Just saw that GM will defer 20% of working level salaries starting April 1, with lump sum repayment as late as March 2021. You know Ford and FCA will follow. Things are going downhill quickly. People - stay at home.
Tuition reimbursement on hold?
A few coworkers mentioned that they heard the STAP tuition reimbursement is also suspended now. I cannot find this posted anywhere or mentioned in any of the videos. Does anyone have any further insights on this? Any chance they let you take classes... — read more
CEO memo ...
https://www.freep.com/story/money/cars/ford/2020/03/26/ford-executive-pay-job-cuts-hackett/2915125001/
Required Vacation Time
At least one person on this site said we would have mandatory vacation from Apr 6 to Apr 9. He/she was right! How did he/she know?
And some more recalls (again!)...
When are recalls ever going to stop? https://www.mlive.com/news/2020/03/ford-recalls-268k-cars-with-doors-that-could-unexpectedly-open.html https://wwmt.com/news/local/ford-motor-co-issues-recalls-for-north-america-canada
Ford Bonds Will Be Removed From Investment Grade at End of Marching
S&P just joined Moody's in rating Ford bonds high yield (junk). Since the majority of the ratings agency's consider Ford bonds junk it will be made official April 1st
Any news on layoffs ?
Have any one heard any news regarding engineers layoffs ??
Supplier cost savings.
Time for 20% supplier cost reductions due to our falling stock price and stupidity. What a difference two weeks can make.
Ford Family Selling, anyone hear this rumor?
Any truth to this? It makes sense to me. The family exchanges their shares for hard assets and go to their island or luxury bunker out in Colorado. Bottom line, with the downgrade yesterday by Fitch it will be more difficult to get credit. And if... — read more
Fitch downgrades Ford to lowest investment grade because of COVID-19
Fitch downgrades Ford to lowest investment grade because of COVID-19: https://eu.detroitnews.com/story/business/autos/ford/2020/03/23/fitch-downgrades-ford-bbb-lowest-investment-grade/2899141001/
Ford IT - Contract worker laid off today
H1B contract worker laid off today from I-tech building today.....Anybody else knows about it.?
Furlough - All This Water Cooler Talk
Anyone familiar with it @ Ford. Been there a while and heard it happened back in the day but never heard details of what it entails.
Treasury Secretary Says Expect 10 -12 Week Lock Down
We are in it for the long haul. Hard to believe companies with solid balance sheets can endure this economic climate let alone a company reeling such as Ford. I think they will furlough everyone - white collar - adjust cycle plan and call back... — read more
Should I leave Ford for FCA
I’m a GSR8 with Ford for ~5 yrs, got an attractive promotional offer from FCA,?I know at Ford even if I wait 20 yrs it will be a miracle to get to LL6 , plus who knows if the gamble the 2 Js are playing is worth it or not... on the other hand FCA has... — read more
Should I leave Ford for FCA
I’m a GSR8 with Ford for ~5 yrs, got an attractive promotional offer from FCA,?I know at Ford even if I wait 20 yrs it will be a miracle to get to LL6 , plus who knows if the gamble the 2 Js are playing is worth it or not... on the other hand FCA has... — read more
Where do we go from here
So Hackett has been so in love with the kids, and nothing but scorn for anyone with experience - what the heck cards does he have left to play. We see the self serving nature of the kids playing out with the pandemic - yep good luck. Hackett bet the... — read more
Divided suspended, shareholders hosed, company is toast
No reason to invest in Ford. Even the CEO dumps all his shares.
UAW shutdowns
Why should UAW show up for work when all salaried people are sitting at home collecting full pay and benefits for doing nothing? If this company is driven into bankruptcy, shareholders and employees will be hurting, and the Ford family will still... — read more
Stock Picks At What Entry Point?
Dow is down 32.6% from peak. For those who are under-invested what stocks are you looking at that will power through the crisis? What entry point would be a tremendous opportunity?
