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Snickerdo
Premium
join:2001-02-28
Niagara Falls, ON | Re: Ford Canada sales jump 25 percent in June Actually, it probably has something to do with the fact that they're the only North American auto maker that isn't in total financial ruin and may actually still exist a few years from now. | |
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 | Phorkster
Premium
join:2004-06-27
Windsor, ON
 ·Cogeco Cable
 ·Cogeco Voip
| Re: Ford Canada sales jump 25 percent in June said by Snickerdo  :Actually, it probably has something to do with the fact that they're the only North American auto maker that isn't in total financial ruin and may actually still exist a few years from now. They are still in a financial pickle in that they have mortgaged the house. But still stronger than the others. | |
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| Walter Dnes
join:2008-01-27
Thornhill, ON
 ·TekSavvy Solutions..
| said by Snickerdo :Actually, it probably has something to do with the fact that they're the only North American auto maker that isn't in total financial ruin and may actually still exist a few years from now. They may not have known it back then, but Ford got lucky several years ago when they had problems similar to what GM now has. The main difference is that back then, you could borrow money with ease. That's what Ford did. They also (slowly) started trimming their worldwide count of different models, and selling of some foreign companies. In other words, their crisis came sooner, and they reacted sooner... back when it was possible to borrow big time. Ford is quite a bit in debt, but it's managable, provided the auto industry recovers soon.
Aside from a continued industry slump, Ford's main worry is a re-vitalized General Motors. GM looks to shed a lot of debt in Chapter 11. If they do, their debt payments will decrease drastically, and they will be able to undercut Ford.
I've wondered recently why Ford was pushing nothing but trucks in its recent commercials. Seeing as how they sell 3 times as many trucks as cars, I understand now. My only question is if its correct to call them an "automaker" as opposed to a "truckmaker". | |
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dirtyjeffer
Merry Christmas
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed
| Re: Ford Canada sales jump 25 percent in June while "trucks and SUV's" have dominated the domestic landscape over the past decade, Ford has had some recent success stories in their car divisions, with more to follow...the Focus has been a success, so has the Fusion and the Mustang...the new Taurus, New Focus (Euro spec) and the Fiesta will ensure the momentum continues to push forward....it is why i said to buy Ford stock back around Christmas when it was $2/share (it closed at $5.89 today)...that's triple your money folks. 
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Today's motto: Dearly beloved, We are gathered here today to bid farewell to personal responsibility and accountability. | |
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Mauricio
aka CigaR
Premium
join:2008-12-06
| Re: Ford Canada sales jump 25 percent in June said by dirtyjeffer :...it is why i said to buy Ford stock back around Christmas when it was $2/share (it closed at $5.89 today)...that's triple your money folks. Since when have you become a financial advisor ?  | |
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dirtyjeffer
Merry Christmas
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed
| Re: Ford Canada sales jump 25 percent in June i am not (remember, i have $1200 worth of Nortel stock, well, $1200 that i paid for, which is currently worth maybe $2).
but Ford started their restructuring almost 5 years ago...the "current" mess hit them a few years ago, so they were already on the path to fix things...as well, they have put a strong focus on their cars over the last couple of years (and in the years to come), which is what will be needed to get over the hump.
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Today's motto: Dearly beloved, We are gathered here today to bid farewell to personal responsibility and accountability. | |
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Moonman
Shootin' You The Moon
Premium
join:2001-12-30
Melbourne, ON
clubs:
| ford's F150 has been the best seller in many north american markets for years anyway, and yes...with GM's and chrysler's problems. That market share should get stronger.
i was at the dealership yesterday getting a oil change done, and the service manager said they can't get enough F150's to meet demand.
at least the ford brass and their share-holders where able to restructure some of ford's debt issues.
cooperation that seem to be lost at GM and chrysler.
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Dave
"Google Is Your Friend...I'm Not". | |
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Robert
Premium
join:2002-03-11
South Dildo, NL
·Bell Sympatico
| Re: Ford Canada sales jump 25 percent in June My hope with Ford is that they still push ahead with their cars. The problem began when they focused merely on Trucks and SUV's.
It will be a better positive sign if we see their car sales go up. North Americans seem to have a short term mind in regards to gas prices.
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It's one thing to listen to an idiot talk. As soon as you respond, there are now 2 idiots having a conversation. | |
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pat_lc2000
join:2006-02-04
Ottawa, ON | I don't know why anyone needs a F-150, unless you work a job that requires a truck. You are a hillbilly.
I do love the Ford Flex, but it needs to be lowered. | |
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Snickerdo
Premium
join:2001-02-28
Niagara Falls, ON
| Re: Ford Canada sales jump 25 percent in June said by pat_lc2000 :I don't know why anyone needs a F-150, unless you work a job that requires a truck. You are a hillbilly. Every company everywhere uses a Ford F-series as their fleet truck. They are also very popular with companies that don't purchase fleet vehicles. Strong sales are a reflection of that.
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I swear that I will be faithful and bear true allegiance to Her Majesty Queen Elizabeth the Second, Queen of Canada, Her Heirs and Successors, and that I will faithfully observe the laws of Canada and fulfil my duties as a Canadian citizen. | |
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digitalfutur
Sees More Than Shown
Premium
join:2000-07-15
BurlingtonON
·Cogeco Cable
| Re: Ford Canada sales jump 25 percent in June Yet GM outsells Ford by 2 to 1 when GMC and Chevy pickup sales are combined.
As Chrysler discovered a few months ago, one month sales do not a trend make.
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All that is necessary for the triumph of evil is that good men do nothing - Edmund Burke. "Walk the Talk". | |
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Robert
Premium
join:2002-03-11
South Dildo, NL
·Bell Sympatico
| Re: Ford Canada sales jump 25 percent in June said by digitalfutur :As Chrysler discovered a few months ago, one month sales do not a trend make. Exactly, however since it is an American company, Ken is on the hills preaching that the American Car industry is saved.
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It's one thing to listen to an idiot talk. As soon as you respond, there are now 2 idiots having a conversation. | |
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| | | | Robrr
join:2008-04-19
Toronto, ON
·TekSavvy Solutions..
·Rogers Hi-Speed
| Re: Ford Canada sales jump 25 percent in June said by Robert :Exactly, however since it is an American company, Ken is on the hills preaching that the American Car industry is saved. Yet I don't recall Chrysler reporting a 25% increase in sales.
It may not be totally saved as of yet but this is the second or third time in 6 months that we have seen this kind of news out of Detroit so I think that things are starting to look up. | |
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