This automaker is logging a smashing year
Ford is the only Detroit automaker that escaped the financial crisis relatively unscathed, and it's now more profitable at lower production levels.
Of Detroit's Big Three, Ford is the only company to escape the financial meltdown unscathed. Chrysler is now a subsidiary of Fiat, and General Motors (GM) was bailed out by the U.S. government, only returning to public markets in late 2010.
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The Manufactures seem to be doing fine as the case may be....How we got this point at this time is almost MOOT....And should be in the Rear view mirror, moving forward.
All the Big Three had Federal funds around the time of the bailouts, Ford was not an exception and had received monies before the others(in the past year or two)....Just is not noted well in history...
The other two getting bigger injections to save the manufacturing, or a large portion of it, that we still had left in the U.S. Near a million jobs may have been saved(?) plus Millions of family members could still go living a half way decent life...Ma&Pa stores, Bars, Restaurants, Small shops, Retirees, Auto parts Suppliers, Car Dealers, Banks and even School systems benefitted in many ways...That are unseen.
Detroit didn't fair as well lately, but they had been crumbling since the latter 70s.
Dealers are probably doing better today, because of less competition; Many were closed during the downturn, others just went out of business.
The whole business structure...Has learned to do more with less and so far I personally consider it a success..Go Ford, Go Chevy and I guess, go Chrysler; But is it really Chrysler as we know it??
Fact, the US Auto makers are far better positioned profit wise. Fact, US Auto makers don't need sales to move up from here to be profitable and can stay profitable in a much more narrow annual range then before. Fleets are getting older because autos are getting better. Yet I still see plenty of new cars. Seems they either stay in style longer because that, my that looks dated is mostly gone. Luxury CAR sales have gone through the Roof, year over year over year. Euro-zone has been the big drag. If not, US auto companies would be doing even better. So until the next cyclical recession, enjoy the rise.
Everyone knows that these vehicles wear out and need replacing - also, the company got smaller and so did its vehicles. Thus they are selling well due to higher mileage based on the smaller size. Remember the first energy crisis in 1972 - One Ford word "PINTO"
Dave, give me some facts if you well. "Regardless of how we got there"? It entirely overrides your comment ..... explain to me how this works. Even the voice on the premise here has no clue....
Some kind of "math"? "Going forward"....to what? With what, Dave? Incentives and write-offs to protect the "stockholders"? Maybe....it is all contrived, nonsense.
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