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Ford Motor Company (1 Viewer)

KnowledgeReignsSupreme said:
Did I hear the statistic correctly that Ford sales dropped by OVER 30% last month?I suppose it's a question of today's capacity versus historical recessions, but when you hear a number like that the schock reaction is "insolvent business".Thoughts?
Are you familiar with the auto industry? Toyota was down 30% in Nov...are they an "insolvent business" as well?
You're being ridiculous now.A 30% loss for Toyota and they can still turn a profit. Or they can lose money and not be insolvent. A 30% loss when you're already on the ropes can make you insolvent.So what do you do at Ford?
Did Toyota make a profit in the 4th quarter of 2008? I have not seen the numbers.I do not work for any of the Big 3, but I am amazed by the people that want these companies to fail. The number of people that would be affected is too large to comprehend.
I want companies to fail that should fail since it will make things better for us overall.
You complain about people selectively answering posts, yet you still do so yourself when convenient. Was Toyota profitable in Q4 2008?Can you please let me know what companies should fail? United AirlinesFannie Mae / Freddie MacAIGUS Government
All of them in their current form.
I don't understand your answer. What do you mean by current form?
I mean... their current form.
:towelwave: I don't think that was vague or unclear in any way. All of those organizations need to change something to remain viable. The US Government is probably the least viable out of that group, unfortunately even though they are gigantic failures they aren't going anywhere.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.

 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Yet.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Please don't bring facts into this thread.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Yet.
Hopefully they will not need it. It does seem that Ford is doing pretty well in terms of trying to turn it around and product development. They may be the only Big 3 company to make it.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Please don't bring facts into this thread.
I haven't read the whole thread, so I'm unsure whether this comment refers to my post or others in the thread. My point is that Ford is struggling and may ultimately need government assistance. As of yet, they haven't taken the bailout money, and they've made statements that they hope to not need it due to some bank loans they arranged a while back. But they've also expressly not closed the door on seeking bailout money at some point in the not so distant future. In fact, they've discussed what they would agree to if they ended up taking the money (i.e., complying with all conditions imposed, Ford CEO agreed that he would take only $1 a year in salary if they ended up taking the money, etc.).In light of their struggles, and the potential that Ford may need to seek bailout money in the near future, it just seemed like a bad idea to have 100 Ford employees hanging out at a luxury resort all wearing Ford nametags. As I stated, a company paid resort vacation may very well be justified. But I don't see the upside in advertising it to the world.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
These were not Ford employees. This was a Senior Master Technician cruise. To become a senior master technician you need to have have taken over 300 hours of classroom training courses above and beyond the normal ASE certifications. There are also an additional 50+ web based courses that take 2-3 hours each. Once a technician aquires all of the courses he is a Master Technician. After 5 years of Master certification, they become Senior Masters. They are then awarded the three day cruise. Ford does pay for them and a guest. They are given shirts and gifts. It is a great program and one I hope to see continued.Many of the travel awards have been limited in the last two years and some other programs will see the axe as well.Having well trained technicians saves Ford money in the long run with less repeat repairs and better customer satisfaction.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Please don't bring facts into this thread.
I haven't read the whole thread, so I'm unsure whether this comment refers to my post or others in the thread. My point is that Ford is struggling and may ultimately need government assistance. As of yet, they haven't taken the bailout money, and they've made statements that they hope to not need it due to some bank loans they arranged a while back. But they've also expressly not closed the door on seeking bailout money at some point in the not so distant future. In fact, they've discussed what they would agree to if they ended up taking the money (i.e., complying with all conditions imposed, Ford CEO agreed that he would take only $1 a year in salary if they ended up taking the money, etc.).In light of their struggles, and the potential that Ford may need to seek bailout money in the near future, it just seemed like a bad idea to have 100 Ford employees hanging out at a luxury resort all wearing Ford nametags. As I stated, a company paid resort vacation may very well be justified. But I don't see the upside in advertising it to the world.
You are damned if you do and damned if you do not.From those less informed about what is going on with the so called big 3, they may just have the same reaction as bigbottom. Perception is reality. It does not matter if Ford did or did not take money, there will be the perception of many who only have a passing understanding of the situation that they were handed free money from the government and now are spending it on vacation ala AIG. But if they went all hush hush like then there would likely be a story about how the company knew they ought not do it but were doing it anyway. Or kind of a 'what are you hiding' type of questions to be asked. I think the middle ground would have been to issue generic name tags. If people wore Ford shirts then they that is up to them. Try to tone down the normal brand splattering all over these type of events (I have gone to similar one's and usually the company's logo is everywhere- signs, knick knacks, shirts, etc) but at the same time, not try to make it look like that is what you are doing.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
These were not Ford employees. This was a Senior Master Technician cruise. To become a senior master technician you need to have have taken over 300 hours of classroom training courses above and beyond the normal ASE certifications. There are also an additional 50+ web based courses that take 2-3 hours each. Once a technician aquires all of the courses he is a Master Technician. After 5 years of Master certification, they become Senior Masters. They are then awarded the three day cruise. Ford does pay for them and a guest. They are given shirts and gifts. It is a great program and one I hope to see continued.Many of the travel awards have been limited in the last two years and some other programs will see the axe as well.

