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Have you driven a Fnord lately?
Their turnaround strategy should be to focus on the Boeing machinists market.
Nemo,
That damn near cost me a keyboard!
how long can a company remain in business losing every 1/4 with no real turn around in sight ?
Is that a 27% drop in profits, or a 27% drop in units sold?
Ford actually has a decent sedan/small car line finally. Too bad they trashed that brand and bet the house on cheap oil in perpetuity.
Well, Ford will undoubtedly get it's share of the proposed $25B bailout that is supported by both presidential candidates. No worries.
WTF about my new SUV, I need it for my XMAS shopping spree; what about the toys, the tots, the mistletoe, the eggnog, the pecks on cheeks, the gay festive sleigh rides and reindeer BBQ? Where is my credit card?
Does anyone know: How much does Ford burn on each product it produces?
Found On Road Dead.
F**ked On Race Day.
Fix Or Repair daily.
Anymore, that I am missing?
Foreget the bailout. Just let that company die already. Same with GM. We have enough used and unsold units to supply a small banana republic. Car shortages are the least of our problems. I say lettum go!!!!!!!!
"Indeed, a wide variety of loans that were once widely securitized are now not available (e.g., subprime mortgages) or are only available from financial institutions at much higher costs (e.g., jumbo loans)."
Wrong. Jumbo loans are subprime now, too. Just like this comment. Subprime.
The SUV losses are going to slow if only b/c there is a floor of people who actually NEED a large SUV, it's a low floor granted, but they're getting damn close to it. I'd guess the flood of late model used SUVs is actually depressing the "normal" rate of sales to people who need these vehicles. Once that glut is worked through things will improve slightly.
Ford needs to field more strong Crossover models, and finally revamp the f-ing Focus already. (They HAVE the car, it's the Mazda 3 chasis, which they sell as the Focus outside of the US. They just won't make it in the US.)
Ford isn't in a complete death spiral, but it's going to shrink no doubt.
"We expect the second half of 2008 will be more challenging than the first half"
In six month they will say "We expect the first half of 2009 will be more challenging than the second half..."
This just helps cause of automaker case for 50 billion bailout. Expect gm and chysler to follow suit ( if not announced already )
This month is not any better after reviewing finance app penetration thru today among dealer clients..
more mismanagement, same results...
no vision.....or vision obstructed by layers of old logic
yes a government bailout is likely for GM and or Ford , because we cannot afford or allow all those american jobs to evaporate.......
Born in California, I have never bought anything but Toyota, Nissan, Acura, all of which are now made in the USA. The big 3 never did much to reach out or appeal to women.
Fed Beige Book finds slow pace of activity
2:00 p.m.
Fed sees signs of export order slowdown
2:00 p.m.
General pullback in hiring in underway, Fed says
It seems like there is some second order damage from Gustav that will impact product markets, the electrical grid seems to have suffered extensive damage. This limits crude movement in pipelines to midcontinent refiners as well as refinery runs on the Gulf coast and product pipelines to the East coast.
Residential customers come in at the back of the line compared to hospitals, refineries etc - caught a talking head on the tv say some Baton Rouge customers could be without power for four weeks...
My f-150 is a reliable and hard working machine. I actually use it to pull and haul often and it does it without complaint. Do the maintenance and put gas in it. My commute is short, so feeding it is a minor inconvenience.
Anyone who actually depends on these vehicles wouldn't be piling on.
Having said all that I definitely see many large vehicles in the hands of people who don't need that much iron to put put back and forth to work and grocery store.
Gas prices will help to weed these folks out no doubt.
The right tools for the right job...always.
Gustav caught Baton Rouge almost completely by surprise. The most damaging winds were in the northeastern side's squals instead of tight next to the eye.
Weirdest thing I have ever seen.
The oil scene did NOT receive all that much damage from this storm.
I suppose the fact that another three hurricanes are lined up for the east is bullish, so pardon me while I go buy buy buy.
OCDan:
Found On Road Dead.
F**ked On Race Day.
Fix Or Repair daily.
Anymore, that I am missing?
Fucked-up Old Rebuilt Dodge
Rick Santelli on CNBC is going to cause some of the other analysts blood pressure to rise if he's not careful.
Way to go Rick!
Finance Or Repossess Dummy.
Finally Our Rubicon Decision.
Forget Other Recessionary Downturns.
KbZ,
Thanks for the Baton Rouge observation - that home? I spent too much time over the three day weekend watching the weather channel (Houston).
The Gulf rigs, platforms and even LOOP seem to have largely gotten a bye from Gustav - it is the support infrastructure onshore that seems to have taken a worse hit - the full picture is still emerging.
Joint Legislative Budget Committee - Monthly Fiscal Highlights
August highlights are brutal.
