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I know that Ford takes a lot of flak (deservingly in many cases) but I've always been very impressed by how consistently the company has seemingly been run. If
by CSMastermind 4y ago
I know that Ford takes a lot of flak (deservingly in many cases) but I've always been very impressed by how consistently the company has seemingly been run. If I remember correctly, and I'm sure someone will correct me if I don't, they are the only one of the 'Big 3' American auto manufacturers to not need a bailout.
- bobthepanda 4y agoYes and no. Ford did not participate in the explicit bailout for the auto industry, but their financial arm did receive loans from the federal government. (GM and co. also received this type of assistance in addition to the bailout.)
- MisterTea 4y agoThere was a time when Ford owned a bunch of brands at the same time which made them quite a large car company: https://en.wikipedia.org/wiki/Ford_Motor_Company#Former_marques https://en.wikipedia.org/wiki/Ford_Motor_Company#Former_marq... I was very surprised to see they were listed as stand alone in that list.
- brk 4y agoThe list seems to be Australia-centric. In the US Ford still owns the Lincoln brand as well.
- DwnVoteHoneyPot 4y agoFord is bipolar. On one hand some models are pure garbage. Then on the other hand their F-150 truck is incredible. Mustang and new Bronco are also loved.
- lowbloodsugar 4y agoWatch Ford vs Ferrari to get an idea of what Ford is like. Also be aware that you are not their customer. Their dealers are their customers. This is why a Shelby with an MSRP of $60k goes for $90k, while a faster $72k MSRP Camaro goes for <$70k. Ford makes limited runs so dealers can put insane markups, while GM makes cars for people to buy. (Bonus, when GT350s' rear differentials overheated on the track, Ford said "The GT350 is not a track car" - Shelby is rolling in his grave). Ford's "halo" car is $300k MSRP, GM's is $190k. Guess which one you can actually buy. I have owned three Mustangs including a GT500, and tracked them, and will never buy Ford again.
- neogodless 4y agoI assume you mean the Ford GT costing $300k. What car from GM sells for $190k? Is it a rare special edition of the Corvette? The base car is $60k, and even the Z06 starts around $90k.
- lowbloodsugar 4y agoThe Corvette ZR1 has the same times around a track (e.g. VIR) as the (new) Ford GT. The C7 Z06 is as fast as the older (2005) one. However, these don't tell the whole story. The GT is pretty highly strung whereas the Corvette's have a lot of room to improve with relatively inexpensive upgrades.
- neogodless 4y agoIs there a version of the ZR1 that's $190k (...currently available)? I thought it started at around $125k. Overall the Corvette is the halo car... with a range from $60k up to about $125k. But I haven't actually walked into a dealer and asked them how much they'd want to order me up a ZR1 :)
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- tmh88j 4y ago>Also be aware that you are not their customer. Their dealers are their customers. > Ford makes limited runs so dealers can put insane markups, while GM makes cars for people to buy. Didn't they just announce fixed price direct to consumer sales for EV's?[1] Regardless, I'm not quite sure what you mean by that. Dealers reap the markups, not Ford, and they're hardly moving any of those trims compared to the F-150 and other "normal" vehicles. If anything it's hurt them. The Focus RS was arguably axed because of dealer greed[2]. Of course Shelby has more fanboys, Chevy doesn't have an equivalent. Ford has made non-Shelby Mustang Cobras in the past and currently have the Mach 1 to replace the Shelby GT350. Having shopped for both I can say with confidence that regular Camaros trims in general tend to be higher marked up than Mustangs because their production volume is much lower, especially with the 1LE package. Ford churns out performance pack Mustangs like they're base models. [1] https://www.kbb.com/car-news/ford-ceo-wants-future-of-online-sales-fixed-car-prices/ https://www.kbb.com/car-news/ford-ceo-wants-future-of-online... [2] https://www.thetruthaboutcars.com/2017/07/barks-bites-focus-rs-dead-dealers-blame/ https://www.thetruthaboutcars.com/2017/07/barks-bites-focus-...
- linksnapzz 4y agoOne of the things that Ford has, which GM and Chrysler did not, is the continued heavy involvement of the founding family. There are two classes of Ford stock, one for family and one for everyone else. The holders of the family shares have a way-outsized voting influence on the board, and can bring a great deal personal interest and scrutiny into how the company is run. Always remember whose name is on the side of the building.