Having well trained technicians saves Ford money in the long run with less repeat repairs and better customer satisfaction.
The folks I talked to said they were Ford employees. :thumbdown: Even if they worked for Ford dealerships instead, and Ford Motor Company was simply footing the bill for their vacations, I still don't see the upside for them to be wearing Ford nametags at a luxury resort. Do you?Here's a link to the group that was at the resort.

 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
Ford did not take the bailout.
Please don't bring facts into this thread.
I haven't read the whole thread, so I'm unsure whether this comment refers to my post or others in the thread. My point is that Ford is struggling and may ultimately need government assistance. As of yet, they haven't taken the bailout money, and they've made statements that they hope to not need it due to some bank loans they arranged a while back. But they've also expressly not closed the door on seeking bailout money at some point in the not so distant future. In fact, they've discussed what they would agree to if they ended up taking the money (i.e., complying with all conditions imposed, Ford CEO agreed that he would take only $1 a year in salary if they ended up taking the money, etc.).In light of their struggles, and the potential that Ford may need to seek bailout money in the near future, it just seemed like a bad idea to have 100 Ford employees hanging out at a luxury resort all wearing Ford nametags. As I stated, a company paid resort vacation may very well be justified. But I don't see the upside in advertising it to the world.
You are damned if you do and damned if you do not.From those less informed about what is going on with the so called big 3, they may just have the same reaction as bigbottom. Perception is reality. It does not matter if Ford did or did not take money, there will be the perception of many who only have a passing understanding of the situation that they were handed free money from the government and now are spending it on vacation ala AIG. But if they went all hush hush like then there would likely be a story about how the company knew they ought not do it but were doing it anyway. Or kind of a 'what are you hiding' type of questions to be asked. I think the middle ground would have been to issue generic name tags. If people wore Ford shirts then they that is up to them. Try to tone down the normal brand splattering all over these type of events (I have gone to similar one's and usually the company's logo is everywhere- signs, knick knacks, shirts, etc) but at the same time, not try to make it look like that is what you are doing.
Right. I see no upside to having everyone wear Ford nametags around a luxury resort for four days. Ford signage was also visible throughout the resort. My only observation was that I would think they'd be just a little more discreet. All the Ford folks were a topic of conversation by the non-Ford folks at the resort. I wouldn't think that is the kind of publicity you'd be seeking. Ford also had a camera crew there filming all the arrivals.
 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
These were not Ford employees. This was a Senior Master Technician cruise. To become a senior master technician you need to have have taken over 300 hours of classroom training courses above and beyond the normal ASE certifications. There are also an additional 50+ web based courses that take 2-3 hours each. Once a technician aquires all of the courses he is a Master Technician. After 5 years of Master certification, they become Senior Masters. They are then awarded the three day cruise. Ford does pay for them and a guest. They are given shirts and gifts. It is a great program and one I hope to see continued.Many of the travel awards have been limited in the last two years and some other programs will see the axe as well.

