Were you trying to describe today's global Town Hall? You are more wrong than you know. Today's meeting was the highlight of the year thus far. All of our top leaders presented along with a cameo from Bill Ford himself. What more could you want?
Astute employees would have caught DF's plug about gen-2 Model e products and BEV profitability. Which has been mentioned on this forum recently.
It's not hard to see this is 2008 all over again on steroids. UAW slammed the automakers at the peak, I'd even say past the peak of earning potential for this business cycle. It's downhill going forward, the automakers will not be enjoying profits like they have in the past, for a very long time. With the added drain that the UAW autoworkers achieved, I suspect, we'll be seeing 2008 re-negotiation styles all over again soon. Concessions all around, no one will have seen it coming.
One or two of these automakers are going to face bankruptcy again.
Well we know not a penny is coming from the top dogs giving anything up. They will continue enjoying all of their fat salaries bonuses and perks. Why dose ford have twice as many executives and vp’s then GM??? How much does that double layer of fat costing the company.?? So, only place to pillage from to pay of UAW is the salary employees. Say good by to US job and say hello Mexico.
Just saw on tv report on Ford’s Financial report . Said they will be looking at all areas to come up with the money to pay new Union salaries. OMG.