Mixed Messages

wraymond · 28th June 2019, 10:56

In the news today, more (accurate) info re UK motor manufacturing and reasons to adjust perspective. Ford Chief Executive Jim Hackett (how apt?) produces figures about intended readjustment to its longer term attempts to achieve a return to profit in the coming years. The American firm says it will be closing factories in Germany, France and Russia by the end of 2020.

Earlier predictions in the industry were vigorously blamed on political events in UK and were apparently damning. Now it seems, unless the States mentioned are to undergo similar upheaval as yet unreported, there may be other more relevant factors involved. Figures are:

Total in UK...…………………………..3100 jobs
Germany...……………………………..5000
France...………………………………...1000
Rest of Europe ...…………………….600
Russia ...…………………………………2200
So, twice as many job losses in EU (exc. UK) than here. It’s all gone a bit Pete Tong on that front. Strange.

bl52krz · 29th June 2019, 10:44

Ford really have been bankrupt for years. I agree with your comments about ‘political’ events in GB. Whatever is/has gone wrong, then that is the cause.

28th June 2019, 10:56	#1
wraymond This is my second home 75 Auto 2.5 SE Join Date: Feb 2010 Location: Westcliff on Sea Posts: 5,186 Thanks: 423 Thanked 1,680 Times in 1,014 Posts	Mixed Messages In the news today, more (accurate) info re UK motor manufacturing and reasons to adjust perspective. Ford Chief Executive Jim Hackett (how apt?) produces figures about intended readjustment to its longer term attempts to achieve a return to profit in the coming years. The American firm says it will be closing factories in Germany, France and Russia by the end of 2020. Earlier predictions in the industry were vigorously blamed on political events in UK and were apparently damning. Now it seems, unless the States mentioned are to undergo similar upheaval as yet unreported, there may be other more relevant factors involved. Figures are: Total in UK...…………………………..3100 jobs Germany...……………………………..5000 France...………………………………...1000 Rest of Europe ...…………………….600 Russia ...…………………………………2200 So, twice as many job losses in EU (exc. UK) than here. It’s all gone a bit Pete Tong on that front. Strange. __________________ member no. 235 Last edited by wraymond; 28th June 2019 at 10:59..

29th June 2019, 10:44	#2
bl52krz This is my second home Rover 75 cdt club + Rover 2.5 KV6 Conni SE Join Date: May 2008 Location: Birmingham Posts: 11,387 Thanks: 6,587 Thanked 2,262 Times in 1,729 Posts	Ford really have been bankrupt for years. I agree with your comments about ‘political’ events in GB. Whatever is/has gone wrong, then that is the cause. __________________ Great Barr, Birmingham.