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| The Pub For General Automotive Related Talk |
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16-10-2008, 01:16 PM
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I am Groot
 
Join Date: Dec 2007
Location: Burnett Heads, Qld
Posts: 6,840
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Ford Australia have announced the sacking of 500 workers today.....
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16-10-2008, 01:19 PM
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Virtuous Bogan (TM)
 
Join Date: Jan 2005
Location: TAS
Posts: 27,537
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Ford did or you did?
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16-10-2008, 01:23 PM
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I am Groot
Join Date: Dec 2007
Location: Burnett Heads, Qld
Posts: 6,840
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Quote:
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16-10-2008, 02:19 PM
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#4 | |||
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1999 Ford Fairmont Ghia
Join Date: Mar 2007
Location: NSW
Posts: 1,162
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Quote:
Soon they will have 3 workers left at the assembly line making 1 Falcon a month from 100% Chinese parts. But of course they will hire 2000 extra accountants and marketing gurus to come up with ways to increase profits.................. |
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16-10-2008, 02:30 PM
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FF.Com.Au Hardcore
Join Date: Jan 2005
Location: Northern Sydney
Posts: 1,908
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Quote:
FoMoCo looks set to have major liquidity issues during 2009; their US strategy is failing and they are now selling off their "star performance" brands in order to create some form of working capital for the core Ford brand; they can't raise any more equity funding as their shares are close to junk status; the cost of debt funding has blown out and I doubt they will have much luck with the banks either. Last rumour from Japan was that FoMoCo will sell their 34% stake in Mazda; I wouldnt be suprised if Volvo is next. |
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16-10-2008, 02:31 PM
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Virtuous Bogan (TM)
Join Date: Jan 2005
Location: TAS
Posts: 27,537
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Id be getting rid of Volvo first! Mazda is on a roll.
I thought these sackings where old news. What did everyone expect?
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16-10-2008, 03:13 PM
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#7 | |||
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I am Groot
Join Date: Dec 2007
Location: Burnett Heads, Qld
Posts: 6,840
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Quote:
But then i dont spend to much time with my finger on the Ford pulse anymore, it feels a little irregular of late........  :
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Ford Sackings
Linear Mode
