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Showing content with the highest reputation on 05/16/2020 in all areas

  1. Wait guys- I'm confused. Don't you realize that the Koreans and the Japanese are losing their asses on all the cars they are building. A fact- I've been corrected many times when I've pissed and moaned about building great cars and then ignoring them. But just read today, last Fusion goes down the line in July. I've posted before-last new car I bought was a Taurus SHO. Started looking for a CPO SHO in Feb. None in New England then thanks to some BON posters started looking for Fusion Sport and then MKZ 3.0T. Finally found an MKZ. Great car- but never knew this 400HP car even existed. Both gone. Classic Ford- build a good product then let it wither on the vine.
    3 points
  2. I'll never understand how they can take one approach with the F-series trucks, and then a complete opposite with the rest of your lineup. To your point, F-150 is consistently updated on a 3-6 year MCE/New cycle, but the bones underneath often last two generations (there are some changes but not all new even with an "all new" model). Then look at the rest of the lineup, and they do the opposite - don't refresh products consistently and keep swapping platforms every few years. Compare that to someone like Toyota which keeps the same platform for decades and consistently updates the body. Maybe - hopefully - they'll finally do this with C2.
    2 points
  3. I think Ford’s problem the last 20 years is they keep changing course too much. They probably should have just kept CD3 for Fusion and Edge. CD4 barely lasted 7 years. Edge will have 3 platforms within 8 years. Maybe they should have kept the 2.5L NA instead of all those 1.x Ecoboost engines. F150 gets a lot of updates but the basic platform hasn’t changed drastically outside the aluminum body. Just tweaked a little. China was a bust although everybody was wrong about that not just Ford. Maybe instead of trying to fix Europe and South America it’s time to cut bait or start over.
    2 points
  4. Mike Levine mentioned it would be soon (for the Bronco Sport/Bronco). Summer of 2020 doesn't start til June 18th, so they have about 30 days left LOL Also the Bronco Sport moved up from September to August 31st for a launch according the to article and I just saw this about the F-150. https://www.freep.com/story/money/cars/ford/2020/05/14/ford-f-150-launch-2020-coronavirus/5189929002/?utm_campaign=snd-autopilot Maybe the F-150 was supposed to launch in the next 60 days and will just slip to the right to August/September instead?
    2 points
  5. You can’t look at # cases because that will increase as testing increases. Hospitalizations and deaths are the real indicators.
    2 points
  6. The most compelling and worrying thing about Ford is that it refuses to grow its business, everything in the past decade has been about making a andselling less but charging more.This selfish, inwards looking attitude has a price, Ford will wake up and realise that it's still just a frog in a pot and unable to make money on anything but larger trucks, utes and commercial.
    2 points
  7. Hank III attended our annual Fabulous Fords Forever car show every year when he was working in California. Very cordial and approachable. I asked him about the Early Bronco that one of our Early Bronco Limited club members restored for his father. He said they still have it and love it, drive it often.
    2 points
  8. It is that very "family intangible" that draws me to the company as an enthusiast, admirer, and share holder. Sure, I could "enhance my portfolio" by getting a better performing stock, I could be enjoying a Camaro, a Cadillac and a Chevy 1500 as my current vehicles, but their is no admiration to be had at GM, FCA et al.... I'll stick with Ford. Great story!
