Ford may cut more than the planned 34,000 jobs from its workforce in response to dismal second-quarter earnings. Merrill Lynch analyst John Murphy upgraded Ford on Tuesday to a “neutral” rating from his previous “sell” recommendation. He said part of the reason for the upgrade is his expectations of further job cuts. Murphy said the job cut plan at Ford “is currently a repeat of the old revitalization. However, it is on the verge of being accelerated with the update expected by mid September. We believe the key is accelerating headcount reduction.”
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07/26, 7:24 PM
posted by:
Bryan Detty
As Jim Cramer said on CNBC GM is 17 -18 years ahead of Ford……
Everybody talks about GM going down but rarely talk about the company that is struggeling FORD.
07/26, 7:36 PM
posted by:
Uncle Sam
Ditto Bryan….unfortunately for Ford, the CNBC comment is 100% correct.
07/26, 7:58 PM
posted by:
Thing2
Suggestion for Dictionaries:
In the definition of “oxymoron” use the following as an example:
“Ford’s plans”
07/26, 8:40 PM
posted by:
BASILISK CORVETTE
i agree with u bryan, gm is only going up from here amd ford is going down, and no1 truly ever tlks about ford going down
07/26, 10:21 PM
posted by:
Renton
True — Ford is in worse shape than GM. Just read the business sections.
That is why the dealers are trying to ass rape us on Mustangs. They could be out of jobs in a couple of years.
07/27, 9:45 AM
posted by:
GMrules
Because everyone would rather have GM vehicles than soem Ford Pile o ****
07/27, 10:31 AM
posted by:
Anonymous
Is GM hiring now that they have regained their dominance in the market? Maybe they’ll reopen the plants that were closed? Or maybe they’ll buy out the plants from Nissan/Honda/Toyota once all those companies are out of business
07/27, 11:47 AM
posted by:
Foster
GM rules go do something worth while than post stupid comments that you know nothing about. I cant belive that people will belive that GM builds so many different cars. THere all the same just minor apparance changes SUVs, Cars are finnaly starting to take a differant direction.
07/27, 4:08 PM
posted by:
al
# 6 “GM has regained their dominance in the market”???? wtf are u talking about?? also too bad nissan honda and Toyota are all doing a lot better than GM is.
07/27, 4:39 PM
posted by:
al
back to the topic, I belive that Ford should start [producing more cars in Mexico. This is because They can hire more workers for less money and this way they will reduce costs per car made.
07/27, 6:47 PM
posted by:
Kickin
GM dominance? Does that mean 99 cent Gasoline is making a return as well?
07/27, 7:05 PM
posted by:
chew the root
Have you driven a Ford lately?
I thought not.