its future?

Cannon Shell · #12 01-26-2010, 10:22 PM

Quote:

Originally Posted by dalakhani

Do any of you realize what Ford has done with its debt, why they did it and the impact it will have on its future?

I'm sure the answer will be above the pay grade of a typical political thread but you will enlighten us anyway.

Riot · #13 01-26-2010, 10:51 PM

Quote:

Originally Posted by Cannon Shell

I'm sure the answer will be above the pay grade of a typical political thread but you will enlighten us anyway.

You just are not capable of discussing subjects without insulting other people, are you?

Cannon Shell · #14 01-26-2010, 11:22 PM

Quote:

Originally Posted by Riot

You just are not capable of discussing subjects without insulting other people, are you?

Only you would take that to be an insult

Riot · #15 01-27-2010, 03:07 PM

Quote:

Originally Posted by Cannon Shell

Only you would take that to be an insult

Only you would think it is not.

dellinger63 · #16 01-26-2010, 10:53 PM

Quote:

Originally Posted by dalakhani

Do any of you realize what Ford has done with its debt, why they did it and the impact it will have on its future?

yea they get to build SUV's while giving up DOE money in a gamble americans will continue to buy their trucks in lieu of golf carts. It's a gamble on the Pres being gone long before it matters and relied on bank loans instead of taxpayer loans and big brother. IMO It's a good bet!

Riot · #17 01-26-2010, 10:59 PM

Quote:

Originally Posted by dellinger63

yea they get to build SUV's while giving up DOE money in a gamble americans will continue to buy their trucks in lieu of golf carts. It's a gamble on the Pres being gone long before it matters and relied on bank loans instead of taxpayer loans and big brother. IMO It's a good bet!

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

dellinger63 · #18 01-26-2010, 11:08 PM

Quote:

Originally Posted by Riot

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

electric cars are put away in the winter here and I can't afford a politically-correct car like everyone who has them for a summer car. Maybe when global warming takes full effect I will be able to trade in my 4-wheel drive for an electric putt putt. HOPE

dalakhani · #19 01-26-2010, 11:22 PM

Or maybe we can build better mass transit? Or maybe we can improve our snow removal system? Maybe a million things...

Like it or not, and i dont always agree with Riot, but we are in a brave new world. The old paradigm is indeed gone forever. American Society is changing and the way we view debt, credit and consumption will never be the same.

And Ford DID ask government help and DID use it in the form of TALF.

As far as non talf, Ford basically is issuing junk bonds to restructure its debt. Their old debt load was crushing. They had liquidity but some big notes were coming due. They just pushed it off into the future (back to the old ways) and are hoping that there is a serious rebound.

The good news? There was actually a market for the debt!

Cannon Shell · #20 01-26-2010, 11:28 PM

Quote:

Originally Posted by Riot

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

yeah we are right on the cusp of electric cars taking over...