    2 points
  9. From Bloomberg News Henry Ford III is rising to the top of a dynasty facing crisis Keith Naughton, Bloomberg / May 14, 2020 When Wall Street analysts call Ford’s investor relations department these days, they’re likely to be greeted by Henry Ford himself. It’s not the founder, of course, and it’s not a recording of him either. It’s Henry Ford III, the patriarch’s great-great grandson, who at age 39 has been thrust into the crucial role of liaison between the struggling automaker and its investors. The III’s ascent -- along with that of his cousin, the 32-year-old Alexandra Ford English, just named to the board of electric-truck maker Rivian Automotive Inc. -- marks a coming of age for the fifth generation of the Ford dynasty. For all but 20 of its almost 117 years of existence, Ford has been led by a family member. And while critics lay much of the blame for the company’s current struggles on the Fords, the family sees Henry and Alexandra as their best hope of maintaining control for years to come. “They’ve moving above the radar line now,” Jeffrey Sonnenfeld, associate dean at the Yale School of Management, said of the automotive heirs. “This is what they were destined for when they entered the company. When we look at their dads, they’re on the same trajectory, with at least one, if not both, ending up on the board.” The changes come as the company endures another crisis, with losses mounting and North American factories idled in the face of coronavirus shutdowns. But as Ford shareholders gather for a virtual annual meeting Thursday, the founding family remains firmly in control, aided by a special class of stock that gives them 40 percent voting power. That arrangement will once again come under scrutiny at the annual meeting. A shareholder proposal would strip the family of its special class of stock and go to a one-share, one-vote arrangement. A similar motion garnered 34 percent support of Ford shareholders last year. Some investors have long complained that super-power voting weighs down the value of publicly traded companies, while giving founding families sometimes unwarranted control. Since Bill Ford became chairman in 1999, the automaker’s shares are down 91 percent, while the S&P 500 index is up 129 percent. Unlike General Motors and Chrysler, however, Ford avoided bankruptcy in 2009. And for all their problems, the Fords have earned a reputation for not meddling in the corporate decision-making process. “The Fords, in general, have a pretty good history of letting the executives run the company,” said Rob Du Boff, corporate governance analyst for Bloomberg Intelligence. Henry Ford III and Ford English are likely years away, if ever, from assuming the uppermost leadership roles. Jim Farley, promoted March 1 to chief operating officer, is the clear heir apparent to current CEO Jim Hackett. But each is now moving through a variety of jobs at the company. Henry, known as “Sonny” among friends and family, was director of corporate strategy before taking the investor relations job. He is the son of Edsel Ford II, a board member and now a company consultant. Ford English, the daughter of Bill Ford, assumed a corporate strategy position similar to the one previously held by her cousin, while also being named to the board of Rivian Automotive, the electric-truck maker in which Ford has taken a significant ownership stake. Their seasoning is similar to what their fathers received while rising in the ranks in the 1980s and ’90s. Bill and Edsel Ford landed on the company’s board of directors in 1988 while still in their 30s and agitated successfully for more prominent roles as directors. Edsel eventually rose to president of Ford’s highly profitable credit unit before retiring in 1998, and Bill became company chairman in January 1999 and served as CEO from 2001 to 2006. For Henry and Ford English, working in the family business may not have been preordained, but close to it. After graduating from Dartmouth in 2002 with a degree in history, Ford III taught middle and high school math and history. Then in 2006, at the age of 25, he joined Ford in labor relations. He helped to negotiate a contract with the UAW, similar to Bill Ford’s first job at the company in 1979. Henry III went on to work in purchasing, dealer relations, as a vehicle program analyst and as global marketing manager for Ford’s high-performance sports cars, drawing on the company’s racing heritage highlighted in last year’s Academy Award-winning “Ford v Ferrari.” “In the back of my mind, I knew I always wanted to work for Ford,” Henry Ford III told Automotive News in 2014. “Our family’s legacy and heritage are very important to me and I knew it was something I wanted to carry on.” In investor