Having well trained technicians saves Ford money in the long run with less repeat repairs and better customer satisfaction.
The folks I talked to said they were Ford employees. :goodposting: Even if they worked for Ford dealerships instead, and Ford Motor Company was simply footing the bill for their vacations, I still don't see the upside for them to be wearing Ford nametags at a luxury resort. Do you?Here's a link to the group that was at the resort.
The majority of dealership technicians are very proud to be associated with Ford. Ford was hosting the event and the nametags would be logo'd. The upside would be that these people came together from around the country and don't know each others names. The Ford logo would let them know they were part of the same group and let them into events. The only reason this is an issue is that AIG spents 20K/employee after taking 100B+ bailout. Ford has taken no money, the trips were already promised, and it made many techinicians very happy.Unfortunately, perceptions will prevent future events like this from occuring.

 
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I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
These were not Ford employees. This was a Senior Master Technician cruise. To become a senior master technician you need to have have taken over 300 hours of classroom training courses above and beyond the normal ASE certifications. There are also an additional 50+ web based courses that take 2-3 hours each. Once a technician aquires all of the courses he is a Master Technician. After 5 years of Master certification, they become Senior Masters. They are then awarded the three day cruise. Ford does pay for them and a guest. They are given shirts and gifts. It is a great program and one I hope to see continued.Many of the travel awards have been limited in the last two years and some other programs will see the axe as well.

Having well trained technicians saves Ford money in the long run with less repeat repairs and better customer satisfaction.
The folks I talked to said they were Ford employees. :coffee: Even if they worked for Ford dealerships instead, and Ford Motor Company was simply footing the bill for their vacations, I still don't see the upside for them to be wearing Ford nametags at a luxury resort. Do you?Here's a link to the group that was at the resort.
The majority of dealership technicians are very proud to be associated with Ford. Ford was hosting the event and the nametags would be logo'd. The upside would be that these people came together from around the country and don't know each others names. The Ford logo would let them know they were part of the same group and let them into events. The only reason this is an issue is that AIG spents 20K/employee after taking 100B+ bailout. Ford has taken no money, the trips were already promised, and it made many techinicians very happy.Unfortunately, perceptions will prevent future events like this from occuring.
Right, perception counts. So whether you're spending $2,000 per or $20,000 per for a luxury vacation, you should be aware of that perception. They could have easily had nametags and signage with the "Professional Technician Society" logo, and none of us would have been the wiser. If and when Ford asks for bailout money, the fact that they're dropping cash on luxury vacations may be an issue for some. Why go out of your way to publicize it?
 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).

Expedition issues (less than 65 K miles)-

Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).

All 8 coils failed.

Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).

Bad sensor in the passenger door - so it always lights up the door ajar panel light.

Brake replacement and brake dust issues constantly.

Rear passenger door locks don't work (power locks = manual locks).

Gas guzzler (at least I knew about this from the get go).

On the third battery.

Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.

 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).Expedition issues (less than 65 K miles)-Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).All 8 coils failed.Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).Bad sensor in the passenger door - so it always lights up the door ajar panel light.Brake replacement and brake dust issues constantly.Rear passenger door locks don't work (power locks = manual locks).Gas guzzler (at least I knew about this from the get go).On the third battery.Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.
Where do you have the vehicle maintained?
 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).Expedition issues (less than 65 K miles)-Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).All 8 coils failed.Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).Bad sensor in the passenger door - so it always lights up the door ajar panel light.Brake replacement and brake dust issues constantly.Rear passenger door locks don't work (power locks = manual locks).Gas guzzler (at least I knew about this from the get go).On the third battery.Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.
Where do you have the vehicle maintained?
Started out with Ford dealership. Made the mistake of using Firestone (for the second alternator replacement and the subsequent issues with two coils...which led to going to Sparks to resolve the coil issues). My biggest problem is I know virtually nothing about cars (not a man card requirement when mine was issued fortunately) so a lot of the problems stem from me having no idea what to do when something goes wrong with the vehicle.
 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).

Expedition issues (less than 65 K miles)-

Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).

All 8 coils failed.

Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).

Bad sensor in the passenger door - so it always lights up the door ajar panel light.

Brake replacement and brake dust issues constantly.

Rear passenger door locks don't work (power locks = manual locks).

Gas guzzler (at least I knew about this from the get go).

On the third battery.

Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.
Where do you have the vehicle maintained?
Started out with Ford dealership. Made the mistake of using Firestone (for the second alternator replacement and the subsequent issues with two coils...which led to going to Sparks to resolve the coil issues). My biggest problem is I know virtually nothing about cars (not a man card requirement when mine was issued fortunately) so a lot of the problems stem from me having no idea what to do when something goes wrong with the vehicle.
Generally the dealership is going to use the best equipment for your vehicles. I did not see anything listed in TSB for your 03 Expedition to suggest the alternator needed to be replaced. There was a TSB for a wiring harness if the following symptoms occured:Intermittent Driveability Concerns

Intermittent Flickering Of The Charging System Warning Indicator

Malfunction Indicator Lamp (MIL) On With DTC's P0620 And/Or P0320 In Memory

This would have been covered by your 3/36 new warranty or your 8/80 emmissions warranty.

My concern would be a mis diagnosed alternator would also take down your coils. The battery may or may not be related, but they are all involved in your charging system. Ford would cover any consequential damage that resulted in the failure of a covered part, something the aftermarket does not offer.

Brakes do wear quicker on an Expedition, but that makes sense on a vehicle of that size. I'd expect to replace pads every 30-40K miles on that vehicle. There was an early concern on brake dust, but we had an updated part that solved that issue.

Motorcraft covers their batteries for 3/36 miles. If the battery is replaced with in 3 years, it starts the 3 years over. If you purchase a battery, it comes with a 3 year full replacement, 100 month prorated warranty that covers labor and towing. What type of batteries were in your truck?

Sorry about the sensors, things do go bad. I've had better luck with my vehicles.

Current Service specials, as well as any recall notices can be found here: Ford Genuine Service

 
I just got back from a resort in Cancun. There were 50-100 Ford employees, plus spouses, staying at the resort. These weren't execs, however. They were "professional technicians" that work for Ford. I'm guessing it was some sort of reward for Ford's best techs. In any event, they wore Ford logo shirts, and Ford name tags the majority of the time, which I thought was bad form given the bail out situation. It very well could have been a justified resort vacation, but had I been running things, I would have had the attendees be a little more discreet.
These were not Ford employees. This was a Senior Master Technician cruise. To become a senior master technician you need to have have taken over 300 hours of classroom training courses above and beyond the normal ASE certifications. There are also an additional 50+ web based courses that take 2-3 hours each. Once a technician aquires all of the courses he is a Master Technician. After 5 years of Master certification, they become Senior Masters. They are then awarded the three day cruise. Ford does pay for them and a guest. They are given shirts and gifts. It is a great program and one I hope to see continued.Many of the travel awards have been limited in the last two years and some other programs will see the axe as well.

Having well trained technicians saves Ford money in the long run with less repeat repairs and better customer satisfaction.
The folks I talked to said they were Ford employees. :unsure: Even if they worked for Ford dealerships instead, and Ford Motor Company was simply footing the bill for their vacations, I still don't see the upside for them to be wearing Ford nametags at a luxury resort. Do you?Here's a link to the group that was at the resort.
The majority of dealership technicians are very proud to be associated with Ford. Ford was hosting the event and the nametags would be logo'd. The upside would be that these people came together from around the country and don't know each others names. The Ford logo would let them know they were part of the same group and let them into events. The only reason this is an issue is that AIG spents 20K/employee after taking 100B+ bailout. Ford has taken no money, the trips were already promised, and it made many techinicians very happy.Unfortunately, perceptions will prevent future events like this from occuring.
Right, perception counts. So whether you're spending $2,000 per or $20,000 per for a luxury vacation, you should be aware of that perception. They could have easily had nametags and signage with the "Professional Technician Society" logo, and none of us would have been the wiser. If and when Ford asks for bailout money, the fact that they're dropping cash on luxury vacations may be an issue for some. Why go out of your way to publicize it?
Ford doesn't need a bail out. They aren't even close to being in the situation that GM and Chrysler are in. But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none.
 
Toyota loses money

Toyota(TM Quote - Cramer on TM - Stock Picks), Japan's largest automaker, revised its earnings forecasts lower saying it expects net income for the fiscal year ending in March to total 50 billion yen ($555.8 million) compared with a previous forecast of 550 billion yen.



