If true it's just another one of many reasons I won't buy another Ford.
That's only part of the story... Ford was a brutal businessman.Typical "American" auto CEO. Wants John Q public to pay $60K for a pickup truck, but they farm production of parts out to the lowest possible bidder.
Henry Ford paid the then unheard of $5 a day, and invented the 40 hours work week, because he wanted his workers to be able to afford the product they were making, and have time to enjoy it. The fact that the likes of Farley is allowed to lead such an iconic brand tells you have far they have fallen.
Inflation is coming down after years of short supply. You may be in luck.When comes to my money, asking price isn't necessarily the getting price. I'll wait until they don't sell all those trucks at the inflated price, then start shopping.
As long as the barriers to entry and restraints to trade, internal the U.S. market are removed, U.S. ingenuity will ALWAYS find a solution, ALWAYS.Ford CEO Farley said last week that even though Ford gets most of its metal from within the U.S., it will still feel the effects of the tariffs. "Our suppliers have international sources for aluminum and steel. So that price will come through," he said. "We'll have to deal with it."
Henry Ford was definitely quirky. All the great leaders were. Applying modern standards to employees in 1910 is revisionist.That's only part of the story... Ford was a brutal businessman.
Henry Ford paid his workers a high wage ($5 a day in 1914) primarily to address high worker turnover and create a stable, motivated workforce, as well as to boost sales by enabling his employees to afford the cars they were making.
And he did not want his workers to unionize. Kinda like Musk nowadays...
If not now, when?That is all fine and dandy, but recapitalizing and updating any of that is a many years long if not decades lead time. Does not fix the short term.
That reminds me, I need to plant some aluminum in my garden this year.If not now, when?
For numerous very clear reasons, this might be a "last chance".
A farmer in financial challenges can sell his seed for spring planting in the winter, and live fat and happy for a few months.
A farmer that instead struggles and puts immediate gratification on the shelf for long term hope and plants that seed in the spring at great risk and duress, is what is needed in the short and long term to turn corner for that financially struggling farmer.
Noted.That reminds me, I need to plant some aluminum in my garden this year.
Novelis broke ground in Bay Minette in late 2022. They should be rolling in volume end of this year - so 3.5 years from Greenfield. It will be a giant mill, able to roll all kinds of things.That is all fine and dandy, but recapitalizing and updating any of that is a many years long if not decades lead time. Does not fix the short term.
Not sure but haven't really looked either.Did they take the buy out? From my reading a number of Ford dealers didn't want to invest in ev's so Ford corporate offered a buyout. GM did the same thing with a number of Cadillac dealers.
I believe the quote your looking for is "America will always do the right thing, once they have exhausted all the other alternatives". Its attributed to Winston Churchill although there is no actual proof he said it.How does the omnipotence of "U.S. ingenuity will ALWAYS find a solution, ALWAYS..." (post 45) square with, "...this might be a last chance" (post 47)?
When you're at a last chance scenario, lots of people have been left behind or injured seriously by failed segments.
Do we think the metaphorical farmer who suffers until the next harvest is comparable to some family which can't afford $70,000 pick-ups?
We need transportation solutions, not the ridiculously overpriced money feeds the car makers prefer to build.
U.S. ingenuity will ALWAYS find a way to put lipstick on a pig, is more like it.
Might be great marketing by Ford.Ford USA sold just over 2M units last year - a 4% increase.
Sounds OK until you realize they sold 2.4M units in 2019. Ford keeps missing earnings. Ford is definitely not in good shape. I have to believe a big price increase is rumor only.
That would be known as the "going, going, gone" sales strategy, and if you ever experience it, its almost always a ruse.Might be great marketing by Ford.
Spread the rumor of a ten percent price increase, loyal Ford buyers that have been on the fence to buy a new truck get spooked and go buy one today......
Fascinating....
Reportedly works with toilet paper......That would be known as the "going, going, gone" sales strategy, and if you ever experience it, its almost always a ruse.
Or get spooked by the cost - these days LT’s cost what many paid for their starter home …Might be great marketing by Ford.
Spread the rumor of a ten percent price increase, loyal Ford buyers that have been on the fence to buy a new truck get spooked and go buy a new Ford today......
Fascinating....
Or do what GM does - ‘swing panels’ are aluminum and ‘fixed panels’ are steel.Ford should start thinking a bit creatively, like pausing aluminum body panels.