You think what you are reading is bad, it is only getting started. Things are falling apart and the execs are flailing. They have no idea what they are doing other than drinking Jim's kool-aid. Then let's not forget we have throngs of kids walking... — read more
Too late to sell your stock.....?
https://www.detroitnews.com/story/business/autos/ford/2019/10/23/ford-profits-fall-third-quarter/4062587002/ TL;DR Ford Q3 profits fall 57%, guidance lowered for the year Ford Motor Co. lowered its guidance for the year after reporting... — read more
Retirees have no choice. Speak with your wallet.
2020 insurance is the classic bait and switch. They conned many to take the PRP with the promise of low retiree medical. Now they are off the books and slammed with a rather hefty increase. All you can do is speak with your wallet and don't buy... — read more
There are so many downsides to non-direct employees
Problem with non-direct employees is that they are always searching for the next best thing- often on company time. For the most part, they are transient employees. And because they have no skin in the game, aren’t about to go above and beyond... — read more
Does anyone know why Ford uses Jacobs contract company?
Allen Park wind tunnel workers are all Jacobs contract employees, why aren't they all Ford employees? All of the technicians and the majority of the people are not Ford. All Ford systems are used along with team center! Can any Ford folks... — read more
Ex GM employee, Ford is worse than GM! I gotta get out of here and the sooner the better.
GM is better than Ford and that's saying allot.
Another botch job by Ford
https://www.msn.com/en-us/money/companies/ford-botches-explorer-launch-putting-ceo-back-on-hot-seat/ar-AAJ6LMD?li=BBnbfcN
This should be all over the media!
It is still shameful that Ford salaried retirees are singled out to be tasked with higher costs. Retirees are on fixed incomes and did not expect this. Certainly they should not bear the burden alone. I hope the press catches wind of this .. — read more
Ford Can't Afford to Provide Retirees PPO 2000 + HSA Health Insurance
For 2019, I had the PPO 2000 + HSA for $0 per month for family. This option is not available for 2020. Lowest cost plan for family is $430 per month. It is a double hit because the out of pocket maximums have almost doubled.
Ford is screwing retirees again.
Ford is trying to keep afloat by screwing older employees in favor of younger cheaper employees (SRD) then doubling down and sticking it to retirees on health care costs this year. I've sold my Ford Stock, my 17 F250, and will never buy another... — read more
Retiree Medical Plans for 2020 - Yikes!! Did active employees plans go up?
Just saw rates for next year - 2 new plans. I pay $0 now for me/family, next year it will be $430 per month for the same coverage with doubled out of pocket max numbers. I figured this would happen soon but not this large of an increase!! Still... — read more
Are non-compete agreements enforced between automakers?
I'm just curious. I know many people who say they've switched between Ford and GM or FCA over the years. Are non-compete agreements common in Michigan and if so, are they usually enforced? If so, I don't see how people have switched employers... — read more
Palo Alto Office Status
I heard rumors that the Palo Alto office might be getting cut and/or closing? Has anyone heard anything??? Is the location safe?
We are losing sales all around
Which means we'll be looking at more layoffs most likely sooner than we thought. Ford Motor Co’s (F.N) July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second... — read more
This says it all
An insider just sent me this. Explains a lot why Ford Motor is in the shape it is in today - Junior has been mucking around there for 40 years, and his daughter in on the Autonomous Car team. can't make this stuff up, folks!! "Executive Chairman... — read more
Why All the Talk of Reductions
I was told the SRD was to prepare for a down turn in the economy. I have a trip planned to Hawaii over the holidays and am wondering if there is any truth to these rumors.
I hope everything is on track for decent bonuses
After all we have been through this year with SRD and "whatever is going on" lately I hope we get some decent bonuses.
