Monday, September 15, 2008

Ford with 65 miles to gallon

Just read in business week that Ford has a vehicle that can easily go 65 miles to the gallon. It won't sell it in the US. Whaaaaaaaat? They say because its diesel they will not have enough demand because prices are too high. They also say it will take it $350M to build a diesel plant in Mexico to offer in the US.

Wait a minute.
Ford is getting its clock cleaned by Toyota and Honda in this country because those auto companies are selling high efficiency vehicles in the US (albeit hybrids). Oh, oh, oh....
AND they want the feds (the US tax payer) to give it "bailout" money to help it because it continued to make BIG ASS vehicles that now are no longer in favor? Let's do the math...

Ford looses $1.0 Billion (yes that is Billion not Million) in cash EVERY month for its expense laden company YET it will not spend a fraction of that monthly loss to build a factory in Mexico to save its ass in the BIGGEST auto market in the world?

Well...
Maybe if you proposed to build the plant in the US then you'd be justified to ask for Fed $'s.

Good night Ford. With decisions like that... you deserve to die on the vine like Lehman.

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