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i guess the auto boom of the twenty-teens is over.
Quote:
Ford is eliminating about 7,000 white-collar jobs — or about 10% of its salaried workforce — as part of a previously announced company-wide global restructuring.
About 800 U.S. workers will be losing their jobs between now and August. Some workers are being laid off while others are being reassigned, Ford says.
They are mostly getting out of cars also. At least in North America.
With Ford and possibly GM out, it looks like those of more modest means are eventually going to be stuck with the lower tier brands as Hondas and Toyotas are getting more and more expensive.
Ford had a 7% drop in sales over the last 12 months. In a capitalist system, if a business doesn't produce a product people want to buy, changes have to be made.
It's an interesting time for cars... Hyundai is getting better, Kia will need to improve quality more... But so many car makers jumping in... Tesla, Rivian...
Ford had a 7% drop in sales over the last 12 months. In a capitalist system, if a business doesn't produce a product people want to buy, changes have to be made.
yeah.. but at the same time, trump is threatening to impose auto tariffs on imports.
With technology, it's just gotten easier and easier to get by without a car if you live in a more urban area.
You can uber etc. much easier than the old "call a cab" days.
Various rental options, car sharing programs and so forth.
Not to mention transit and work from home options which are prevalent now.
The landscape for the car is changing and Ford is reacting.
Internet impact on car makers, brick and mortar stores, TV\cable, all print publications, paper makers etc. etc. etc.
It sounds to me like another sign that letting the legacy auto industry fail instead of continuing to bail it out would probably have been the right choice.
dont read more into the effort than is really there. ford is reducing management, not factory workers. and of the 7000 they are laying off only 800 are here in the states. and true that ford sales are slumping overseas, but they still make money in the US, and they are trying to continue t become more efficient in their core operations.
granted last time ford started doing this, the auto industry was at the beginning of going into hard times, so it may happen overseas, or it may not, we shall see.
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