Word: fording
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Dates: during 2000-2009
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...Most large car companies posted more significant unit sales drops in February than analysts expected. GM (GM) only sold 268,737 light vehicles. Three years ago, that would have been its take for the July 4th "cash back" weekend. Ford (F) moved 96,044 units, off 48% from the same month last year. As usual, the Ford PR department did what it could to misdirect and dissemble. Early in its statement about last month's sales, Ford pressed the case for how fabulous it new products are. The most important announcement the company thought it was making was that Ford...
...Ford are finding out, losing 50% of monthly sales isn't risky. It's fatal. If The Big Three are each going to loss $1 billion to $2 billion dollars a month, they might as well do it selling cars to people who are likely to get fired...
Last week, President Obama nominated Ashton B. Carter, the Ford Foundation Professor of Science and International Affairs at the Kennedy School of Government, to become the new director of weapons procurement at the Pentagon. Carter, who has been an outspoken critic of wasteful and excessive defense spending, brings an already-impressive resume to the position, having served as assistant secretary of defense for international security during the Clinton administration. We applaud Obama’s wise selection and hope that Carter’s nomination signals a major change in the Defense Department’s procurement policy. The selection...
...Armory Show is the main event, featuring 243 galleries at Piers 92 and 94. If that seems too overwhelming, there are smaller venues, like Volta, an invitation-only showcase for galleries like Swiss dealer Haas & Fischer, with sculpture including Joshua Callaghan's "The 100 Year Anniversary Commemorative Model-T Ford," and London's Rokeby Gallery, with video artist Erica Eyres' short film about a female-only future. If you want to see actual Picassos, the city's museums are offering discounted admission. Armory Show: Piers 92 and 94 (12th Avenue at 55th Street); Volta: 7 West 34th Street...
...began to worry about rising health-care costs as far back as the 1950s, feared that the auto companies would one day not be able to meet their obligations. That that day is here is one reason the UAW made yet another concession. It reached an agreement with Ford to change the way the company contributes to the retiree health-care fund administered by the UAW. Instead of cash, Ford now has the option of issuing stock to fund up to 50% of the Voluntary Employee Beneficiary Association, or VEBA. It means that the health of UAW members is tied...