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The Pub For General Automotive Related Talk |
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09-05-2012, 04:37 PM | #31 | ||
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Let's start doing some number crunching regarding the closure of manufacturing operations, seeing as it's an inevitable prospect.
How many people currently work in Broadmeadows and how many in Geelong? The rule of thumb is that for every car manufacturing job that goes, a further 7 in downstream suppliers goes with it. That equals A LOT of job losses and a further blow to Victoria's fractured economy. Depressing times indeed! |
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09-05-2012, 04:42 PM | #32 | |||
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But more seriously, wouldn’t it be better to just save all the money that’s going to be dumped into the Falcon and instead redirect it into imports? Existing engineering can still be used to tweak imported products to better suit our Australian market (similar to how Toyota and Hyundai are doing it) and manufacturing can potentially be utilised build some of the custom parts for the imported products? Being realistic I just can’t understand how Ford can turn this situation around considering that the Falcon numbers are already running 30% lower than last year and Territory numbers are no better than they were last year. While sure the imports part of the business has the potential to do a lot better this year with the Thailand plant increasing supply, the existing Falcon/Territory issue will remain and keep dragging the rest of the company results downwards. |
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09-05-2012, 04:42 PM | #33 | |||
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What a mope.... Ford have spent a great deal over the last month on the Territory and Falcon, and they made profit for the last 2 (or 3 years?), while Asia pacific as a whole made a loss. Alot of people here are quick to judge a write things off to easy. Great going.
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09-05-2012, 04:51 PM | #34 | |||
Pity the fool
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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09-05-2012, 04:56 PM | #35 | |||
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09-05-2012, 05:05 PM | #36 | |||
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09-05-2012, 05:05 PM | #37 | ||
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So how long till Holden stops production to then once ford does 2/3 years?
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09-05-2012, 05:12 PM | #38 | ||
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Better tell them to stop all the work on the Falcon update...
Better tell them to stop filming the new FPV commercial... Better tell them to not worry about that new opportunity for ... All because of some fancy accounting and some drastic supply issues. work continues... |
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09-05-2012, 05:17 PM | #39 | |||
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If we can stop from going into a flat spin for a moment and read the following passage,
I think you'll find things are not as bad as implied with the screaming headline: Quote:
It certainly looks like Ford is bringing out all those deferred tax losses and clearing the books... I wonder why they are picking now to declare a huge loss, maybe seeking a huge hand out/funding before election? Last edited by jpd80; 09-05-2012 at 05:22 PM. |
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09-05-2012, 05:23 PM | #40 | ||
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I'd say a funding grab...
Or cleaning losses out for more devlopment funds?
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09-05-2012, 05:25 PM | #41 | |||
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09-05-2012, 05:27 PM | #42 | ||
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Instead of looking at the $290 million loss, we should be asking, where did the other 2.8 Billion in revenue go.......
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09-05-2012, 05:30 PM | #43 | |||
Pity the fool
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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09-05-2012, 05:33 PM | #44 | |||
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09-05-2012, 05:35 PM | #45 | |||
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Better tell them to stop all the work on the Falcon update - projects get canned at the last minute all the time Better tell them to stop filming the new FPV commercial - I might have a better view of Ford's future if they were filming new commercial for the EcoBoost Falcon Better tell them to not worry about that new opportunity for - and pray tell, what is new opportunity that you speak of All because of some fancy accounting and some drastic supply issues - the Accounting treatment wouldn't worry me at all, if next year's outlook was positive. If Graziano can't even spin a bit of positivity what hope do the rest of have?
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09-05-2012, 05:38 PM | #46 | ||
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Why are they carrying forward tax impairments year on year when they cannot be written off and have to be realised sooner or later?? Or is it a case of better having modest profits twice and then the big hit or...I don't get it why you would realise the loss in this way.
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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09-05-2012, 05:46 PM | #47 | ||
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on a positive note: ford has advertised the falcon XR6 and Ecoboost on main stream tele.. nine and ten the ads were shown.
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09-05-2012, 05:47 PM | #48 | |||
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- topping up defined pension benefits - reducing staff by 600 - and of courses losses in production of local cars.. I'm wondering whether Ford is writing down non-recoverable project costs of FG /SYII now that FGII/SZ have been released? If sales have not been high enough to recover prescribed amounts booked to the projects, then there would be write downs.. |
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09-05-2012, 05:52 PM | #49 | |||
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Quote: From www.motortrend.com "Torque is the new horsepower" |
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09-05-2012, 06:19 PM | #50 | |||
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09-05-2012, 08:32 PM | #51 | |||
Peter Car
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Would it have really mattered that it was 290 million and not just 90, either way it still looks bad. But I think the simple fact remains, that they are unprofitable at their current numbers, and unless they can find some serious volume increases then its inevitable they will be shut down. You can't keep an unprofitable business going forever with no hope of success, Fords build numbers and the fact they are only selling to a tiny market here mean only making cars for Oz and NZ is never going to work. I think its quite clear that without an export market to get production numbers up to a viable level they are stuffed. No one can deny that now. And it doesn't help that they are being royally butt raped by getting tiny supply numbers of cars vital to their success here. If Detroit don't fix this soon and give FoA the supplies they need of Ranger, Mondeo, Focus and Kuga then massive losses will continue. At least Ranger production is going to increase and Focus and next Kuga will come from Thailand in September, they just need increased supplies of Mondeo. |
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09-05-2012, 08:44 PM | #52 | |||
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It's the LARGEST loss they have ever had in AUS They will be out of manufacture by decades end, just like Nissan and Mitsubishi before, import only range Will GovCo have to tip in more money again? Bring on the $30k F150's!!! Last edited by RASER; 09-05-2012 at 08:46 PM. Reason: F150 Pick Up Truck |
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09-05-2012, 08:48 PM | #53 | ||
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FoA's manufacturing here is viable, but they need a 3rd vehicle line, a volume seller that can be exported as well.
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Fords I own or have owned: 1970 XW Falcon GT replica | 1970 XW Falcon | 1971 XY Fairmont | 1973 ZG Fairlane | 1986 XF Falcon panel van | 1987 XFII Falcon S-Pack | 1988 XF Falcon GLS ute | 1993 EBII Fairmont V8 | 1996 XG Falcon ute | 2000 AU Falcon wagon | 2004 BA Falcon XT | 2012 SZ Territory Titanium AWD Proud to buy Australian and support Ford Australia through thick and thin |
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09-05-2012, 08:51 PM | #54 | |||
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They know FoA is worth far more to them within the region than one bad year.
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09-05-2012, 08:54 PM | #55 | |||
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09-05-2012, 09:06 PM | #56 | |||
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Customer buying habits change, the Falcon is no longer on the buy list [and they think a 4cyl. Facon will save its ***?] Yes, A/M would be very interested in the 100's of acres of prime real estate on Hume Hwy they can sell Last edited by RASER; 09-05-2012 at 09:14 PM. |
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09-05-2012, 09:08 PM | #57 | ||
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Swings and roundabouts.
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09-05-2012, 09:10 PM | #58 | |||
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http://www.ford.com/trucks/f150/ With free-trade with USA [no duty/tariff] they *could* easily sell it here for around that if they had to [AND make money] Last edited by RASER; 09-05-2012 at 09:12 PM. Reason: F150 Pick Up Truck |
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09-05-2012, 09:27 PM | #59 | ||||
Peter Car
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They would already be past the tip over point. The numbers they are making now are insignificant. |
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09-05-2012, 09:29 PM | #60 | |||
Peter Car
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Just look how much the F series sold for previously when they got them in factory RHD, they were over 70k. And now they no longer come in RHD. |
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