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Anyone like F down here? Like GM they have been beaten up though they don't have the delphi problem. Has a 5% yield. worth a look i think
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quote:Originally posted by keithsan: looking for around 6.00
I disagree with your $6.00 but I would say $7.25 as a 52 week low in the next few months.
As for GM....they ARE about to CRASH!!! I live in Detroit and there is no way in hell the Union is going to allow Delphi to cut pay 60% from $27.00 to $10.00 and eliminate 50% or more of its workforce and close 7 plants or more. Trust me on that one....it won't happen. A strike will be a disaster for Delphi, GM, and the kicker....DaimlerChrysler. I work for DaimlerChrysler and we had to shut down Thursday production because Delphi ran us out of parts. Can't make money if your not building cars and trucks.
I wouldn't touch GM even if it was $15.00 a share.
But F Ford...I don't think its time to buy yet....they lost more market share but Mazda gained 1.1% market share. I would expect them to report a loss the 4th quarter. And who know...maybe Delphi supplies them with parts also.
I guess is GM would go bankrupt, it would be because or Delphi....even though they didn't offer any help until after Delphi filed and a strike deadline was set. Delphi's CEO is a jack-ass. He will be the downfall of Delphi!! Also, how do you expect Delphi to expect wage cuts when the executives asked the courts to set aside multimillion dollar bonus for each of them. Who bankrupted the company....the workers or the executives????
This topic is worthless....sorry....just a UAW workers thought.
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posted
" I live in Detroit and there is no way in hell the Union is going to allow Delphi to cut pay 60% from $27.00 to $10.00 and eliminate 50% or more of its workforce and close 7 plants or more. Trust me on that one....it won't happen. "
So the "Union" folks there will go from 27 and up to 0.00?
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quote:Originally posted by Bob Frey: " I live in Detroit and there is no way in hell the Union is going to allow Delphi to cut pay 60% from $27.00 to $10.00 and eliminate 50% or more of its workforce and close 7 plants or more. Trust me on that one....it won't happen. "
So the "Union" folks there will go from 27 and up to 0.00?
I'm saying they would rather be on strike than to accept dramatic pay cuts. The cost of living here is crazy. At $10.00, nobody would be able to afford a house. With the job market here today, it would be a disaster for 30-50 thousand people to get their jobs eliminated and be forced to find new work. Hell, McDonnalds won't even hire UAW workers. They can't do what Northwest Airlines did...they have a norm there....they planned on the union striking 18 months in advance and brought in mechanics and set aside extras ready to take over when Northwest Striked. Now, Delphi....they don't repair planes or cars....they make parts. You can't go to school, get training anywhere, etc and know exactly how to make the parts Delphi does and know all the procedures. Think about it.
If Delphi Strikes.......GM will CRASH!!
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quote:Originally posted by R1Man: Ford should be moving down to $6.25-6.75 for the annual low in the next few months...after that...it should bouce back up.
didn't you just disagree with the 6.00 range. Glad to see you've changed your thinking
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quote:Originally posted by R1Man: Ford should be moving down to $6.25-6.75 for the annual low in the next few months...after that...it should bouce back up.
didn't you just disagree with the 6.00 range. Glad to see you've changed your thinking
I disagree with anything less than $6.25....that is all I am saying.
As for GM....DELPHI....we had a very long discussion about what the union can do and what they can't. Some worker felt that Delphi's union can't go on strike because the automaker is in bankrupcy. I really don't know the answer but we should and need to figure that one out. I'm going to ask Internation Union for the answer...but if they can't strike....then how is the union protected from Delphi's outragous demands....????
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ok keithsan....I see now what you are talking about. I stated $7.00 and now I say $6.25....I have mixed feelings on Ford. I know right now is not the time to buy. But how low it falls....remains unanswered. Its hard to predict it....when Ford was in the $6.00 range a few years ago....they had reported very bad losses then...they have some good products still that have been the backbone of the company.....F150, Mustang, Focus, Freestar, and 500. They really need to develop more cars and trucks and have less shelf life. If you look at DaimlerChrysler....they have an average shelf life of a vechicle of about 2.5 years. GM has an average shelf life of 4 years I think. But Ford has a shelf life of 5 years. Now if you compare the 3 companies....DCX....$50.00 range.....GM.....$22.00 range......F.....$8.00 range. Ford needs new products for it to survive. So does GM. DaimlerChrysler has 11 new products comming out next year. Now do you think DCX is going to start a downward trend anytime soon???? They tell us some things are work about now products but most of that stuff is secret. I think the JEEP Nitro will take off...then JEEP CHEROKEE SVT (0-60 in 5 seconds), Dodge Charger, Dodge Challenger, and a few others. But seriously....if the auto companies don't start investing in new designs....people are going to stop buying them. People want things that nobody has...they like to be the first to own them. If you buy a Ford Focus or a Chevy Malibu....they really haven't changed much in the past few years. Everyone has them.
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then again you don't want to catch a falling knife.
the divvy helps with short term loss if you miss the bottom. Bush recently announced no gov't help for automakers. Although I can't see the gov't letting them tank.
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DETROIT(AP) Ford Motor Co., hurt by falling sales of sport utility vehicles, is expected to close plants and cut thousands of jobs in North America as part of a restructuring program to be announced Monday.
Ford has refused to release details of the plan, dubbed the "Way Forward," which also is expected to include product changes and cuts to Ford's salaried ranks. Ford has about 87,000 hourly workers and 35,000 salaried workers in North America.
"It's going to be painful for some people," Ford Chairman and CEO Bill Ford said earlier this month at the North American International Auto Show in Detroit.
The assembly plants believed to be most at risk for closure are in St. Louis; St. Paul, Minn.; Atlanta; Wixom, Mich.; St. Thomas, Ontario; and Cuatitlan, Mexico. Those plants could be targeted because of their age, the products they make, their lack of flexibility or other factors.
States were scrambling to offer tax credits and other incentives to keep Ford from closing their facilities.
Earlier this month, Missouri Gov. Matt Blunt and other state officials flew to Ford's headquarters in Dearborn for a meeting with Ford executives. Michigan Gov. Jennifer Granholm said she outlined a package of incentives to Ford last week. Granholm wouldn't disclose the details of the package and said she wasn't given any assurance that Michigan plants would be spared.
Ford is expected to report a worldwide profit for 2005 when it releases earnings Monday. But it lost more than $1.4 billion in its North American operations in the first nine months of last year.
The No. 2 U.S. automaker has been hurt by falling sales of its profitable sport utility vehicles, growing health care and materials costs and labor contracts that have limited its ability to close plants and cut jobs. The United Auto Workers union will have to agree to some of the changes Ford wants to make.
"We don't like to see any jobs go away," UAW President Ron Gettelfinger said last week. "We're always in hope that down the road we'll be able to reverse some of those decisions."
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