Agent Orange
New member
The unemployment rate in the United States reached a 26-year high of 9.7 percent in August 2009, and many economists expect it will continue to rise until it peaks above 10 percent in the first half of next year, Reuters reports.
Meanwhile, positive hiring news came last week from General Motors Co., which announced on Tuesday that it plans to recall 2,400 factory workers to plants in Michigan, Indiana and Kansas, adding additional shifts to the facilities to keep them operating around the clock to meet increased demand for certain vehicles, the New York Times reports. About a month ago, GM said it would rehire 1,350 laid-off factory workers in Ohio and Ontario as it began to increase production after a year of drastic cuts; those workers are scheduled to report in October.
Ford Forecasts 2011 Profitability
In a press conference in New Delhi, India, last week, Ford Motor Co. CEO Alan Mulally said he expected his company to return to profitability in 2011, predicting U.S. sales will reach 10.5 to 11 million units in 2009, 12.5 million in 2010 and 14.5 million in 2011, Agence France-Presse reports.
According to Mulally, the outcome of this rate of sales coupled with "[t]he guidance we have given overall — because we continue to invest in new products — is that we will be profitable in 2011."
Ford, the only major U.S. automaker to have avoided bankruptcy, has gone through three consecutive years of annual losses totaling $30 billion, with a $1.4 billion decline in the first quarter of 2009 alone, AFP reports.
Much of the company's planned turnaround depends on expanding its presence in Asian markets. According to CNN Money, Ford is investing $500 million in its Indian manufacturing plant to expand production to 200,000 units per year, with a special focus on the new Figo model designed for the Asian small-car market. Ford has similar plans for expansion in China, preparing to construct a new factory in southern China for the production of high-end sedans and sport-utility vehicles at a volume of 300,000 units annually, Bloomberg News reports.
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I know GM has foreign plants, in fact they are closing the Lorain, Ohio plant and moving it to Mexico to build a new motor.
What are these companies doing to help the American worker?
Would you consider them to be un-patriotic?
It seems to me that to keep them here we would have to work for peanuts. Isn't there a better way?
T. Rex, "to keep them here".
I know pays cuts are necessary but it seems that manufacturing jobs are going to people who make that in a day, if they're lucky.
Obviously no one has a better answer, you just want to make Dems look stupid.
I'm not worried about that, you've cornered the market.
The manufacturing overseas is profitable until the workers there start demanding an increase in pay.
Just like Japan.
It 'seems to me (again) that these corporations will continue to seek out the most destitute in order to preserve profits. Where does that leaves us?
I'm thinking socialism.
The last GM I bought the motor cracked at about 15,000 miles.
I had an extended warranty so they fixed it.
It happened again within three months, they didn't want to pay for it until I threatened to take them to court.
Great customer service.
Glad your Ford isn't a lemon, yet.
Just looking for reasonable ideas, not a conversation with a table.
Meanwhile, positive hiring news came last week from General Motors Co., which announced on Tuesday that it plans to recall 2,400 factory workers to plants in Michigan, Indiana and Kansas, adding additional shifts to the facilities to keep them operating around the clock to meet increased demand for certain vehicles, the New York Times reports. About a month ago, GM said it would rehire 1,350 laid-off factory workers in Ohio and Ontario as it began to increase production after a year of drastic cuts; those workers are scheduled to report in October.
Ford Forecasts 2011 Profitability
In a press conference in New Delhi, India, last week, Ford Motor Co. CEO Alan Mulally said he expected his company to return to profitability in 2011, predicting U.S. sales will reach 10.5 to 11 million units in 2009, 12.5 million in 2010 and 14.5 million in 2011, Agence France-Presse reports.
According to Mulally, the outcome of this rate of sales coupled with "[t]he guidance we have given overall — because we continue to invest in new products — is that we will be profitable in 2011."
Ford, the only major U.S. automaker to have avoided bankruptcy, has gone through three consecutive years of annual losses totaling $30 billion, with a $1.4 billion decline in the first quarter of 2009 alone, AFP reports.
Much of the company's planned turnaround depends on expanding its presence in Asian markets. According to CNN Money, Ford is investing $500 million in its Indian manufacturing plant to expand production to 200,000 units per year, with a special focus on the new Figo model designed for the Asian small-car market. Ford has similar plans for expansion in China, preparing to construct a new factory in southern China for the production of high-end sedans and sport-utility vehicles at a volume of 300,000 units annually, Bloomberg News reports.
------------------------------------------------------------------------------------------------------
I know GM has foreign plants, in fact they are closing the Lorain, Ohio plant and moving it to Mexico to build a new motor.
What are these companies doing to help the American worker?
Would you consider them to be un-patriotic?
It seems to me that to keep them here we would have to work for peanuts. Isn't there a better way?
T. Rex, "to keep them here".
I know pays cuts are necessary but it seems that manufacturing jobs are going to people who make that in a day, if they're lucky.
Obviously no one has a better answer, you just want to make Dems look stupid.
I'm not worried about that, you've cornered the market.
The manufacturing overseas is profitable until the workers there start demanding an increase in pay.
Just like Japan.
It 'seems to me (again) that these corporations will continue to seek out the most destitute in order to preserve profits. Where does that leaves us?
I'm thinking socialism.
The last GM I bought the motor cracked at about 15,000 miles.
I had an extended warranty so they fixed it.
It happened again within three months, they didn't want to pay for it until I threatened to take them to court.
Great customer service.
Glad your Ford isn't a lemon, yet.
Just looking for reasonable ideas, not a conversation with a table.