hi5.0

Don't know if anyone else heard about it. It seems Ford may close 5 plants and lay off about 7,000 employees in an attempt to restructure in response to their continuing losses in revenue. Supposedly they will announce their restructuring plans early sometime next month. On another note, I saw an business analyst give GM good prospects concerning their future product lines/product plans while saying Ford's problem is it does not have a consistent one. Maybe we should be more worried about Ford?

scottie1113

I saw this on CNN this morning. Bad news for 7500 people but Ford has to do something the stop their osses. I couldn't be more worried about Ford than I already am.

1999 Black 35th GT

These plans are old news. They've been in talks for quite some time, but the plan won't be definite until its finalized.

Again, the media loves to overhype bad news. If its good news no one's interested. If its bad or has the potential to sound bad they will run with it so everyone stares and gawks.

When was the last time you saw a front page headline about more jobs being available.

Autotooner

Hollywood_North GT

Just last night on CNN as a matter of fact. They talked about how the economy has had an aggregate 3% growth increase over the past 10 quarters and is doing quite well even despite Katrina, the war and other factors.

But the dangers to the American auto industry are real, and no one should have any illusions about the crisis they face.

1999 Black 35th GT

Front page huh? Funny how all I saw was bad news about the blackberry and other crisis's. I'm not going to get into an arguement about this but the negativity far outweighs the positive news.

Nuts4Ford

Its true. Im a Communications major in college and every media class I have taken so far tells us that the bad news recieves a greater response than the good news does. And unfortunetly all the media stations and papers rather focus on ratings/readers than reporting the news overall.

Hollywood_North GT

Sure, but that's not a revelation. It's human nature. Would you rather watch a chick flick or a movie with car chases, carnage and explosions? Same reason people can't help but stop to look at a car wreck. Same reason human beings still make war upon one another and can't get along. Conflict is at the root of the human condition (all drama is based upon it) and the most fascinating thing to report upon. So of course it sells. Human nature - being what it is - gives the media plenty of material to work with.

By the same token, just because the media is reporting slumping domestic car sales doesn't mean domestic car sales aren't slumping.

scottie1113

By the same token, just because the media is reporting slumping domestic car sales doesn't mean domestic car sales aren't slumping.
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Sad, but it's true.

Louie

Here's my post with a link to the CNN article:

http://forums.bradbarnett.net/index.php?showtopic=40206

Mods, merge topics if needed.

toolttime

Hmm maybe all the strikes the autoworkers had in the 70's and 80's with all the deamndsare comming back to haunt them. I think maybe ford and gm can't afford them now.