![]() |
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Pub For General Automotive Related Talk |
![]() |
|
Thread Tools | Display Modes |
![]() |
#1 | |||
Regular Member
Join Date: Mar 2008
Posts: 459
|
Quote:
|
|||
![]() |
![]() ![]() |
![]() |
#2 | ||
FF.Com.Au Hardcore
Join Date: Jul 2006
Location: Gren A Waverrey
Posts: 2,358
|
Great news...the brand truly is 'moving forward'.
Great to see responsible consolidation without major aid.
__________________
Practicing - Sleeping with a guitar in your hand counts, as long as you don't drop it. Don't snap my undies. |
||
![]() |
![]() ![]() |
![]() |
#3 | ||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,268
|
Ford has achieved more outside of bankruptcy than GM did by entering it.
|
||
![]() |
![]() ![]() |
![]() |
#4 | ||
Performance moderator
![]() Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
|
NOW if this was G.M it would be the first on the 6.00 P.M news...
Not a word anywhere...
__________________
Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
||
![]() |
![]() ![]() |
![]() |
#5 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
|
Quote:
IIRC Ford have $27B USD of debt and about $22B USD in cash. I think they could be at net debt by Q1/2011 with very little trouble considering Ford are currently the most profitable maker in the world according to first of 2010 results. It seems the average bond / interest rate they are paying is 6.5% so every billion paid off saves them $65M a year. The $7B USD already repaid this year will save them $450M next year alone. The current debt is costing them about $1.8B in interest annually. Ouch! If they can get to investment grade, their funding costs / interest bill will drop dramatically which will in turn accelerate earnings. A nice cycle, rather than a vicious cycle that they were previously in. Ford are moving Forward.
__________________
BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
|||
![]() |
![]() ![]() |
![]() |
#6 | |||
Walking with God
Join Date: Mar 2005
Location: Melbourne
Posts: 7,321
|
Quote:
I truly get frustrated being the underdog, especially since it's been for so darn long. GK
__________________
2009 Mondeo Zetec TDCi - Moondust Silver 2015 Kia Sorento Platinum - Snow White Pearl 2001 Ducati Monster 900Sie - Red Now gone! 1999 AU1 Futura Wagon - Sparkling Burgundy On LPG Want a Full Life? John 10:10 |
|||
![]() |
![]() ![]() |
![]() |
#7 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,268
|
Quote:
around $8-10 billion - that's based on them getting the equivalent of $133/share before they're split and a market capitalization of around $70 billion for GM - WTF (?) GM is barely bigger than Ford ($40 billion) The fur is gonna fly if the government and UAW get burned on this initial stock offering.... |
|||
![]() |
![]() ![]() |
![]() |
#8 | ||||
Chasing a FORD project!
Join Date: Jul 2008
Location: adelaide
Posts: 5,114
|
Quote:
__________________
Quote:
1996 BMW 740iL V8. TV, phone, leather, sunroof, satnav, all as standard. Now with 19" TSW Brooklands, 2 1/2" stainless steel exhaust, plus more coming soon. |
||||
![]() |
![]() ![]() |
![]() |
#9 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,268
|
Quote:
they sold 172K verses 160K for Ford and Ford have a lot fewer plants and employees there. My money is on team blue showing up GM at every post in 2011. |
|||
![]() |
![]() ![]() |
![]() |
#10 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
|
Quote:
__________________
Daniel |
|||
![]() |
![]() ![]() |
![]() |
#11 | ||
Big Member
![]() Join Date: Dec 2009
Location: SE Qld
Posts: 5,873
|
We will see eventually. Im not saying anymore than this... Something big has been tipped for 2011/12/13. Donald Trump & a few other financially educated people have tipped it to happen. However this current situation puts Ford in a damn good position for when it does happen, & may be able to whether it pretty well.
__________________
The Scarlet Fairlane: 94 5.Slow Litre NC II Fairlane 488800kms & Climbing Rollin' on genuine ELGT wheels. K&N Filter /////Alpine Sound. EBGT Momo Woodgrain Steering Wheel The Scarlet Fairlane Build Thread Project "White Knight" 93 ED XR6 ROH Alloys Momo wheel Cruise Sunroof Premo Sound Manual HO Goodies PWK Build Thread 1990 Yamaha FZR 250: 59000ks & climbing. New fairing, old tank, my angry mosquito in a coffee tin! 14.977 1/4mile. ![]() |
||
![]() |
![]() ![]() |
![]() |
#12 | ||
Compulsive Hobbiest
Join Date: May 2006
Location: Ohio, USA
Posts: 1,032
|
Does anyone know exactly what "net debt" means in financialeze? You hear talk about several debt amounts in relation to Ford. I am wondering which debt this is and how significant it really is.