Toyota also said Monday it expects a fiscal-year operating loss of 150 billion yen compared with a previous operating profit forecast of 600 billion yen as global demand for cars slides and the yen rises against the dollar.

It would be the automaker's first operating loss ever for the fiscal year through March. The company began reporting operating figures in 1941.

Toyota earned 1.7 trillion yen earned the previous year.

"The change that has hit the world economy is of a critical scale that comes once in a hundred years," President Katsuaki Watanabe said at the company's Nagoya office. The drop in vehicle sales over the last month was "far faster, wider and deeper than expected."

Sinking sales in the U.S. in the wake of the financial crisis have dealt a heavy blow to Japanese automakers. But Watanabe said that emerging markets, which had held up in the beginning, were also slowing down now.

The surging yen, which erodes overseas earnings, has battered profits. The dollar has fallen to 13-year lows of about 90 yen recently.

This is the second time Toyota has reduced it annual earnings forecast this year. Initially, it had been projecting 1.25 trillion yen ($13.9 billion) in profit for the year through March 2009, but last month it reduced that to 550 billion yen before chopping it further Monday.

Toyota now expects to sell 8.96 million vehicles around the world this calendar year, down 4% from a year earlier. And unlike previous years, Watanabe gave no goal for 2009.

In July, Toyota lowered its global vehicle sales target for 2008 to 9.5 million from an initial 9.85 million. Last year, it sold 9.37 million vehicles around the world.

Toyota also lowered its sales forecast for the fiscal year through March to 21.5 trillion yen ($239 billion), down about 18% from its earlier projection at 23 trillion yen ($256 billion).

There were reports from Japanese media over the weekend that Toyota planned to slash its dividend but the company said nothing about that in a statement Monday.

Another article says Toyota North America is poised to lose $350M in 2008. Looks like they cannot turn a profit in this market either.

 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers? I don't understand why you're responding in such a snide matter to what I think was a pretty uncontroversial post. I acknowledged that the luxury resort vacation may very well be justified. I was simply commenting that it would have been a better PR move to be a little more discreet. Public perception in this climate matters. Mulally himself has acknowledged this:
Another contentious point that arose during the congressional hearing was executive pay. When Mulally was asked about his $22 million executive compensation package and whether he'd be willing to cut his salary, he said, "I think I'm OK where I am."

William Ford says he hasn't taken any compensation in the last four years, and the company is talking with Mulally and the compensation committee about this point.

"We are very sensitive to public opinion, and it's something that we're on top of," he says.

And then there was the issue of the Big Three CEOs flying to Washington, D.C., on private luxury jets. Ford says he "gets" that it was the wrong signal to send to taxpayers.
Link
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford? Why are you lumping in Ford and not Toyota? You are the one that keeps making the point of including a company that did not ask for money. How many times must your mistake be pointed out?
 
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I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford?
Yes.
Why are you lumping in Ford and not Toyota?
Because the Ford CEO is the one who was seeking a line of credit from U.S. taxpayers and the Toyota CEO was not.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford?
Yes.
Why are you lumping in Ford and not Toyota?
Because the Ford CEO is the one who was seeking a line of credit from U.S. taxpayers and the Toyota CEO was not.
Ford did not take any money from the taxpayers.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford? Why are you lumping in Ford and not Toyota? You are the one that keeps making the point of including a company that did not ask for money. How many times must your mistake be pointed out?
Please quote my mistake.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford?
Yes.
Why are you lumping in Ford and not Toyota?
Because the Ford CEO is the one who was seeking a line of credit from U.S. taxpayers and the Toyota CEO was not.
Ford did not take any money from the taxpayers.
I didn't say that they did. I stated that the Ford CEO was asking for a line of credit from the government.
 