Really? A name change increases sales 20%. Yeah right.
https://www.freep.com/story/money/cars/mark-phelan/2019/10/05/lincoln-aviator-cadillac-xt-6/3860781002/ For heaven’s sake. First the suit clad brain trust asserts that the reason Lincoln’s were not selling was because they did not have letters... — read more
Something is going on
Several projects have been mysteriously cancelled due "budgetary" reasons without explanation over the past week. In addition, I heard from a number of groups that their LL5 and LL6s have been transferred to new groups without any direct reports... — read more
Lincoln Aviator Problems (CR vehicle)
Looks real bad for Lincoln https://www.freep.com/story/money/cars/ford/2019/10/03/lincoln-aviator-suv-recall-chicago-explorer-police-interceptor/3830654002/
Ford's third-quarter auto sales fall 4.9% as demand for its popular F-Series pickups weakens
https://www.cnbc.com/2019/10/02/fords-third-quarter-auto-sales-fall-4point9percent-from-last-year.html
Explorer issues & promotions
Explorer issues. Followed by promotions. Only applies for the chosen few. Inspiring. Well done explorer team
FordX group should be laid off, it’s a failure
The FordX group is wasting huge amounts of capital, with no hope for future revenue. Stop throwing more money away on a failed experiment.
Layoffs, effective immediately
https://www.freep.com/story/money/cars/ford/2019/09/30/ford-cuts-25-workers-on-mobility-team-that-develops-products-software-technology/3826197002/ via @freep @freepautos @UAW
Cuts September 30
Anyone have information on cuts that happened today in Mobility and whether it was any other organizations?
UAW/GM Negotiations are close
Rumor has it deal done by end of weekend with vote early next week.
If no PRP, how to get SRD?
If there is no PRP because managers wish to be more "selective" about reducing the workforce how does one get selected for SRD? I only ask because those who got shoved out under SRD received in many cases 9 months salary. If I we're just to... — read more
Should GSR and LL6 be part of UAW?
I am a little dissatisfied with healthcare options as retired LL6. Deductable and co-pays are a little high. I elected the option where essentially if I stay healthy I pay nothing and if not, I pay most of the cost up to the annual cap of... — read more
Spending $2B in India on a failed business strategy
"Ford blows more than $2B in India on a failed business strategy and @UAW factory guys get blamed for car costs. Just unbelievable." #UAWStrike supporter https://freep.com/story/money/cars/ford/2019/09/25/ford-mahindra-india/2439430001/ via ... — read more
Lump sums up 12% for 2020, PRP unlikely
Pension calculator updated and it really looks good for those who want out next year! Told PRP "unlikely" as company won't want to pay more than it has to.
Rumors - I guess
Guess the Septembers PRP rumors were just that........... Rumors
Thanks again Ford
Has anyone else who got laid off by Ford got screwed by their incompetent HR team? When let go I was told I had 6 months of My medical Benefits. Well I go to my Dr. for an appointment and they inform me that I no longer have insurance. So I had to... — read more
Lump Sum Pension
I heard a poster mention that lump sum pensions should go up this year with lower interest rates. Is that true and when will we know? If I survive just one more year I'll have my 30 and I am gone. Before Hackett I would have worked another 10 +... — read more
Amazon Is Buying 100,000 Rivian Trucks
Rivian is partially owned by Ford. Amazon’s Multibillion-Dollar Bet On Electric Delivery Vans Is Game-Changer For Startup Rivian Amazon says that adding 100,000 Rivian electric delivery vans to its fleet will cut carbon emissions... — read more
https://www.freep.com/story/money/cars/ford/2019/05/20/ford-worker-layoffs-salaried/3710114002/
This is long overdue. Ford needs to cut and trim the workforce. Hourly is coming after their UAW contract completed. Good luck everyone.
Ford Needs to Change
We have relied too much on quality focused test fleets, late design changes, and launch teams to save the day. Times are changing and vehicles are getting more complicated. And we are losing experienced people. Ford is a leader in rework... — read more
Ford’s DNA is a manufacturing company, it has since become a Sales & Marketing Company.
Ford can’t launch because it can’t manufacture either. It’s DNA was a manufacturing company, it has since become a Sales & Marketing Company. Honda is a solid manufacturing company that can produce anything with no wheels, two wheels, three wheels... — read more
The layoffs may have gone too far in letting experience go
Ford used to be the very best at executing a launch. What happened? The layoffs may have gone too far in letting experience go. Also, there is a significant difference in work ethic with some (not all) new employees. Replaced $110K salary and... — read more