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  1. #1 Ford U.S. sales plunge 28 percent 
    Senior Member LogansPapa's Avatar
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    Tue Jul 1, 2008 1:14pm EDT

    DETROIT (Reuters) - Ford Motor Co said on Tuesday U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs under rising gasoline prices.

    Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.

    Ford shares fell more than 7 percent lower after the release of the monthly sales figures.

    In the Ford, Lincoln and Mercury brands in June, car sales declined 12.1 percent, crossover sales were off 17.8 percent, SUV sales sank 54.7 percent and truck and van sales sagged 37.8 percent, Ford said.

    http://www.reuters.com/article/busin...rpc=23&sp=true
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  2. #2  
    Eyelids
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    GM did "well" by only losing 18% of sales too.
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  3. #3  
    Senior Member LogansPapa's Avatar
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    "Losing a job is painful, and I know Americans are concerned about our economy; so am I. It's clear our economy has slowed, but the good news is, we anticipated this and took decisive action to bolster the economy, by passing a growth package that will put money into the hands of American workers and businesses." March 7, 2008 / GWB
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  4. #4  
    noonwitch
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    I do think that ultimately, Mullaly will save Ford, but it will be at the price of a lot of jobs. Ford's biggest mistake was replacing Jacques Nassar with Bill Ford, Jr. Bill is a good guy, the one you want doing public relations, but not a good CEO-he ran the Lions before he ran Ford Motor. That should say it all. That, and he made the misguided move of ending the production of the Taurus, one of their best-selling cars (they're making them again).


    The Focus is a good seller, the best mileage on an american car. I like my 2005 one, and the new ones look even better.
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  5. #5  
    Junior Member Penguins Fan's Avatar
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    We bought a new Ford Escape just two months ago. Front wheel drive only, five speed, and I think it's a terrific car. The price was excellent and I get more than 25 MPG.

    I think everybody's sales are down except maybe Honda.
    The Pittsburgh Penguins - 2007-08 NHL Eastern Conference Champions
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  6. #6  
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    Meh, nothing to lose our heads over. Sales fall, production cuts follow, job loss, then prices. New car buyers begin to re-enter the market, sales rebound. {insert Circle of Life song}
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  7. #7  
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    Quote Originally Posted by AmPat View Post
    Meh, nothing to lose our heads over. Sales fall, production cuts follow, job loss, then prices. New car buyers begin to re-enter the market, sales rebound. {insert Circle of Life song}
    very true; what I find amusing is that the American & EU auto makers have stampeded to China to gain an advantage of cheap labor, and now shipping costs have increased dramatically due to fuel cost. The Japs knew what they were doing by producing cars in the US.
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  8. #8  
    Senior Member LogansPapa's Avatar
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    Another 62,000 jobs gone in June - the 6th consecutive month of job losses, according to a U.S. Labor Department report yesterday.

    The world's largest economy has now shed 438,000 jobs since the start of the year.

    "If there's no recession, someone forgot to tell the labour market," David Rosenberg / Merrill Lynch.

    Don't worry - Be happy.
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  9. #9  
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    Quote Originally Posted by LogansPapa View Post
    Another 62,000 jobs gone in June - the 6th consecutive month of job losses, according to a U.S. Labor Department report yesterday.

    The world's largest economy has now shed 438,000 jobs since the start of the year.

    "If there's no recession, someone forgot to tell the labour market," David Rosenberg / Merrill Lynch.

    Don't worry - Be happy.
    But, but, it don't matter that the Euro is at $1.58, unless you'se one of dem commies that has to do business in dem foreign monies.

    Ain't got no place to lay your head
    Somebody came and took your bed
    Don't worry, be happy
    The land lord say your rent is late
    He may have to litigate
    Don't worry, be happy
    Lood at me I am happy
    Don't worry, be happy
    Here I give you my phone number
    When you worry call me
    I make you happy
    Don't worry, be happy
    Ain't got no cash, ain't got no style
    Ain't got not girl to make you smile
    But don't worry be happy
    Cause when you worry
    Your face will frown
    And that will bring everybody down
    So don't worry, be happy (now).....
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  10. #10  
    Senior Member LogansPapa's Avatar
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    Ah, not to worry - The Recession won't officially begin until January 20th, 2009.;)
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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