Factory Closures: General Motors, Ford Motor and Fiat Chrysler
The Hill reported that "Major automakers to 'review and implement' rotating partial shutdown, union says Three of America's largest automakers have agreed to institute a rotating partial shutdown of production facilities amid the coronavirus... — read more
Confirmed Corona Case in Building right off Oakwood
Building is 1st building off Oakwood between the DFCU bank and the main gate.
Now we will truly see what the 2 Jim’s are made of
Can the steer the company away from the brink and inspire consumer and employee confidence like Alan did, or are they in completely over their heads like WCF Jr was? We will find out either way very, very soon.
Ford factory closed in Spain after testing
https://www.freep.com/story/money/cars/ford/2020/03/16/ford-closes-valencia-spain-factory-coronavirus-covid-19/5056659002/
Offers - PRP - Voluntary Reductions
With rumors of Dividend cuts on Wall Street and the current events of the last few weeks how long can this economy sustain viable long term operations. How long before they go to some sort of voluntary reduction.
Is this a joke? Who is running this company?
https://www.detroitnews.com/story/business/autos/ford/2020/03/13/jim-farley-stock-grant-if-not-made-next-ford-ceo/5045810002/
Smart Mobility / Ford-X vs. Train Station
It speaks volumes that a Ford employee would consider working in the Train Station group a better career choice than working in the Smart Mobility / Ford-X group.
Fate of upcoming IT FCGs?
Considering the current state of Ford and overall US economy, is it likely that a new FCG can get laid off?
Working from Home
Just curious if Ford has sent direction that employees are to work from home?? Mainly interested in PD.
Will Ford allow contractors to work from home?
Ford doesn't allow contractors to work home. Will the threat of covid19 have the leadership change this policy temporarily or will it just be a reason to cull the herd further?
Forget the Dow: Coronavirus Could Send Ford Stock to Zero
"With deteriorating margins and massive debt, the legendary American automaker is running on fumes. It may not make it to the finish line." "Remarks from Ford’s management suggest that they see the writing on the wall. Jim Farley, the company’s... — read more
The calm before the storm
All the negative employee comments about for leadership, the economic bubble, the corona virus that could be a weaponized variant, over prized vehicles/ housing, and election year especially this one where all knives will come out...... it’s not... — read more
The Sadness of the Ford Employee
Since Hackett, all that Ford was and what it could be has been destroyed. The light and sense of unity has been eliminated. Bill Ford's greed and blind stupidity had led us down this path. Time will tell the sad story of how Bill Ford and Jim... — read more
Consumer Reports
A domestic brand fiasco - total... Honestly, even Tesla did not do that good. I've posted some snippets and rankings... Sources are below... Domestic Automakers: Dodge was the most reliable domestic brand, but the Durango had... — read more
New Ford costs re: bad Focus & Fiestas
https://www.freep.com/story/money/cars/ford/2020/03/05/ford-fiesta-focus-owners-get-buybacks-cash-class-action-lawsuit/4937362002/
Another Enlightening HUDDLE
You would think by now that JH and Ford family would see their utopia visions are flawed and the company is dying a slow death. Nope, he's doubling down on his plan for a future of all electric self driving vehicles and a diverse workforce. ... — read more
Finally Fed Up
29 years in and hitting 30 in May. I love this company and have always given my best incl countless unpaid overtime during the week, working on the weekend, and checking emails and projects while on vacation. I did this willingly because I want... — read more
Anyone Ever Resign/Quit
If so did you write a formal letter and if so what was the process. How does the process play out in HR.
Salaried Profit Sharing 2020
Most people in EPE has not heard anything about the salaried bonus this year, however , the benefits site ask you to pick an option if you want your bonus money invested in 401k, payout date listed is 13 March. Does anyone know if Ford is going to... — read more
Coronavirus Mega Thread for Ford
Comment in this thread - it'll be the main thread.
Has the local news even reported on this latest Ford recall...?
Ford is recalling thousands of F-150 pickup trucks for a problem with the headlights If you own a newer model Ford F-150 pickup, your truck may have an issue. Ford announced that it is recalling more than 166,000 F-150s because of an issue with... — read more