Mustang Production Plants comes to a halt!!!

Ford has announced it plans to halt production at 10 of its plants by an additional week. According to reports, this will impact the production of the Mustang, in addition to the Taurus, Focus, Explorer, and Ranger. What's normally a two-week shut down will extend an additional week, with production resuming on January 12, 2009. So yes, gas is finally dirt cheap again, but the companies that make the cars appear to be running on financial fumes. I don't know how it will all net out, but one thing's for certain; times are changing and changing fast.

One will fall, which one of the Big 3 will it be? (if at all)

I actually see GM falling first. They make more money with their financing company GMAC than they do selling cars and GMAC is having a lot of financial trouble. I really hope none of them fall though not only because the muscle car wars are finally starting up again, but thats a lot of lost jobs too.

JStang314 wrote:I actually see GM falling first. They make more money with their financing company GMAC than they do selling cars and GMAC is having a lot of financial trouble. I really hope none of them fall though not only because the muscle car wars are finally starting up again, but thats a lot of lost jobs too.

You are aware that the Holding Co. that owns Chrysler owns 51% of GMAC.

PERSONNALY I THINK GM WILL FALL. THEY ARE THE ONES THAT PROMISS THE MOST AND YET DELIVER THE LEAST.

None of them are going to fail! They will file for bankrupsey protection and reorginize way before they fail.

So true, they think that the word "bankruptcy" will hurt consumer confidence in their product. It will end up being their last resort.

Danstang wrote:So true, they think that the word "bankruptcy" will hurt consumer confidence in their product. It will end up being their last resort.

If they do file bankruptcy, this will be their chance to downplay the unions. All contract agreemnets go out the window with a bankruptcy..

Yeah, that's why the union is trying to avoid that!

Fast Eddie wrote:

Danstang wrote:So true, they think that the word "bankruptcy" will hurt consumer confidence in their product. It will end up being their last resort.

If they do file bankruptcy, this will be their chance to downplay the unions. All contract agreemnets go out the window with a bankruptcy..

There are also some contracts that state if sales fall below a certain mark they can be re-opened for negotiation.

if bankruptcie will get rid of the uaw and open the door for those of us that don't have jobs then thats great news.