Dynaverse.net

Off Topic => Ten Forward => Topic started by: Jack Morris on August 15, 2005, 09:50:51 am

Title: Ford says "You are fired!"
Post by: Jack Morris on August 15, 2005, 09:50:51 am

http://www.usatoday.com/money/autos/2005-08-15-ford-cuts-usat_x.htm

Looks like bad times for the big 3. Not that they have not had enough already due to high debt and a Japanese automaker arsekicking.  :(

Title: Re: Ford says "You are fired!"
Post by: toasty0 on August 15, 2005, 09:55:52 am

Did you see where GM sold billions in paper to BofA? Seems to me a bit short-sighted to sell off your cash cow(especially one that gives you a better ROI than any of your other divisions), but maybe they get a nice write down out of it.

Never the less, selling off cash flow seems suicidal in the short or long term...to me anyways.