I agree it is Wall Street pushing for this change and although the Ford family still maintains a large share of voting rights they are far from majority shareholders, that's reserved for funds which help push for the Wall Street agenda of short term gains.When I first posted this, it was one of those things I knew was coming, I wasn't surprised an didn't think much about it, now that I've had a day or two to think about it I'm pretty ****** so here is some random thoughts on my part.
1. I've seen the numbers and I agree people are NOT buying American cars BUT the manufactures have to take some of the blame since they have done NO MARKETING, the ONLY commercials I've seen from FMC is for trucks, In fact now that I think about it the one commercial I did see for the Taurus SHO got me to buy one, a few years later but still I bought one. Not just the SHO Ford makes some really nice cars but they do little to no marketing for any of them, at least compared to other manufactures I see BMW, Toyota, Lexus etc all the time, nothing from America. IMHO It seems to me we are all being taken for granted, they just assume those who buy there product will continue to do no matter what the are selling, I find it very insulting.
2. American auto makers are always chasing trends NOT setting them, I always find them to be reactive not pro-active. When Japan first started importing cars into the states everyone laughed BUT then they started selling us the cars we didn't know we wanted, until we did. Electric/Hybrids is coming weather we like it or not gas prices will go up again, the world will go to **** again, and American auto manufacturing will once again be playing catch up
3. FMC is risk averse, they are still primarily owned by the Ford Family and from what I have seen the only rule is, "Keep the checks coming and keep them big", In some ways that is a good thing, they did not need an auto bail out, on the other side nothing cool ever happens without some risk. As with most companies today it has nothing to do with building a good product, great brand, taking care of your customers or expanding into new markets. This is all about stock price, meeting Wall Street expectations, and making money for share holders. Henry Ford was a SOB who did a lot of crappy things BUT he was also a visionary who wanted to do more them make money he wanted to build something.
4. Lastly, I have been an American Automobile Ford man my whole life, my whole family has, I cant even count the number of Fords we have owned BUT F-it this is greedy, lazy, and short sighted, they are not even trying to build loyalty or a customer base. I think I will start saving my money for one of those Alfa Romeo Giulia, I always wanted an Italian sports care an it seems American company's no longer want my business. Look I know how the world works an I know this is a rant BUT its also true company's used to stand for something, they used to want to build there business and build a better product then the next guy, it just seems like we are losing more then a few car models, Have a great weekend all.
Charlie/
FCA increased it's profit margins significantly by killing all their cars but the Challenger/Charger/300 but it's trucks and Jeep that is making them money, GM is killing cars as well and even non-US manufacturers are feeling the American SUV push, Bentley, Lamborghini, even Ferrari are jumping on the train. The Camry is the only tradition sedan maintaining decent sales figures, even the Accord, arguable the best mass market sedan out their currently isn't selling as expected. Hyundai has missed sales targets for the last few years.
I don't see this trend changing until either gas prices spike long enough to significantly outpace electrification efforts and/or the financing market collapses(which I don't believe the current trend of increasing sub prime market and longer terms/higher average vehicle cost is sustainable)