relations, the young scion will face tough questions about Ford’s falling stock and growing losses. “Investor relations is the best place that you can put somebody that you’re trying to groom for leadership because they are going to be dealing with complaints all the time,” Minow said. “It will give him a real reality check.” Unlike some children of famous people, he has no qualms about using his name in business, recalled Los Angeles Ford dealer Beau Boeckmann. Ford III worked at his store selling cars during the summer of 2009 while getting an MBA from the Massachusetts Institute of Technology. “When he walked through the door, he said I want to be called Henry Ford and have it on my nametag,” Boeckmann said. “Customers would say, ‘Wait a minute, your name’s Henry Ford, are you any relation?’ And he’d laugh and say, ‘Yeah, I’m Henry Ford III.’” Ford English also tried out another industry after she earned a bachelor’s in human biology, physiology and neuroscience at Stanford and an MBA at Harvard. She worked in retailing in the merchandising divisions of Tory Burch in New York and Gap Inc. in San Francisco. Her first job at Ford, in 2017 at the age of 29, was in a department helping to find new mobility solutions for crowded cities, and then she moved on to Ford’s self-driving vehicle unit. “I was originally hesitant to join Ford because I don’t have a technical background and it’s a company built upon engineering,” Ford English said in a 2018 company-sponsored video. “But I knew what I could bring to the company and I was very aware of those skills.” Joining the company and rising to the top are two different things, of course. Henry Ford II, the outsized and colorful leader of the company for 35 years until his 1981 retirement, once famously declared “there are no crown princes at Ford.” The latest Henry has said he works hard not to appear “to have any sense of entitlement.” That may be what drove him to turn down an invitation to a Fourth of July party from dealer Boeckmann back in the summer of 2009. Instead, Henry III remained in the showroom all day, selling cars in the California heat. “I said, ‘Hey Henry, why don’t you come join us for the family picnic?’ But he said, ‘Thank you, but I’m here selling cars,’” Boeckmann said. “He’s extremely humble and he is aware that he needs to work harder because of his name.”
    1 point
  10. That's how I'm thinking. After debating the past few months between an Escape PHEV and a Ranger, we're leaning toward the Escape. No way would I own a BEV, right now, in the rural area I live. Maybe in 5+ years, but not now. A PHEV just makes more sense. Looking forward to a test drive.
    1 point
  11. Talk about instant sales killer.
    1 point
  12. 1 point
  13. Engineering would try and blame us regardless
    1 point
  14. It's got plenty of length. It's misrouted. Can't blame engineering for an assembly f-up.
    1 point
  15. Any rumblings about when we might be able to expect a reveal?
    1 point
  16. Better to write off the rest of 2020 and just build sales for now and leave new launches for 2021. The last thing Ford needs now is another dreadful launch......
    1 point
  17. They are not necessarily making that much on cars either but they are growing their SUV business and emerging market a lot faster than Ford... which has been looking down at its shoes mumbling to itself since Mulally left. Ford has basically turned in a big goose egg on growing the business since Mulally left in 2013. The China business went to sh!t. Hyundai ate its lunch in India. Toyota and Honda have overtaken Ford in South America. Southeast Asia and Australia has been a mess after the divorce with Mazda with no vision or leadership. For a family controlled business, the obsession with stock price seems really strange... The advantage of family control is so you can invest and grow the business without pressure from Wall Street gadflies. I'm really not sure why they care so much about stock price in the short term. To me, it is much more important to figure out how to sell more SUV, vans, and pickup truck outside the US. Giving up on cars is not necessarily the wrong move... they do have lower returns. But giving up on a market when Ford didn't try to sell the right product is a real sin. There are markets where Ford compete now where it doesn't even sell a van... which is really f'ed up because vans are historically probably Ford's most profitable vehicle. Where ever Toyota is selling Hiace, Hilux and Prado, Ford should be there selling Transit, Ranger, and Everest. There is only about a dozen car companies left outside China and soon some of the Chinese companies will be bigger than Ford. To choose not to compete is really not an option for Ford.