Last week Lewis Booth, Ford Chief Financial Officer, announced Ford is going to pursue more concessions from the UAW. Among them is the relinquishing of the right to strike for 5 or 6 years. Ok, so there has not been a strike at Ford since the 1980's. How does Ford gain one dollar by the union giving up the right to strike? By being able to push through a change that we would normally strike over. So the question is, what does Ford want to change that they KNOW we would strike over, when we haven't struck the company since the 1980's? Personally, I don't want to go there. Another demand is a 5 year wage freeze for new highers who hire in at the new wage of $14/hr.. Of course this does not apply to new hires in managment.....so where is the "shared sacrifice?" In March, 2009 we agreed to do away with the cost-of-living allowance (money that was based on specific economic factors that assured level purchasing power) and bonuses (performance bonus, Christmas bonus, other contractual bonuses) that cut costs $500 million a year. We agreed to ALL the concessions that GM and Chrysler did BEFORE GM and Chrysler did, except for the relinquishing of striking and wage freeze for new hires specifically. Our wages have already been frozen since 2007, still are, and we VOTED for that, as well as MANY more concessions/give backs. Now Ford is making good profit, paying off net debt, returning to investment grade, salaried workers have had some sacrifices restored, such as a percentage of matched retirement accounts being reinstated, and they are going to ask the union for more concessions. Steve
__________________
My Filmmaking Career Website Latest Project: Musclin' My XB Interceptor project Wife's 1966 Mustang My Artworks and Creative Projects Site Oil Paintings, Airbrushing, Metal Sculpture, Custom Cars, Replica Movie Props, Videos, and more! |
||
![]() |
![]() ![]() |
![]() |
#13 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
|
Quote:
__________________
Daniel |
|||
![]() |
![]() ![]() |
![]() |
#14 | |||
Compulsive Hobbiest
Join Date: May 2006
Location: Ohio, USA
Posts: 1,032
|
Quote:
The next contract will be signed in September 2011. Negotiations will probably begin in July 2011. Everyone I spoke with was very surprised (eyes popped out of heads) that Ford would go after more concessions when Mulally had already announced to the press over a year ago that "Ford has everything they wanted from the Union and Ford's creditors...." It was only 6 months later that they came after more, and now this after announcing the pay off of the Net Debt. Profits are solid ahead of schedule. Ford has gained market share in 23 out of the last 24 months. There are about 50% less workers than 5 or 7 years ago. Quality is through the roof. Costs are the lowest they've ever been. I don't get it. Steve
__________________
My Filmmaking Career Website Latest Project: Musclin' My XB Interceptor project Wife's 1966 Mustang My Artworks and Creative Projects Site Oil Paintings, Airbrushing, Metal Sculpture, Custom Cars, Replica Movie Props, Videos, and more! |
|||
![]() |
![]() ![]() |
![]() |
#15 | |||
FF.Com.Au Hardcore
Join Date: Jan 2009
Posts: 2,653
|
Quote:
Think of it a bit like a mortgage.. If you owe 200K, but your house it worth 250K your sweet. But if you owe 200K & you house is worth 150K your screwed!! |
|||
![]() |
![]() ![]() |
![]() |
#16 | |||
Regular Member
Join Date: Mar 2008
Posts: 459
|
Net Debt Definition
Quote:
|
|||
![]() |
![]() ![]() |
![]() |
#17 | |||
Chasing a FORD project!
Join Date: Jul 2008
Location: adelaide
Posts: 5,114
|
So dont people get confused; ford will still have a debt to it's creditors. It's just that it's liabilities will not exceed the sum value of it's assets. This is still a very good thing. Ford look dead on track to become world number 1 automaker. This is my hope in the next 10-15 years. Ohio xb do you have any more info you can share with us?
__________________
Quote:
1996 BMW 740iL V8. TV, phone, leather, sunroof, satnav, all as standard. Now with 19" TSW Brooklands, 2 1/2" stainless steel exhaust, plus more coming soon. |
|||
![]() |
![]() ![]() |
![]() |
#18 | ||
Compulsive Hobbiest
Join Date: May 2006
Location: Ohio, USA
Posts: 1,032
|
Thanks for the explanation guys. I needed to know how much to celebrate and how much would be over doing it. ;)
I haven't read anything else new about this. Steve
__________________
My Filmmaking Career Website Latest Project: Musclin' My XB Interceptor project Wife's 1966 Mustang My Artworks and Creative Projects Site Oil Paintings, Airbrushing, Metal Sculpture, Custom Cars, Replica Movie Props, Videos, and more! |
||
![]() |
![]() ![]() |