Is Ford going down?

Zane · October 3, 2001

Check out this recent PR-- Here

Sales down 9%??

Ouch.

patrick · October 3, 2001

It isn't just Ford, it is just another sign of recession (see below)

Wednesday September 5, 4:39 AM

General Motors sales fall seven percent in August

General Motors, the world's biggest car manufacturer, said its US sales in August fell seven percent from a year earlier to 403,258.

Annual sales, however, were still on target to be the third-best on record, GM said in a statement.

Passenger car sales slumped 20 percent while truck sales climbed seven percent, the company said.

"Despite an extremely competitive market, GM's share continued to stabilize," said General Motors' North America sales, service and marketing vice president Bill Lovejoy.

"We have made good progress in improving our product mix, managing our fleet volumes, reducing our total inventory and moving out our 2001 models," he said in the statement.

GM said its truck sales were robust in the month, led by sport-utility vehicles

pacodiablo · October 3, 2001

thats bad, but it would take years, or maybe even decades for ford to go under

Jpshostr · October 3, 2001

Quote from pacodiablo, posted on Oct. 03 2001,4:09

thats bad, but it would take years, or maybe even decades for ford to go under

Not to mention the fact that the government wouldn't let a corporation like Ford go under. Need I give an example, such as Chrysler?

Chev4Ever · October 3, 2001

After that terrorist attack the world has been hit hard in the money world.. I was listening to the news to hear all the lay-offs that has happened within Ford, Chrylser and GM. The ripple effects of the tragedy on Sept 11 has only begun!!

I think the main reason the whole terrorist attack occured where it did was to slow down the economy.. So far its working..

Steve

AirForceAngler · October 3, 2001

Do you want to know what really gets me? With the problems these big companies are having, the fat cat higher management types are not taking pay cuts from their 7, 8 and 9 digit paychecks. It's easier for them to just lay off some people. ???

TheScaryGuy · October 4, 2001

Ya, I mean whats more important, having a new yacht or keeping the economy flowing with the middle class working?

:angry: Those people really have no conception of money, due remember that. Must be kinda wierd being that rich. Not much of a grip on reality if you ask me. We are all normal (from what I've seen). And by normal I mean finicially. We all know Mervz and General aren't normal! J/K guys!