    1 point
  18. Meaning Bronco Sport is late this year and Bronco early next year.
    1 point
  19. Try this: https://www.detroitnews.com/story/business/autos/ford/2020/05/15/fords-launches-bronco-will-delayed-months/111780836/
    1 point
  20. Phhhhftttt....60 days ain't nothin'. Not like I would get pissed and buy a Wrangler....ever.....
    1 point
  21. "FRANKFURT/DETROIT -- Volkswagen Group and Ford Motor Co. are pushing ahead with plans to team up on electric and self-driving vehicles even as the coronavirus derails other projects, people familiar with the matter told Bloomberg. The deal is expected to close by the end of next month, with both sides recognizing a need to share the large investments needed to develop battery-powered and autonomous cars, said the people, who asked not to be identified as the negotiations are private........Under the plan, VW will invest about $2.6 billion in Argo. That includes $1 billion in funding and the $1.6 billion Autonomous Intelligent Driving unit of the German company's Audi brand to compete with Alphabet's Waymo and General Motors's Cruise unit........As part of the widened cooperation, Ford intends to produce at least one mass-market car in Europe based on VW's main electric-vehicle underpinnings, dubbed MEB, with more than 600,000 targeted deliveries over six years." https://www.autonews.com/mobility-report/vw-ford-forge-ahead-technology-sharing-save-costs?utm_source=daily&utm_medium=email&utm_campaign=20200515&utm_content=article9-headline
    1 point
  22. And yet it was just announced Tesla's next factory will be in Texas.. https://electrek.co/2020/05/15/tesla-factory-austin-texas/
    1 point
  23. I know that Bill Ford was playing "pond hockey" regularly with a bunch of guys in the Ann Arbor area. Don't know if he still does.
    1 point
  24. I believe he headed Ford Motor Credit for awhile. Recently, he spearheaded the Campus Martius project in downtown Detroit, and is or was invested in Oakland Pontiac airport. Also connected with Edsel and Henry Ford Mansion projects. I will say this about the Ford family......they are very down to earth and affable. Back in the early 80's, I played doubles tennis with Clay Ford Sr. and he was just one the guys in spite of body guards not very far away. Btw, he was a good tennis player.
    1 point
  25. Your comment speaks volumes about the guy. Hopefully he learned a lot at the dinner table from Edsel as well. Any of you have any idea what jobs Edsel had in the company before he retired?
    1 point
  26. I think investors are understanding of the current situation. I know I am. I just listened to yesterday's annual meeting and noticed the yearly proposal to do away with Class B shares (which favors the Ford family) was defeated 65% vs. 35%.
    1 point
  27. he was our regional rep for a while....we have never had one anywhere near as good as he was....ALWAYS got back to you in an expedient manner with a definitive answer...our reps since have SUCKED
    1 point
  28. Well TT I think the "split" is just on the marketing side. Under the hood, the powertrains in a WS is the corporate hardware- same as if it a F-liner Coronado or a WS. Same with Volvo. There is no more exclusive Mack powertrain. The engines that come out of the former Mack Hagerstown plant end up in a Volvo or a Mack......"One Volvo, One Daimler" as I see it. Daimler recognizes there are still a lot of old guys who grew up with Macks. My fear is some day the Swedes will say....."but most of these guys are dead!. Why do we have duplicated marketing staffs blah blah"-
    1 point
  29. Ditto! well said.
    1 point
  30. https://www.freep.com/story/money/cars/ford/2020/05/14/ford-f-150-launch-2020-coronavirus/5189929002/ i dont know why that quote is there ??‍♂️
