[OnerePeepsy]

Yay! Mazda will buy otu ford!



Spec.

[kvitacencia]

It's gonna get worse before it gets better. At least they're trying to do something.

[DeedPatmeda]

Japanese car companies building auto plants in the US

[bactrimtab]

It's all that Bush's fault.

[dasneycomrov]

Of course. That goes without saying.

Keep in mind, this is 10,000 at Ford only. It doesn't take into consideration businesses that will suffer in direct response.

[Blacksheepaalredy]

This has more to do with crap management then anything. EVERYONE told them to expand their car line up and concentrate less on trucks but Ford's management never listened. Now gas prices went up and trucks are out of style yet Ford doesn't have much in the way of cars to sell. Thus they are losing money hand over fist.

Just poor management.

[Jffxljtw]

Keep your hands to yourself.

There are 1.7 million more jobs in the US this year versus last, by the way.

[fmrcurter]

What do you want? Mr Fun makes a comment that we're losing jobs. It seems fair to correct the falsehood.

[satthackacibe]

We are losing manufacturing jobs at a record pace. Those manufacturing jobs average much better pay then the services jobs which you keep talking about.

[ligaliaCods]

Originally posted by Oerdin
We are losing manufacturing jobs at a record pace. Neither is this true. We have more manufacturing jobs now than a year ago.

You guys say whatever pops into your heads without verifying that it's true.

[deermealec]

My sevice sector job pays well mostly because there are damn few Americans willing to do the hard work to get a science degree. There are good paying service sector jobs but my point is on average service sector jobs pay worse then manufacturing jobs once equalized for education.

[LICraig]

Not likely. More likely they will find jobs outside of the automotive sector.

[MADwanker]

Interestingly, GM is by far the best performing Dow stock this year: up 70% YTD.

[dupratac]

Did they kill the St. Thomas plant?

My uncle may be out of a job...

[cepAceryTem]

Originally posted by One_more_turn
Interestingly, GM is by far the best performing Dow stock this year: up 70% YTD. It still has a market cap less then Harley-Davidson. The reason being they have huge legancy costs associated with retired employees.

The big three's man problem is the management culture which lives for next quarter instead of thinking several years out. This is what lead them to concentrate solely on SUVs and trucks while ignoring their car lines. Thus when market conditions changed from trucks to cars they were stuck flat footed.

Also GM most certainly does spend more on RND then Toyota but the average is indeed less due to GM's RND being spread out over something like 11 or 12 brands.

[Svatudjw]

They are indeed. The UAW have been trying to unionize them for year without much success.

[anaisdannyxys]

Curiously enough, Ford in Europe is profitable overall so someone knows how to run a car company. Makes me wonder if the fundamental problem is that Ford in the USA have never faced up to the fact that Americans will buy "foreign" brands rather than mindlessly handing over their dollars to American companies.