furious2auto

This could not be good for business is what the article is saying and for the economy. As the article stated Michigan is Not a right to work state, with me so far. Union members are required to pay dues to their union, therefore being arbitrating(binding), still with me. If you're a union you'd want to expand knowing this. Big plus for the unions very bad for the company. Given the publics dislike for unions already along with companies dislike for unions. Smaller manacturing firms will pack up there bags and leave Michigan or shut the doors for good (you dont want that) and any other states that are Not right to work states. Still with me. So what they are saying simply is businesses will leave. How does this affect us you may ask? There are many non-union suppliers that make parts for the auto companies if they falter, domino effect baby.

Exactly they are making money and we're not after April 1st no more time and half and less break. Gotta love it!!

Sorry to hear that.

Woke up this morning and as usual turn on fox news to hear all the latest BS. Bailout this bailout that obama this obama that. Hail to the king Rush Limbaugh, Yada, Yada, Yada. But oh way there was a promising story they were willing to report. Mark Fields was on the show explaining the praise for not taking government money and the whole Ford must be doing things right. So they begin asking him how they are able to do this in these times. He responded with the whole give it the way fox wants to hear way. Then they ask about the UAW's contribution to this in any way. If me and my wife weren't shock there wasn't credit given to the UAW for the recent concessions given back wasn't a surprise to me but enraged me that it wasn't mentioned once. Not even a yes we have been working together to get the company turned around PR bull. So there you have it.

There's no doubt about it these are hard times and we are in a dire position. I truly can say for the company this is an opportuned time for them to take what they want. I am just sadden that it's being done in the most deceitful way with the assistance of our IUAW. I just really want the brothers and sisters to realize that it doesn't take long to fall. But just as union brothers fought so long ago for what we are losing don't think that it won't be another fight to achieve such the indulgence we are accustom to now. When the things turn around don't think for one moment the company will easily return in great gesture a pay raise or bonus for helping turn their company around.

I know that was funny sh**!

Here's a link I came across today about navistar and ford. Navistar to build diesel's through the 09 year then what. Does anyone know if Ford is making their own diesel engine now and where? No more diesel build or what. http://biz.yahoo.com/ap/090127/navistar_pl...osure.html?.v=2

We got our bulletin Thurs stating the same as well, so pretty sure it's gonna be company wide.

Well let's see this is my 5th semester and I usually take anywhere from 6-9/ch per semester at a cost of $580-680 give or take depending on fees, ect. Books coming out of my pocket minus the 200 reimburstment per year, which is far below what it cost me in the book store for books, but I can't complain every bit helps. So I agree 8-15 million dollars is a bit much for Ford unless it may be including all the Big 3. And the would have to mean [b]alot [/b]of people are making use of ETAP.

It's funny this topic is being talked about, because I was in my economics class Monday and came across this sections which had only a brief overview on Pension funds. Get this Pension funds are part of the U.S. Major Financial Institutions, which means pensions are spread out through the financial system. As most of us know Pension Plans is a promise by a person plan sponsor (Ford Motor Company) to a plan member to provide a person upon retirement. Pension plans usually hire an outside investment manager to invest the plan assets. Pension funds, insurance firms, and particularly securities firms and mutual fund companies expanded their shares of financial assets, (What this means is they participate more fully in national and international stock and bond markets, investing those assets how they see fit to make money). This is how companies are able to make retirement payments. Do you think they are saying Bankruptcy is not an option for a reason? CSMJ Posted Yesterday, 11:04 AM QUOTE (forddaughter @ Nov 19 2008, 10:53 AM) Health insurance will be gone right? For Retirees. bankrupcy laws cut retiree insurance 100% of the time. This is true given the circumstances or type of bankruptcy 7 vs 11. Lastly Pension Plans are regulated by governments.

UAW hires former GM advisor to help; I quote "level the playing field" in any discussions about changes in its current contract that could be needed in a tie-up of the 2 auto makers. Think about this the big 3 model after one another in some aspect. They all are hurting in some way, shape, or form. Pure economics states an industry (Automotive--us) is a group of one or more firms that produce identical or similar products. In this case all three being competitive and hurting for sales. Everyone knows whose the first to be blamed when corporate exec's aren't getting their big bonuses (The Union). So don't think for one moment if GM and Chrysler reopens their language, that Billy isn't knocking at Gettelfinger's doorstep for the same deal. F a phone call.

QUOTE (kalu @ Oct 21 2008, 06:08 PM) Thats a huge loss, I don't see why he would sell so cheap, something has to be up. What would happen to his shares if Ford filed for bankrupcy? Would he be able to sell them at that time??? Whenever a companies stock prices fall it's not good. (Company is losing money, Shareholder is not making money) Obviously Kerkorian is not the average 401k inverstor (You and I), he's a major player in a poker game called the (stock market). If the chips haven't been falling your way in the game you take what you have left and leave the game before all is lost. Ford stock is at a dangerous low level. But to answer your question if Ford filed for Bankruptcy the shareholder keeps their worthless shares, because they own part of a Bankrupt Corporation. Nothing left to do but hold on to them and hope whoever, whatever, and however they recover their value to occur.