9.3% drop in tax revenues year over year for July. Total revenues down 7.3%, with no end in sight.
One can safely assume Arizona has entered the recession zone, and is heading toward the depression zone.
Almost half of the monthly sales of single family houses in Phoenix are foreclosures.
While the rest of the country may be doing alright, Arizona looks like a hole in the ground.
Wanna buy a gold mine?
Are we ready for when this recession goes midwest with crashing commodity prices, and manufacturing drops?
Oh yeah, Ford just dropped like a rock.
This is going to require massive printing of money, and massive federal bailouts of state governments, along with some local governments.
The biggest bailouts will be California, Arizona, and Florida.
Anybody wanna bet?
Someday this war's gonna end...
Fund Our Rotating Debt
"This is going to require massive printing of money, and massive federal bailouts. . ."
They can't print it fast enough.
Ford does sell a best selling small car in Europe
YouTube - Ford's Evil Twin Commercials - Back to Back!
Warning - Do not watch this video if your an animal lover
No SportKa over here though ...
One day soon Ford and other US mfgs will wake up and smell the diesel.
Got to love that VW TDI. Nearly 50 mpg at 75 + mph. No dramatic fuel economy drop off at "normal" driving speeds. I do use a 2004 F-350 crew cab with a 6.0 4X4, but only when it is working and making $ hauling heavy loads at job sites.
Bruce
Volkswagen August U.S. sales rise 2.9% - MarketWatch
EECON
I am based out of Lafayette, have family and friends in BR, Jeanerette, Ascension Parish....all over.
Gustav set the record(formerly Besty) for both sustained winds and gusts ever recorded in Baton Rouge. I personally very nearly evacuated to BR. Glad I didn't...stayed in Lafayette and never even lost power despite being so close to the eye.
High winds and tornadoes were persistent and pervasive in the outer eastern squalls in the northeastern quadrant of the storm. Mobile, Natchez, Baton Rouge, Ascension parish....everywhere that had contact with those squalls saw nasty high winds and "training rain"/flooding.
East side is always the dirty side...but this time it was really limited to those outer squalls.
I've been through many canes...this one was the weirdest by far.
A little biased that you post the negative Ford story in a big headline but fail to point out Nissan sales rose 14% in the same period?
It's clear Ford doesn't have the right product.
The GFS and GFDL models had Gustav pegged since last Friday.
I'll be watching those for IKE, et al.
Here is the Ford chart, in all its glory:
FORD REPORTS AUGUST SALES; FORD FOCUS, ESCAPE REMAIN STANDOUTS IN A CHALLENGING MARKET | Ford Motor Company Newsroom
I found another media release from the last part of June which talked about future reductions in output based upon economic outlook.
Given such a circumstance, I am more interested in days of supply for their vehicles. If it is consistent and within the "normal" range, then Ford is producing the correct number of vehicles given consumer demand (and thus we shouldn't worry too much about them). I see the days supply metric every once in a while, but my google searching has come up empty for current numbers. Does anyone know where to get them?
What a mess. First the financials need a major bailout and now the automotive sector. And on top of this, the stocks of these companies are going up along with the us dollar. What gives?
Is the rest of the world so bad off that the US, by comparison, looks great?
Driving into my covered parking today at my condo I had a thought about electric cars. How would I charge it and pay for that electricity?
My point is all us condo-apartment dwellers have no infrastructure to charge an electric car. Electricians and small electric meters might be a growth area.
"Having said all that I definitely see many large vehicles in the hands of people who don't need that much iron to put put back and forth to work and grocery store."
I love your sense of understatement!
Energy,
"Fnord is the typographic representation of disinformation or irrelevant information intending to misdirect, with the implication of a conspiracy. The word was coined as a nonsensical term with religious undertones in the Discordian religious text Principia Discordia (1965) by Kerry Thornley and Greg Hill, but was popularized by The Illuminatus! Trilogy (1975) of satirical conspiracy fiction novels by Robert Shea and Robert Anton Wilson."
Fnord - Wikipedia, the free encyclopedia
Cheers,
Gm was projected to be down 29% and came in at 20%.Stock up last I looked!
OMG...News Alert!!!!!
No Fed "temporary market action" today...
Means something......what that is I've no idea.
Temporary Open Market Operations - Federal Reserve Bank of New York
First day I've seen where nothing was done in a long time.
Ciao
MS
Ford stock up!
mike writes:
A little biased that you post the negative Ford story in a big headline but fail to point out Nissan sales rose 14% in the same period?
It's clear Ford doesn't have the right product.
mike | 09.03.08 - 2:35 pm | #
Biased? Against Ford or against Nissan? For Ford or for Nissan? I'm not sure what you are getting at...
But here are some more numbers:
Ford -27%
GM -20%
Nissan +14%
Toyota -9.4%
Honda -7.3%
Volkswagen +2.9%
Porsche -45%
Is that better?
