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(Barron's)   Ford's CEO crashes out   (barrons.com) divider line
    More: Followup, General Motors, Dow Jones Industrial Average, Automotive industry, Ford stock, traditional automotive industry struggle, chief operating officer Jim Farley, Dow Jones & Company, Ford Motor Company  
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688 clicks; posted to Business » on 04 Aug 2020 at 11:24 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



13 Comments     (+0 »)
 
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2020-08-04 10:05:04 AM  
Ford stock has lost about 15% a year on average since Hackett took over in mid-May 2017.

The S&P 500 has gained about 10% a year on average over the same span


So how many millions in a golden parachute is a stellar record like that going to be worth.
 
2020-08-04 10:58:57 AM  
"Ford invested in the electric-truck startup Rivian ..."

Here's a hint for you Ford, free from me to you.  Invest in electric CARS, and if you want to think outside the box, electric BICYCLES.  The people who buy F150s are as likely to buy an electric truck as the people who buy Harleys are to buy electric motorcycles.
 
2020-08-04 11:12:40 AM  
Oh well.

I still won't buy another newer model Ford as long I a live (I have an urge to restore a 1950's F-100, but I digress).

Two engines in a 2018 Escape. First went at 12,000, second at 24,000. Coolant intrusion into the cylinder was the cause of both.

They did a PCM "fix" for it on the third engine, but I think they derated the engine a bit, because after that update I did not have as much acceleration as before. Nearly got in an accident too, thinking I had enough time, but the damn car didn't want to "go".
 
2020-08-04 11:55:23 AM  

Sorelian's Ghost: Ford stock has lost about 15% a year on average since Hackett took over in mid-May 2017.

The S&P 500 has gained about 10% a year on average over the same span



Not just that.  The Detroit 3 were largely having excellent years in terms of sales up until the year before Covid hit.  I believe 2019 car sales started to slow, although I could be off on that. Regardless, they all did well.

So that all said, record stock market boom up the rona, decent economy and some very good years for the auto industry, and yet, Ford manages to fark up its share price.

Their share price is about half of Chrysler, a fourth of GM and 1/230 of Tesla.  What a joke.
 
2020-08-04 12:06:41 PM  
Screw him.  Farley too.  These are the guys who decided to shaft their salaried retirees by:
A.  Increasing our monthly health insurance premiums by $500/mo.
B.  Increasing the annual max out-of-pocket from $7000 to $15000
C.  Insurance only pays about 10% of any costs until you hit that max out-of-pocket.

(These figures are for a married couple.)

They only did this to salaried retirees.  Union guys are protected by contract.  Active salaried workers would have rebelled en masse if they pulled that shiat on them.

Health care is essentially unaffordable for us now. There's a $900 bill for routine blood work sitting on our counter.  I'm not going to pay it.  Fark 'em, what are they going to do, lower my credit rating?

I've bought Ford products since 1983. Never again.  Fark them.
 
2020-08-04 12:29:03 PM  
Seems like he couldn't quite hack it.
 
2020-08-04 12:31:23 PM  
Also, let's not forget about their PowerShift Transmission debacle:

https://www.caranddriver.com/news/a27​4​38193/ford-powershift-transmission-pro​blems/

Fark them.
 
2020-08-04 12:40:51 PM  

Yooper56: Screw him.  Farley too.  These are the guys who decided to shaft their salaried retirees by:
A.  Increasing our monthly health insurance premiums by $500/mo.
B.  Increasing the annual max out-of-pocket from $7000 to $15000
C.  Insurance only pays about 10% of any costs until you hit that max out-of-pocket.

(These figures are for a married couple.)

They only did this to salaried retirees.  Union guys are protected by contract.  Active salaried workers would have rebelled en masse if they pulled that shiat on them.

Health care is essentially unaffordable for us now. There's a $900 bill for routine blood work sitting on our counter.  I'm not going to pay it.  Fark 'em, what are they going to do, lower my credit rating?

I've bought Ford products since 1983. Never again.  Fark them.


So you are basically catching up to what low income workers have been paying for a decade.
 
2020-08-04 1:01:11 PM  

Yooper56: Screw him.  Farley too.  These are the guys who decided to shaft their salaried retirees by:
A.  Increasing our monthly health insurance premiums by $500/mo.
B.  Increasing the annual max out-of-pocket from $7000 to $15000
C.  Insurance only pays about 10% of any costs until you hit that max out-of-pocket.

(These figures are for a married couple.)

They only did this to salaried retirees.  Union guys are protected by contract.  Active salaried workers would have rebelled en masse if they pulled that shiat on them.

Health care is essentially unaffordable for us now. There's a $900 bill for routine blood work sitting on our counter.  I'm not going to pay it. Fark 'em, what are they going to do, lower my credit rating?

I've bought Ford products since 1983. Never again.  Fark them.



So you're going to fark over the lab because you're ticked off at your employer's decisions to screw you.  Yeah, that makes a lot of sense.
 
2020-08-04 1:02:02 PM  

Sliding Carp: "Ford invested in the electric-truck startup Rivian ..."

Here's a hint for you Ford, free from me to you.  Invest in electric CARS, and if you want to think outside the box, electric BICYCLES.  The people who buy F150s are as likely to buy an electric truck as the people who buy Harleys are to buy electric motorcycles.


However, there certainly is a market for electric trucks.  Maybe only on the fleet side, but that's still a big market.
 
2020-08-04 2:34:53 PM  

Yooper56: Health care is essentially unaffordable for us now.


Welcome to the 99%
 
2020-08-04 6:29:55 PM  

Sliding Carp: "Ford invested in the electric-truck startup Rivian ..."

Here's a hint for you Ford, free from me to you.  Invest in electric CARS, and if you want to think outside the box, electric BICYCLES.  The people who buy F150s are as likely to buy an electric truck as the people who buy Harleys are to buy electric motorcycles.


The investment gives them access to EV technology that can be used in any vehicle, not just trucks.
 
2020-08-04 9:12:24 PM  
Here he is leaving from his retirement party

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