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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (35334)	8/12/2005 7:00:05 PM
From: RealMuLan	Respond to of 116555

3.09/gl? horrible. Luckily I do not drive much

To: Chispas who wrote (35334)	8/12/2005 7:05:40 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Ford gearing up for more layoffs DETROIT (Reuters) - Ford Motor Co. (F) is bracing for more restructuring actions, which may include plant closings and additional layoffs, as it tries to stem steep losses in its key North American vehicle operations. ----------------- "The challenge we face isn't a traditional economic downturn," Ford Chairman and Chief Executive Bill Ford Jr. said in an e-mail message to employees this week. "It's a new, rapidly evolving, brutally competitive global marketplace." money.excite.com comments from Steve on the FOOL follow Translation: over the years, management has consistantly put vehicles into production that noone wants unless we put thousands of dollars on the hood. To compensate for this bonehead management that has forgotten what it knew so well in the 60s, how to make exciting cars, our employees will be sacrificed. The local news tonight reports that the headcount reductions started today, with people being notified they were gone and being escorted out by security on the spot. Steve