Last edited by a moderator:
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford? Why are you lumping in Ford and not Toyota? You are the one that keeps making the point of including a company that did not ask for money. How many times must your mistake be pointed out?
Please quote my mistake.
"As of yet, they haven't taken the bailout money"
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford? Why are you lumping in Ford and not Toyota? You are the one that keeps making the point of including a company that did not ask for money. How many times must your mistake be pointed out?
Please quote my mistake.
"As of yet, they haven't taken the bailout money"
Again, please quote my mistake. I never said they took they bailout money. They have asked for a line of credit from the government, so taxpayer money is available if they need it.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Did the Toyota CEO testify before Congress a month and a half ago asking for a line of credit from U.S. taxpayers?
Did Ford? Why are you lumping in Ford and not Toyota? You are the one that keeps making the point of including a company that did not ask for money. How many times must your mistake be pointed out?
Please quote my mistake.
"As of yet, they haven't taken the bailout money"
Again, please quote my mistake. I never said they took they bailout money. They have asked for a line of credit from the government, so taxpayer money is available if they need it.
Ford doesn't need it. Maybe if it gets to a point where they do need it, then they'll start cancelling reward vacations. Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none.
 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).

Expedition issues (less than 65 K miles)-

Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).

All 8 coils failed.

Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).

Bad sensor in the passenger door - so it always lights up the door ajar panel light.

Brake replacement and brake dust issues constantly.

Rear passenger door locks don't work (power locks = manual locks).

Gas guzzler (at least I knew about this from the get go).

On the third battery.

Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.
Where do you have the vehicle maintained?
Started out with Ford dealership. Made the mistake of using Firestone (for the second alternator replacement and the subsequent issues with two coils...which led to going to Sparks to resolve the coil issues). My biggest problem is I know virtually nothing about cars (not a man card requirement when mine was issued fortunately) so a lot of the problems stem from me having no idea what to do when something goes wrong with the vehicle.
Generally the dealership is going to use the best equipment for your vehicles. I did not see anything listed in TSB for your 03 Expedition to suggest the alternator needed to be replaced. There was a TSB for a wiring harness if the following symptoms occured:Intermittent Driveability Concerns

Intermittent Flickering Of The Charging System Warning Indicator

Malfunction Indicator Lamp (MIL) On With DTC's P0620 And/Or P0320 In Memory

This would have been covered by your 3/36 new warranty or your 8/80 emmissions warranty.

My concern would be a mis diagnosed alternator would also take down your coils. The battery may or may not be related, but they are all involved in your charging system. Ford would cover any consequential damage that resulted in the failure of a covered part, something the aftermarket does not offer.

Brakes do wear quicker on an Expedition, but that makes sense on a vehicle of that size. I'd expect to replace pads every 30-40K miles on that vehicle. There was an early concern on brake dust, but we had an updated part that solved that issue.

Motorcraft covers their batteries for 3/36 miles. If the battery is replaced with in 3 years, it starts the 3 years over. If you purchase a battery, it comes with a 3 year full replacement, 100 month prorated warranty that covers labor and towing. What type of batteries were in your truck?

Sorry about the sensors, things do go bad. I've had better luck with my vehicles.

Current Service specials, as well as any recall notices can be found here: Ford Genuine Service
Thank you very much for your research on this matter. You need to move to Omaha and my experience with Ford would be MUCH better. I do appreciate the time you took and it makes me feel like people really do care about the consumer.
 
Up until my current vehicle, I have always bought Ford products and been satisfied with their product. However, my current vehicle is a 2003 Expedition and it has been nothing but one headache after another. As soon as I can get ANYTHING approaching decent value in a trade-in I am dumping it and going with a Honda (my wife drives a Honda Pilot and we have had exactly 0 maintenance issues with it in 4 years).

Expedition issues (less than 65 K miles)-

Alternator replaced twice, unfortunately Ford put out as tech spec AFTER I had it replaced and the replacement alternator was on the tech spec...turns out it sends the wrong diagnostic codes (plus the added bonus of always having the battery panel light lit up).

All 8 coils failed.

Windshield has been chipped twice, both times leading to webbing (I am told that their windshield have a tendency to do that - something about the way they are seated).

Bad sensor in the passenger door - so it always lights up the door ajar panel light.

Brake replacement and brake dust issues constantly.

Rear passenger door locks don't work (power locks = manual locks).

Gas guzzler (at least I knew about this from the get go).

On the third battery.

