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  Topic Review (Newest First)
10-15-2018 12:34 PM
wingsnut
Re: Fordís New CEO Hints at Ambitious Plans

Yup,

https://www.westernjournal.com/ford-...ent=2018-10-13
10-15-2018 11:46 AM
badhac
Re: Fordís New CEO Hints at Ambitious Plans

From Jalopnik,

1st Gear: Ford In Trouble

Layoffs suck, obviously, but thereís usually a standard methodology to it. The basic playbook, especially for non-unionized workers, is:

Say Nothing
Announce it all in one go
Rip the band-aid off
Thereís a whole slew of reasons for both for and against that operating procedure, but a lot of it boils down to preserving morale. Nobody gets spooked, everyone gets to go about their day-to-day lives without it affecting too much, and if youíre not getting laid off it lets you not worry about it until after the fact.

(The counterargument is that you should tell everyone as much specifics as you can as soon as you have an idea of what the strategy is. A lot of that is about basic transparency, but thereís also a decency thing here as it lets people know whoís safe and whoís not, and allows those about to get laid off the barest modicum of planning ability.)

And then thereís the methodology Ford CEO Jim Hackett appears to be using, which is reportedly freaking everybody the **** out as Fordís share price drops below $9, which is right where it was in late 2009 during the throes of the last recession. From Automotive News:

ďThereís been a lot less exposure to senior management,Ē said Jack Madden, owner of Jack Madden Ford in Norwood, Mass. ďThereís just not enough information flowing down to dealers about where the companyís headed.Ē

Meanwhile, more turmoil is creeping into the companyís ranks after Hackett told Fordís 70,000 salaried workers around the world that the $11 billion restructuring will include job cuts, while giving no specifics on numbers and only a vague idea of how or when. Ford is calling changes to its employment structure an ďorganizational redesignĒ and says it could take months to complete.

So instead of saying nothing, or telling some people they are safe and others to start job hunting, Hackett is going for the queasy middle route of being vague about layoffs and generally telling everyone not to worry about it unless they really have to worry about it but he wonít tell those people who they are until itís too late.

You can imagine the sales of Tums are spiking in Dearborn right now.

But fear (?) not (????) Ford employees, as AN reports that when layoffs eventually do come, Hackett will be brutal and merciless (emphasis mine):

Hackett is no stranger to layoffs ó he axed thousands of employees at his former company, Steelcase, including the best man from his wedding ó but stretching out the process, instead of announcing the cuts all at once, threatens to sink morale and create an uneasy, disillusioned work force, experts say.

A little over a month ago we said that Ford is blowing it. We desperately want to be proven wrong, but weíre still waiting.
10-12-2018 12:10 AM
wingsnut
Re: Fordís New CEO Hints at Ambitious Plans

Quote:
Originally Posted by Bloggin View Post
^....the Billion Ford lost is due to TAX to the US government called a 'tarrif', Call it a tarrif, or a fee paid to the government....it's still at TAX.

SO it looks like Ford will be 'saving' billions by laying off thousands of people, but sure Ford had that planned all along, with discontinuing so many models on a global scale. But can't just blame Hackett for what Ford does, cause nothing gets approved without the board. The board put him in there, approved his plans, owns the outcome. Hackett is just who they get to blame.
Don't care what you want to call it, but fair trade is the purpose for it. Point again, is that throwing disclaimers about tariffs while ignoring the many benefits from reduced taxes and de-regulation, is called fake news and biased reporting.


And Ford has a lot of cutting and growing to do. Cuts will come from elimination of products, and growth will come from all new product and ventures. But Hackett is costing us money today, by not knowing how to run the ship.
10-11-2018 11:01 PM
Bloggin
Re: Fordís New CEO Hints at Ambitious Plans

^....the Billion Ford lost is due to TAX to the US government called a 'tarrif', Call it a tarrif, or a fee paid to the government....it's still at TAX.

SO it looks like Ford will be 'saving' billions by laying off thousands of people, but sure Ford had that planned all along, with discontinuing so many models on a global scale. But can't just blame Hackett for what Ford does, cause nothing gets approved without the board. The board put him in there, approved his plans, owns the outcome. Hackett is just who they get to blame.
10-11-2018 07:21 PM
wingsnut
Re: Fordís New CEO Hints at Ambitious Plans

Quote:
Originally Posted by Bloggin View Post
"Ford's reorganization could include upwards of 24,000 job cuts, NBC News reported Monday (Oct 8). The automaker has not provided hard figures on the number of employees it will let go, but its leaders have said President Donald Trump's tariff war with China could impact the company's overhaul.

