tab Sucker Moderating Team 32,303 Member For: 20y 11m 17d Gender: Male Location: Brisbane Posted 08/12/13 11:39 PM Author Share Posted 08/12/13 11:39 PM More key points for you Dags: - Ford US - pre-tax - on a turnover of 36 billion - after tax profit of 1.8 bill, or 5% profit. That's pretty slim and is nothing extraordinary from a shareholder's perspective Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444743 Share on other sites More sharing options...
Dagabond Bored Member Administrator 35,722 Member For: 22y 4m 28d Gender: Male Location: Dé·jà vu Posted 09/12/13 02:12 AM Share Posted 09/12/13 02:12 AM So it's cool to have a stupidly gross profit margin by using under paid workers in foreign countries whilst putting hard working Australians out of a job that some have dedicated most of their life too.The average worker on the line that makes up most of the employee base would be on $800-$900 a week. Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444774 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 11d Gender: Male Location: South West QLD Posted 09/12/13 03:05 AM Share Posted 09/12/13 03:05 AM $800-$900 a week is still pretty friggin okay for a relatively unskilled workforce..I know plenty of uni qualified blokes who started out on $700 odd per week with no Overtime or anything outstanding.. With cost of manufacturing in australia it's only a matter of time before everything is outsourced and we'll be 100% reliant on our cheaper waged neighbouring countries..A comedian the other night summed it up perfectly when he said Australia is waterskiing behind the ski boat that is china's cheap workforce. Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444778 Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 20y 11m 17d Gender: Male Location: Brisbane Posted 09/12/13 04:20 AM Author Share Posted 09/12/13 04:20 AM Dags I think you're completely missing the point, yes a profit of several billion sounds huge in dollar terms but contrast it against the amount of turnover and capital and it's really fck all. A company's performance is ultimately judged on the earnings per share...Ford US shares are currently $16.70 and that article you linked to mentions earnings of $0.31. A return of 1.85%. That is fckn peanuts no matter how you look at it and no wise investor would be happy with that. Currently a Level 1 non-trade Ford employee is on a base pay of $1021.45 per week, plus a sh*tload of allowances and conditions that are unheard of in the real world. The award specifies $622.20 per week for the same level. Now why aren't the local plants profitable??? Sources if you're bored: Award: https://extranet.deewr.gov.au/ccmsv8/ExternalDocument.aspx/BYREF/0928875289550075488889912894/216381/MA000089.htm#P1558_148461 Ford EBA (p28): http://www.fwc.gov.au/documents/agreements/fwa/AE896758.pdf Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444792 Share on other sites More sharing options...
fehlbie Donating Members 142 Member For: 16y 10d Posted 09/12/13 11:39 AM Share Posted 09/12/13 11:39 AM Unions are burying this country at a rapid rate. They have killed Qantas and helped the demise of Ford Australia. They don't realise that making businesses unprofitable will end up putting there members in the dole que. Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444875 Share on other sites More sharing options...
FPV TRANNY Im the one and only Donating Members 3,557 Member For: 20y 3m 4d Gender: Male Location: In my house Posted 09/12/13 11:52 AM Share Posted 09/12/13 11:52 AM Why dont Ford ditch there dealer network and sell directly online.Cut out the middle man.Sounds silly but we did it with our company and we have now established our own network of sales.Its the new age and people are driven by the dollar.. 1 Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444878 Share on other sites More sharing options...
Z2TT Member 714 Member For: 12y 10m 16d Posted 10/12/13 01:06 AM Share Posted 10/12/13 01:06 AM Probably another reason is that the majority of Ford dealers are pretty poor at selling a good product, most ones here in Perth that I went to had no idea what they were on about, crap sales skills, could not describe features of car and differences between options/trims, only 1 decent salesman of nearly all dealers I went to. Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444954 Share on other sites More sharing options...
Never had any say Panda I <3 Floods Silver Donating Members 11,198 Member For: 13y 8m 11d Gender: Male Location: South West QLD Posted 10/12/13 01:36 AM Share Posted 10/12/13 01:36 AM Ditching dealer network means contracting Deliveries, Contracting Service/Warranty works (imagine if Ultratune or worse Pingtune got a contract)Dealer network with korean cars seems the better option in my books. Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1444958 Share on other sites More sharing options...
GMK76 New Member 3 Member For: 12y 5m 9d Posted 12/12/13 12:50 AM Share Posted 12/12/13 12:50 AM Ford and Expensive Daewoo shouldve axed the commadore and Falcon and bought back the Cortina and Torana the govt should not prop up business as they say u need to make a product that ppl will buy Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1445298 Share on other sites More sharing options...
mike0819 Member 69 Member For: 11y 4m 17d Posted 25/05/14 11:17 AM Share Posted 25/05/14 11:17 AM Ford is close production after 2016. Does that mean we get no more xr6 turbo? How sad is that. I hope they will make some thing better. They have the taurus sho awd in us. Which is not as fast like our turbo Link to comment https://www.fordxr6turbo.com/forum/topic/85030-the-end-of-ford-aus/page/26/#findComment-1473835 Share on other sites More sharing options...
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