Any of these things by themself aren't that bad - but it just seems we are constantly repairing it.
Where do you have the vehicle maintained?
Started out with Ford dealership. Made the mistake of using Firestone (for the second alternator replacement and the subsequent issues with two coils...which led to going to Sparks to resolve the coil issues). My biggest problem is I know virtually nothing about cars (not a man card requirement when mine was issued fortunately) so a lot of the problems stem from me having no idea what to do when something goes wrong with the vehicle.
Generally the dealership is going to use the best equipment for your vehicles. I did not see anything listed in TSB for your 03 Expedition to suggest the alternator needed to be replaced. There was a TSB for a wiring harness if the following symptoms occured:Intermittent Driveability Concerns

Intermittent Flickering Of The Charging System Warning Indicator

Malfunction Indicator Lamp (MIL) On With DTC's P0620 And/Or P0320 In Memory

This would have been covered by your 3/36 new warranty or your 8/80 emmissions warranty.

My concern would be a mis diagnosed alternator would also take down your coils. The battery may or may not be related, but they are all involved in your charging system. Ford would cover any consequential damage that resulted in the failure of a covered part, something the aftermarket does not offer.

Brakes do wear quicker on an Expedition, but that makes sense on a vehicle of that size. I'd expect to replace pads every 30-40K miles on that vehicle. There was an early concern on brake dust, but we had an updated part that solved that issue.

Motorcraft covers their batteries for 3/36 miles. If the battery is replaced with in 3 years, it starts the 3 years over. If you purchase a battery, it comes with a 3 year full replacement, 100 month prorated warranty that covers labor and towing. What type of batteries were in your truck?

Sorry about the sensors, things do go bad. I've had better luck with my vehicles.

Current Service specials, as well as any recall notices can be found here: Ford Genuine Service
Thank you very much for your research on this matter. You need to move to Omaha and my experience with Ford would be MUCH better. I do appreciate the time you took and it makes me feel like people really do care about the consumer.
Example #12,362 of why the FFA kicks ###. Good people roaming around here.
 
Meanwhile the blowtards at GM are pimping a $40000 Volt, while Toyota and Honda pimp their rides at almost 1/2 the cost.

Honda Motor Co. said the Insight will have a lower price than the Civic Hybrid, which has a base price of $23,650. The 2009 version of the Prius starts at $22,000.

http://finance.yahoo.com/news/Toyota-unvei...f-14031950.html

Just let these idiots go bellyup already.
Do you understand that you are comparing two completely different types of cars. The volt doesn't need gas at all. The volt will likely be under 35k and will go down after a couple of years.
 
Meanwhile the blowtards at GM are pimping a $40000 Volt, while Toyota and Honda pimp their rides at almost 1/2 the cost.

Honda Motor Co. said the Insight will have a lower price than the Civic Hybrid, which has a base price of $23,650. The 2009 version of the Prius starts at $22,000.

http://finance.yahoo.com/news/Toyota-unvei...f-14031950.html

Just let these idiots go bellyup already.
Do you understand that you are comparing two completely different types of cars. The volt doesn't need gas at all. The volt will likely be under 35k and will go down after a couple of years.
Was going to post the same response, but the original post was so out of wack, I just decided to ignore it and let it pass.It's like saying, Hey, they are charging so much for the new iPhone, but I can get an older LG phone for $60.

 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
Ford wants them to get the bailout.
 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
Ford wants them to get the bailout.
Now that you mention it, if I were Ford, I'd want them to get the bailout too. But not for the reasons the big 3 apologists would suggest.
 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
Ford wants them to get the bailout.
Now that you mention it, if I were Ford, I'd want them to get the bailout too. But not for the reasons the big 3 apologists would suggest.
What does that even mean?
 
Death Bytes said:
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Death Bytes said:
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
Ford wants them to get the bailout.
Now that you mention it, if I were Ford, I'd want them to get the bailout too. But not for the reasons the big 3 apologists would suggest.
What does that even mean?
It means I'd want them to get the bailout too. But not for the reasons the big 3 apologists would suggest.
 