    1 point
  31. Don't you mean "squircles"? ?
    1 point
  32. That's the most stupid post I've read in a forum for a long time. It takes not even 2 second to google this. Ford competed in Japan just fine for some 20 odd years when it was the top selling non-luxury foreign brand. The reason things ended the way it did has something to do with a guy named Mark Fields (yea whatever happened to that guy eh?) From the time Ford rescued Mazda the first time in 1979 until Ford sold it in 2010, Ford models were sold in a Mazda dealer network called Autorama. The rebadged Mazda and imported Ford together was regularly the best selling foreign brand. In 1995, Ford increased its investment in Mazda to 33.4% enough to gain control of the board. From that point on until 2010 when Ford sold the company, Mazda was basically a Ford division with Ford appointed senior management. Ford was essentially the 5th largest car company in Japan after Toyota, Suzuki, Honda, and Nissan from 1995 to 2010. Mazda ran into financial trouble in early 1990s when it had grand vision of competing with Toyota by launching a whole bunch of quasi luxury brands (some never got off the ground like Amati in the US). By 1995, Mazda needed another rescue so Ford stepped in with cash, increased its investment to 33.4% and took management control. Henry Wallace was the first Ford appointed CEO of Mazda. Mazda was floundering in Japan after the economic bubble melted in Japan and it had too many domestic brands: Mazda, Ford, efini, Eunos, and Autozam. Wallace decided to streamline the operation and focus on the Mazda and Ford brands and cut efini, Eunos, and Autozam. Mark Fields took over as Mazda CEO in 1999 and he made a couple more changes. He got rid of the commercial truck and pickup business and decided it made more sense to focus on singular Mazda brand in Japan so he ended the rebadged Ford models. At the time, that made sense because Mazda was basically a Ford division and no one envisioned Ford selling Mazda. It was the crown jewel of Ford's international portfolio. Until that point, Ford had a full line up of both domestically produced and imported cars for sale in Japan. Import: Mondeo, Taurus, Mustang, Explorer Domestic: Festiva (Aspire), Laser, Telstar, Econovan, Freda (Escape was in final development and would come later in 2001 but the decision to gut the Ford brand was already made) After Fields decision to gut the domestic Ford line up, Fiesta and Focus were brought in but they were never as popular. And so overtime, the Ford brand withered and became somewhat irrelevant in Japan. And unlike the Germans, Ford was and still is a mainstream brand in Japan. So unlike VW, which can subsidize selling Golf from profit generated by Porsche and Audi, Ford was sink or swim on selling Fiesta and Focus. It was more or less achieve similar level of success as PSA which was in the same boat.
    1 point
  33. Family ownership keeps Ford an American company for better or worse. If Ford was investor owned like Chrysler, it would have been sold or merged with someone long ago. As for share price and criticism that company lacks real long term strategy, I think the facts speak for themselves. Ford was the number two car company in the world when Bill became President in 1999. It is now number five just barely beating Honda last year having been passed by Toyota, VW, and Hyundai in the last 20 years. And if you consider Renault-Nissan-Mitsubishi a single company as some industry analyst do, the pending FCA-PSA merger, and the fact that Ford will fall behind Honda this year, you are looking at Ford being in 8th place - basically the smallest of the full line mass market car company in the world. So in a industry where scale and size means a lot to profit margin, Ford is kind of going the wrong way. How long can Ford stay independent? I don't know but a lot of the challenges Ford is facing now has to do with scale and it would help to be bigger with more cash flow. Before someone makes the inevitable comment about size doesn't equal profit, Ford is shrinking but also not making profit. In fact, you can almost trace Ford's declining profit by declining revenue... Ford has high fixed costs so shrinking doesn't get you prosperity... it begets more poverty. What's most amazing about this industry in the last 20 years is the rise of Hyundai... they went from nobody to the same size as GM (and will probably pass GM in 2020). 2019 Worldwide Sales Volume (millions of units) 1. VW 10.97m 2. Toyota 10.74m 3. Renault Nissan 10.06m 4. FCA-PSA merger pending 7.91m 5. GM 7.72m 6. Hyundai-Kia 7.20m 7. Ford 5.39m 8. Honda 5.17m (Honda is on pace to pass Ford in 2020) 9. Daimler 3.34m 10. Suzuki 3.01m 1999 Worldwide Sales Volume 1. GM 8.41m 2. Ford 6.64m (+ 0.97m for Mazda which Ford controlled + Volvo 0.5m which Ford purchased in 1999 = total 8.11m) 3. Toyota 5.46m 4. Daimler 4.82m (DaimlerChysler days) 5. VW 4.78m 6. Fiat 2.63m 7. PSA 2.52m 8. Nissan 2.46m 9. Honda 2.43m 10. Renault 2.35m ~~~ 13. Hyundai-Kia 1.33m
    0 points
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