Rip.......... Gm and the Corvette
03-09-2009, 02:23 PM
#381
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I see GM & Chrysler headed down the tubes.
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
03-09-2009, 02:30 PM
#382
I see GM & Chrysler headed down the tubes.
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
As for why Ford is in a good position now, this is simply because Ford mortgaged the farm about 18 months ago to get cash (which at the time neither GM nor Chrysler needed since they were doing better). With the market downturn, cash is king and it just means that Ford can hold out a little longer.
03-09-2009, 08:18 PM
#383
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this thread is great . Lotsa things to think about and most are very relevant.
I think the cost issues have been covered up for longer than they should've by revenues that could hide them. when the revs dried up, the costs became more than the Big 3 could bear.
Like Buffett says, "you find out who's swimming naked when the tide goes out".
I think the cost issues have been covered up for longer than they should've by revenues that could hide them. when the revs dried up, the costs became more than the Big 3 could bear.
Like Buffett says, "you find out who's swimming naked when the tide goes out".
03-09-2009, 08:28 PM
#384
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I see GM & Chrysler headed down the tubes.
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
Ford appears to at least be surviving. I believe they are shackled with the same problems as GM & Chrysler (UAW, bad economy, etc...) What makes them so special to avoid reorganization?
Was it all those "Tore-***" company cars they sold in the late '90s?
03-09-2009, 08:29 PM
#385
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If you see GM & Chrysler "down the tubes" then Ford is going too since the entire supplier network will fold without any one of the "big three". If either GM or Chrysler files for Chapter 11 reorganization, then Ford will have to as well given the comparitively unfair advantage that will give GM & Chrysler (they get to walk from all uncompetitive contracts).
As for why Ford is in a good position now, this is simply because Ford mortgaged the farm about 18 months ago to get cash (which at the time neither GM nor Chrysler needed since they were doing better). With the market downturn, cash is king and it just means that Ford can hold out a little longer.
Just my $0.02