It was weird hearing all the media happy talk about Gustav while 2 million people are still locked out of their homes and communities, with power out for weeks and three more storms on the way.
And since when did Americans get all mushy about a typhoon halfway around the world and completely ignore 3 (or 4) storms smashing Haiti and the Dominican Republic in their own backyards?
The weirdness of the U.S. is getting weird.
ZERO!
Mommie Sarah Palin will put a band-aid on the boobie,kiss it and everything will be OK.Grandpa McCain will be taking a nap............I'm only 66 and I'm going to take a nap now!
I actually think Ford makes a decent product. They just too many eggs in that SUV category...
Cheers,
No one is REALLY being kept out of their parishes.
Media and State Police are trying to stem the flood of evacuated folks from all coming home at ONCE, to towns without power, without water or sewage, FUEL, FOOD, et al.
You know people can't hardly drive on a clear day, with fully functional traffic signals telling them when to cross the road...much less than on tree ridden, flooded, powerless traffic signals in pouring rain around downed power lines that are invisible until you hit them.
Some people are alert, attentive and intelligent when moving through dangerous areas. The majority are NOT!
I really liked my beat up Ford Ranger P/U, drove the Alcan three times in that truck with my two dogs for company - not even a flat.
Never has a problem with a Ford vehicle. Had a problem with Gerry Ford, though.
Ok, buy the stock.
Rangers were mostly dependable. Just keep an eye on those fuel pumps!
My Expedition's got 150k. Only thing I've replaced are tires, breaks, struts, and shocks.
Cheers,
I heard a stat proffered on the Baton Rouge news Tuesday morning saying that out of ~460+ traffic signals in the greater Baton Rouge area, only 5 were functional.
Curfew sounding like a good idea now?
priceless the look on mcteer the shill face when santelli out the question to him. Worth posting the video of liesman trying to make nice after the santelli knife attack..
OT:
I gather the hedge fund formerly known as Ospraie was into EWZ pretty heavily..
EWZ -3.25%
Ciao
MS
And since when did Americans get all mushy about a typhoon halfway around the world and completely ignore 3 (or 4) storms smashing Haiti and the Dominican Republic in their own backyards?
The weirdness of the U.S. is getting weird.
rich | 09.03.08 - 2:45 pm
This has been going on for a long time.
A relation & her church-friends just got back from a week in Tijuana doing "mission work" and "helping the poor".
Why not just go to Oakland?
Oh, too close.
Leisman needs to choke to death on dennis kneals' larynx.
So now even buying a used-gas hog has become a trade; strong support for gas at $ 2.87 a gallon will be time for me to sell back the Explorer I paid cash for in July what 30+% upside?
p.s. Big Mac a teer could care less, cush job glad-handing for A and M yawn!
Is it a BAD thing that only the simplest and least risky securitizations are surviving? Hasn't it been proved that 40x leverage is too much?
My '79 Pearl White Eldorado has 348,000 miles; runs great and the ladies luv-it (i.e. the Liberace candle-abra helps).
I have a sale on some cardboard auto air fresheners.
I have Hondas, but work gave me a Taurus to drive. I haven't driven a Ford since my Dad got rid of his '79 . I'm surprised by it. Its a good sturdy car. I even got 27 MPG going to San Diego. This Ford still has a tendency for light switches to work loose and fall off, just like my Dad's 79. Despite that, its a lot better than I thought it would be.
I like my Ford Fusion. And I liked the 2 Tauri I had before it. Both got over 200,000 miles without much care. The second one got to 237,000 miles, but needed an expensive repair, so I replaced it.
I drive a 1973 F100, it gets 16mpg, cost me $500. It works.
"Having said all that I definitely see many large vehicles in the hands of people who don't need that much iron to put put back and forth to work and grocery store."
I love your sense of understatement!
wally | 09.03.08 - 2:42 pm |
"but, but, but, but... its for the chiiiilllldddrrreeennn"
(hearing this always makes my skin crawl)
Misean writes:
I actually think Ford makes a decent product. They just too many eggs in that SUV category...
The Big Three are a textbook in mismanagement. circa 2001, you had executives giving quotes to the press about "focusing on high margin SUVs". Implicitly telegraphing to your customers that you're ripping them off with high prices on those vehicles. Nothing about "being competitive in all vehicle classes". Absolutely nothing about "building the cars that people will be proud to drive for the next 15 years". This damage is entirely self-inflicted. It's been going on for at least 25 years. My 1998 Saturn SL1 got 35+ mpg. Saturn could not now sell me a car that gets better mileage, given TEN YEARS to work on it. Detroit has utterly failed to standardize designs for component reuse and ease of changing option packages. Good riddance. They've been willfully ignorant for far too long.