1.2 billion


rsilverman

GT Owner
Mar 25, 2006
95
new jersey
Did you guys see Fords' posted losses for the first quater of the year? 1.2 billion dollars, ouch!!
They're talking about serious restructuring, I certainly hope that that doesn't entail letting go the few and far between GT techs. Well, I guess I'll have to lay off the GM comments for the time being.
 
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dbk

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
15,187
Metro Detroit
Knew it was coming. Giant one time charges are ugly, but sometimes you gotta take em to stay in biz. Ford's position is still markedly better than GM, though by no means "good".
 

Fords4life351

Permanent Vacation
Mar 22, 2006
57
Colton, CA
one of their biggest problems, if not the biggest is their outrages worker expenses, unions are purting a hurting on both FoMoCo and GM
 

dbk

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
15,187
Metro Detroit
Call me nuts, but I went in yesterday in the high 6's. The seemingly cyclical swings of the company over the past 60 months have shown resistance at that level, so why not take the plunge just in case...
 

KJD

GT Owner
Mark IV Lifetime
Dec 21, 2005
1,012
Location, Location
OK, you're nuts. Me too, I'm in at 7 and a nickel. Should be fun!