The NBC report cited a Morgan Stanley analysis that estimates a 12 percent reduction in Ford's global workforce, resulting in the loss of roughly 24,000 workers. Bob Shanks, Ford's chief financial officer, described the cutbacks as a "redesign" that would include its 70,000 white-collar employees."

https://www.nola.com/business/index....p_tariffs.html

From what I understand it is the steel costs that make up the $1Billion in losses for Ford as it relates to the TAX the US is charging Ford on steel from China. The rest of the losses has to do with Ford's plan itself by canceling over a third of it's product lineup and depending too heavily on China to support sales, and constricting market share globally. With NOTHING planed for at least 24 months.

When thinking of Ford today, it's hard to see the future in what they are planning, only a refreshed version of the past. But there are consumers who want things to stay the same.....and Ford will be there for them. Just not the younger, new generation of consumer.
The Billion lost due to very much needed tariffs gets a lot of attention I see, while conveniently ignoring the multi billions saved due to reduced taxes and de-regulation, that will continue for many years to come. How obvious can the media be.

Meanwhile, I was right all along about that liberal Hackett, who now throws out disclaimers for his pathetic leadership. And many of you are believing it. Pathetic.
10-11-2018 06:40 PM
Bloggin
Re: Fordís New CEO Hints at Ambitious Plans

"Ford's reorganization could include upwards of 24,000 job cuts, NBC News reported Monday (Oct 8). The automaker has not provided hard figures on the number of employees it will let go, but its leaders have said President Donald Trump's tariff war with China could impact the company's overhaul.

The NBC report cited a Morgan Stanley analysis that estimates a 12 percent reduction in Ford's global workforce, resulting in the loss of roughly 24,000 workers. Bob Shanks, Ford's chief financial officer, described the cutbacks as a "redesign" that would include its 70,000 white-collar employees."

https://www.nola.com/business/index....p_tariffs.html

From what I understand it is the steel costs that make up the $1Billion in losses for Ford as it relates to the TAX the US is charging Ford on steel from China. The rest of the losses has to do with Ford's plan itself by canceling over a third of it's product lineup and depending too heavily on China to support sales, and constricting market share globally. With NOTHING planed for at least 24 months.

When thinking of Ford today, it's hard to see the future in what they are planning, only a refreshed version of the past. But there are consumers who want things to stay the same.....and Ford will be there for them. Just not the younger, new generation of consumer.
06-17-2018 01:35 PM
glyphics
Re: another one bites the dust ....HEY HEY!

Quote:
Originally Posted by Andrew L View Post
Ouch that one hurts
True! Methinks he knows something that we don't know. He is a car guy and he's leaving.

I'm sure that Ford has confident, capable and committed car guys waiting to fill his shoes. But they can be given a green, amber or red light. Wonder what light Hameedi saw.
06-17-2018 11:07 AM
Nihar Mazumdar
Re: Fordís New CEO Hints at Ambitious Plans

https://www.businessinsider.com/how-...company-2018-6

05-17-2018 09:12 AM
Andrew L
another one bites the dust ....HEY HEY!

Ouch that one hurts
05-17-2018 08:26 AM
AM222
Jamal Hameedi Leaves Ford Performance for Jaguar SVO

see post #541^
Quote:
The Guy Responsible for Every Great Ford Performance Car Has Left for Jaguar Land Rover

Jamal Hameedi, Ford Performance chief engineer from 2013 until last month, has left the blue oval for Jaguar Land Rover's Special Vehicle Operations (SVO), according to his LinkedIn profile. A spokesperson for Ford Performance confirmed his departure in an email sent to Road & Track.

Hameedi was an important figure at Ford Performance, as he presided over development of the GT supercar, the Mustang Shelby GT350, the F-150 Raptor, Fiesta ST, and Focus ST and Focus RS. Prior to the creation of Ford Performance in 2013, Hameedi was chief engineer for Ford's Special Vehicle Team (SVT) division starting in 2005, and was the program manager for the 2005-2006 Ford GT.

It's unclear why Hameedi decided to head to JLR. Ford did announce that it will stop selling most of its car lines in North America in favor of crossovers, but it's unknown if that was a contributor to his departure. If he stayed at Ford, Hameedi would still likely be busy. He'd be in charge of developing Ford Performance cars for other markets and hotter SUVs like the Edge ST and recently announced Explorer ST.
Read More: https://www.roadandtrack.com/new-car...ar-land-rover/


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