Ford still in loss, to slash production, shutter plants

junkishya · 18th August 2006, 21:34

http://news.yahoo.com/s/ap/20060818/...roduction_cuts

Looks like FORD is in deeper slush than FIAT !!

theMAG · 18th August 2006, 22:35

The main difference between Ford and Fiat's then condition is that Ford's problems are primarily in their home market of North America, while Fiat's extended out to all its foreign operations as well, apart from the domestic market. Ford Europe, Ford Oceania and Ford South America are still profitable. However Ford's problem is exacerbated by the fact that North America is the world's largest car market - and to lose out there is a big blow to its bottomline.

volkman10 · 25th October 2012, 07:45

Ford to shut European Plant, more to follow!

Ford Motor Co. said it will close a Belgian assembly plant and General Motors outlined a joint product-sharing plan with a French rival as the Detroit automakers battle mounting losses in Europe. Ford is also preparing to close a plant in Britain as early as next year.

Ford has forecast that its Europe losses will top $1 billion this year, as the region braces for its biggest annual drop in car sales in 19 years

http://www.autonews.com/article/2012...#ixzz2AGzBpM5u

Jeroen · 2nd November 2012, 00:12

The Belgium Ford plant has been under threat of closure one way or the other as long as I can remember. Which is quite long as I lived less than 60 miles from it for most of my life.

Real shame and a real worry for all those who have been working at that plant. No similar jobs anywhere near that area.

Interestingly enough, of all American car manufacturers Ford is doing best. To my knowledge they were the only US manufacturer that did not require government subsidy to pull through during the last couple of years of economic crisis.

The most amazing thing is they still can claim to build the most popular car in the world; the F150. Which for all intents and purposes is a pretty awful car, seen from an European point of view, but the Americans still love it.

They don't produce the F150 in Belgium though!

Jeroen

18th August 2006, 21:34	#1
junkishya BHPian Join Date: Jul 2006 Location: Hyderabad Posts: 152 Thanked: 73 Times View My Garage	Ford still in loss, to slash production, shutter plants http://news.yahoo.com/s/ap/20060818/...roduction_cuts Looks like FORD is in deeper slush than FIAT !!
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18th August 2006, 22:35	#2
theMAG Distinguished - BHPian Join Date: May 2006 Location: Avon, CT Posts: 7,217 Thanked: 1,807 Times View My Garage	The main difference between Ford and Fiat's then condition is that Ford's problems are primarily in their home market of North America, while Fiat's extended out to all its foreign operations as well, apart from the domestic market. Ford Europe, Ford Oceania and Ford South America are still profitable. However Ford's problem is exacerbated by the fact that North America is the world's largest car market - and to lose out there is a big blow to its bottomline. Last edited by theMAG : 18th August 2006 at 22:40.
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25th October 2012, 07:45	#3
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 23,421 Thanked: 67,835 Times View My Garage	Re: Ford still in loss, to slash production, shutter plants Ford to shut European Plant, more to follow! Ford Motor Co. said it will close a Belgian assembly plant and General Motors outlined a joint product-sharing plan with a French rival as the Detroit automakers battle mounting losses in Europe. Ford is also preparing to close a plant in Britain as early as next year. Ford has forecast that its Europe losses will top $1 billion this year, as the region braces for its biggest annual drop in car sales in 19 years http://www.autonews.com/article/2012...#ixzz2AGzBpM5u
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2nd November 2012, 00:12	#4
Jeroen Distinguished - BHPian Join Date: Oct 2012 Location: Delhi Posts: 8,093 Thanked: 50,801 Times View My Garage	Re: Ford still in loss, to slash production, shutter plants The Belgium Ford plant has been under threat of closure one way or the other as long as I can remember. Which is quite long as I lived less than 60 miles from it for most of my life. Real shame and a real worry for all those who have been working at that plant. No similar jobs anywhere near that area. Interestingly enough, of all American car manufacturers Ford is doing best. To my knowledge they were the only US manufacturer that did not require government subsidy to pull through during the last couple of years of economic crisis. The most amazing thing is they still can claim to build the most popular car in the world; the F150. Which for all intents and purposes is a pretty awful car, seen from an European point of view, but the Americans still love it. They don't produce the F150 in Belgium though! Jeroen
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