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  • #16
    [quote]Originally posted by Studedude1961

    A billion here and a billion there and pretty soon you're talking real money!

    Even allowing for inflation and using the political spin of today, Studebaker was much more successful..ahem...than Ford.

    Immediately after WW-II, that was correct. Old man Henry had driven that company into the ground so bad that HF-II was allowed to come home from the service a few months early to turn Ford around. In late 1946, Ford was losing something like $3 million a month (a fantastic sum in 1946/7), and the 1949 Ford was their 'do or die' product. Of course history showed HF-II was successful in turning Ford around, but apparently during Ford's 'dark days' in 1947, Harold Vance was approached for a merger or a purchase of Ford by Studebaker, but he was not interested. Studebaker was on a roll with its new '47's and making good money. Last thing Studebaker needed was a liability with assets ten times as large as what they had at the time.

    Craig

    Comment


    • #17
      [quote]Originally posted by Studedude1961

      A billion here and a billion there and pretty soon you're talking real money!

      Even allowing for inflation and using the political spin of today, Studebaker was much more successful..ahem...than Ford.

      Immediately after WW-II, that was correct. Old man Henry had driven that company into the ground so bad that HF-II was allowed to come home from the service a few months early to turn Ford around. In late 1946, Ford was losing something like $3 million a month (a fantastic sum in 1946/7), and the 1949 Ford was their 'do or die' product. Of course history showed HF-II was successful in turning Ford around, but apparently during Ford's 'dark days' in 1947, Harold Vance was approached for a merger or a purchase of Ford by Studebaker, but he was not interested. Studebaker was on a roll with its new '47's and making good money. Last thing Studebaker needed was a liability with assets ten times as large as what they had at the time.

      Craig

      Comment


      • #18
        At the risk of getting slightly off topic and earning a rebuke from the mods...

        When it comes to offshore jobs it's the same thing in the airline industry. Airbus has huge indirect national subsidies...like they don't have to pay off R&D loans until AFTER the program has made a profit.
        The result:
        McDonnell-Douglas and Lockheed are out of the airliner business, with thousands of high paying jobs lost.

        Airbus then sells the planes with rock bottom financing through European national banks. Aviation Week reported American West was getting a $1 million rebate for every A320 they bought. (Then the airline wanted the city of Phoenix and its taxpayers to fund a new maintenace base. If they didn't, they threatened to pull out of the city.)

        So next time you fly on an Airbus belonging to Northwest, United, or someone else, thank them for losing American Jobs.

        63 Avanti R1 2788
        1914 Stutz Bearcat
        (George Barris replica)

        Washington State
        63 Avanti R1 2788
        1914 Stutz Bearcat
        (George Barris replica)

        Washington State

        Comment


        • #19
          At the risk of getting slightly off topic and earning a rebuke from the mods...

          When it comes to offshore jobs it's the same thing in the airline industry. Airbus has huge indirect national subsidies...like they don't have to pay off R&D loans until AFTER the program has made a profit.
          The result:
          McDonnell-Douglas and Lockheed are out of the airliner business, with thousands of high paying jobs lost.

          Airbus then sells the planes with rock bottom financing through European national banks. Aviation Week reported American West was getting a $1 million rebate for every A320 they bought. (Then the airline wanted the city of Phoenix and its taxpayers to fund a new maintenace base. If they didn't, they threatened to pull out of the city.)

          So next time you fly on an Airbus belonging to Northwest, United, or someone else, thank them for losing American Jobs.

          63 Avanti R1 2788
          1914 Stutz Bearcat
          (George Barris replica)

          Washington State
          63 Avanti R1 2788
          1914 Stutz Bearcat
          (George Barris replica)

          Washington State

          Comment


          • #20
            The report I heard on the radio the other day said that Ford's healtcare bill was over 3 billion annually, with 2/3 of this being for the retired pensioners. It seems very clear to me that until we decide we can no longer afford to be the only developed country in the world that doesn't have government paid health care we can look forward to seeing more jobs shipped out of the country by companies that would rather avoid this kind of expense.

            Tim K.
            '64 R2 GT Hawk
            Tim K.
            \'64 R2 GT Hawk

            Comment


            • #21
              The report I heard on the radio the other day said that Ford's healtcare bill was over 3 billion annually, with 2/3 of this being for the retired pensioners. It seems very clear to me that until we decide we can no longer afford to be the only developed country in the world that doesn't have government paid health care we can look forward to seeing more jobs shipped out of the country by companies that would rather avoid this kind of expense.

              Tim K.
              '64 R2 GT Hawk
              Tim K.
              \'64 R2 GT Hawk

              Comment

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