Leroy Hoard said:
I guess Toyota employees better not show up at any resorts wearing nametags either.
Maybe you should stop taking guesses. As long as Toyota is not asking for money in any shape from the government (Ford still did ask for a credit line to tap in the future if needed) then Toyota can do whatever it wants in sending employees to resorts and have no fear of PR issues. Banks or American car makers on the other hand, ought to think through these type of things.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Maybe you should stop taking guesses. As long as Toyota is not asking for money in any shape from the government (Ford still did ask for a credit line to tap in the future if needed) then Toyota can do whatever it wants in sending employees to resorts and have no fear of PR issues.

Banks or American car makers on the other hand, ought to think through these type of things.
To be clear, Toyota is not taking money from the United States government.
 
Ford doesn't need a bail out. True They aren't even close to being in the situation that GM and Chrysler are in. True But if the fed is going to be handing out money to GM and Chrysler, Ford ain't just gonna stand by and watch it's competition get free money from the fed while they get none. False
Ford would only need it if the fed gave it to GM and Chrysler, because then Ford's competion would have an advantage over Ford. The Fed can't give it to two without screwing over the one. It's either all three or none. Totally False
You don't think giving GM/Chrysler a bailout would be unfair to Ford?
A bailout to GM and Chrysler and not Ford would be totally fair. Ford is not in a position that it needs the cash. Unless the cash on hand position changes dramatically, we'll be OK. Ford was mostly there to show support for GM and Chrysler. Honda and Toyota want to see these US companies survive as well.If the economy tanks further than projected (SAAR of under 11.5 million) than a LOC for Ford might be neccessary. It would not be needed until the end of '09 at the earliest.

Initial reports for January sales are the Ford dealers seem to be rebounding quicker than the others. I was at Barrett Jackson in Scottsdale on Monday night for the Gala and again Tuesday night for 6 hours. Talking to customers, they are happy that Ford has not taken a buyout and are looking more closely at our products. We had a 2010 Fusion Hybrid on display, as well as the new 2010 Mustang GT500 and the 2010 SVT Raptor. With the new product we will have launched from summer 2008 to summer 2010, Ford has a lot to be excited about.

 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Maybe you should stop taking guesses. As long as Toyota is not asking for money in any shape from the government (Ford still did ask for a credit line to tap in the future if needed) then Toyota can do whatever it wants in sending employees to resorts and have no fear of PR issues.

Banks or American car makers on the other hand, ought to think through these type of things.
To be clear, Toyota is not taking money from the United States government.
And hence, it is ok for them to do whatever they want when taking into consideration the PR ramifications here in the states. As long as US tax money is going to help American car companies then they need to be good stewards of that money or face the consequences. And to be clear, being a good steward of the money also means taking into consideration the appearances of what is happening with the money. If American car companies can not understand that then it tells us a whole lot about the disconnect that they have with the American consumer.
 
I guess Toyota employees better not show up at any resorts wearing nametags either.
Maybe you should stop taking guesses. As long as Toyota is not asking for money in any shape from the government (Ford still did ask for a credit line to tap in the future if needed) then Toyota can do whatever it wants in sending employees to resorts and have no fear of PR issues.

Banks or American car makers on the other hand, ought to think through these type of things.
To be clear, Toyota is not taking money from the United States government.
And hence, it is ok for them to do whatever they want when taking into consideration the PR ramifications here in the states. As long as US tax money is going to help American car companies then they need to be good stewards of that money or face the consequences. And to be clear, being a good steward of the money also means taking into consideration the appearances of what is happening with the money. If American car companies can not understand that then it tells us a whole lot about the disconnect that they have with the American consumer.
I agree with you that appearance is everything in these cases. I think companies were already supposed to be good stewards of their money for their stockholders, employees, and board of directors. If I find out Starbucks drops 200K on lapdances, I'm not going to be happy.Many of the domestic automakers have support from their government. Renault is owned by the French government, and they also own 40+% of Nissan. Germany, Japan, and Sweden support their manufacturers. Japan has enjoyed favorable trade terms for years. Their citizens don't look down on government investment in these companies.

In theory, I'm against big government and bailouts. The cluster of TARP so far is maddening. The lack of a small government candidate in the last election is maddening. The decline of manufacturing in the United States and the seeming indifference of our citizens is maddening. Hopefully the credit markets thaw and some consumer confidence finds its way back into the economy.

 

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