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    • February Auto Sales Hit Another Pothole [view article]
      From an inside view at ford, the 7% slump in sales is just the beginning. The tactics being made to reverse the negative issues are just avenues to open doors of new problems within the company. One idea was to use the 2006 ford 500 and put the well known taurus name plate on it for higher sales. Well that didn't work. Another was to advertise the safety of ford vehicles whether they are safe or not, and at the same time gas prices are on a constant incline. And my favorite is the restructure of employees at ford assembly plants. Some benefits were taken away, quality issues arised. hours were taken away, then production became an issue. UAW and the executives at ford had a great idea. Let's create our own in-house temporary agency and hire so many hundreds of people at half the salary, add to their jobs so that we can eliminate some jobs. No benefits, no seniority, no promise to any permanent positions. While at the same time over $250.000 weekly was being saved and the required production is still being met. If a temporary part timer get hurt on the job, a possible termination follows that injury. So you can imagine how many employees are performing their overloaded jobs with injuries and are afraid to say anything. Fords market cap launched from $18B to $13B in 6 months. $9 to $6 per share in the same amount of time. With the issues arriving from UAW and Ford, the question should be to the execs. how many more months do you plan to stay active in the auto industry? 24,36,or 48. Economic problems can't and won't be fixed over night. with bad product, less jobs, there's a shortage in sales. The realestate market is bad with national high forclosure rates, the credit bureau increased the numbers for low risk, one income in a household is unheard of these days, salary caps are being lowered, while gas, electricity, and taxes are being raised. Is there light at the end of the tunnel? Mar 07 11:30 AM
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