fbpx

The Next Recession Will Be The Last!

The Deep State Is Preparing Their CHECKMATE Move
You Must Be Ready To Go On The Attack!
DOWNLOAD THE ULTIMATE RESET GUIDE NOW!

Auto Industry Showing Cracks: Ford Begins Final Round Of Layoffs As Unsold Cars Keep Piling Up

Mac Slavo
May 21st, 2019
SHTFplan.com
Comments (38) Read by 2,979 people

Ford Motor Co. is finishing up their final round of layoffs today. About 7,000 workers worldwide are losing their jobs in this “booming economy” as unsold vehicles continue to pile up in the once empty parking lots of closed retail establishments.

CEO Jim Hackett notified employees in an email Monday that Ford was nearing the end of its months-long bout of white-collar layoffs that would eliminate 7,000 jobs globally, roughly 10% of the automaker’s global salaried workforce, according to Detroit News. When the U.S. layoffs wrap by June, Ford would have cut around 800 jobs in addition to 1,500 buyouts that occurred late last year, or around 7% of its U.S. salaried workforce.

The first 500 employees to be laid off are being told today.  Both sets of layoffs are largely a result of a slowing auto market and looming economic recession. Ford’s layoffs are part of a $25.5 billion pool of cost cuts expected to roll out over the next few years.

Ford layoffs aim to prune management levels, which would allow for quicker ascension through executive ranks and quicker decision-making. Anderson said Ford’s job cuts aim to answer a tougher problem than GM’s. “Ford set a target for a gross number of management jobs to be reduced,” Anderson said. “That is harder to achieve and keep a successful company than it will be for General Motors. … It’s going to be harder for Ford to maintain the quality they have with this significant headcount reduction.”

But the auto industry is barely holding on right now, and it wouldn’t be too surprising if Ford laid off more workers by the end of this year as well.

Dealers Scramble To Deal With 4.2 Million UNSOLD CARS

Abandoned factories, forgotten shopping malls, and undeveloped parcels of land have become parking lots full of new cars as dealers try to figure out what to do with mounting inventories of unsold vehicles, according to OKCFox, a local Oklahoma City Fox News affiliate reported. But the mainstream media keeps saying the economy is great, and even though stocks have fallen on the news of a heightened trade war, there isn’t much other real truth happening when it comes to reporting on the economy. –SHTFPlan

Of the over 4 million unsold cars and light trucks, over half are from General Motors, Ford or FCA brands. May sales have slumped as consumers just cannot afford to buy at this time. Auto loan delinquencies are also rising at a time when unemployment is low and the economy is in excellent shape (if you listen to the mainstream media.)  But the cracks in the economy are showing through the auto industry.

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

You must prepare for the financial reset

We are running out of time

Download the Ultimate Reset Guide Now!

The Finger is on the Nuke Button | Future Money Trends

Author: Mac Slavo
Views: Read by 2,979 people
Date: May 21st, 2019
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

CBD Oils, Isolates, Supplements And Information

38 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. rellik says:

    I’m old school.
    I don’t buy new vehicles, I bought one once, just to say I did.
    Today, if I wanted to buy a vehicle, they do not make what I want, nor can I order the options to make it like I want. Thank you California, the tail that wags all of the American market. So fu ck you American car makers. I can buy vehicles I want from overseas, but the EPA has destroyed my freedom to do so eg.
    I can’t import a Toyota diesel 4WD truck even for personal only (not for re-sale) use.
    I do not blame the economy, I blame Democrats and their government policies for our economic problems.
    At least when they close a production line it is mostly
    Democrats that lose jobs.

    • Montana Guy says:

      Pick your box. Check Democrats for Communism and Republicans for Fascism (fancy name for Corporatism). Different sides of the same coin.

      Failure to understand that Republicans are an enemy of liberty is to have missed the whole lesson of America’s slide into tyranny.

      • car guy says:

        The democrats are for big government and the republicans are for big business. We have little hope of politicians ever supporting personal freedom. The two party system was made to give us the illusion of choice when we really have none.

  2. Aren’t we spoiled?? I know I was for decades. I just had to have a new car every 3 years or so.
    Young, naive, stupid, badly influenced by others. My car is 15 years old…48,000 miles because I always had a $1000/$1500 vehicle(truck) to garden, haul stuff like trash, top soil, etc.
    Most know how that is.
    You can’t tell the young what you know, what to do, what you’ve experienced…ever!!!
    But, I do remember a senior talking about how silly the young(me) are to trade a car before the tires even get worn…yep–I didn’t listen then either.

    • rellik says:

      JJ,
      You are a lightweight. I typically buy low mileage used vehicles and then wear them out.
      My newest truck is 15 years old and has 270,000 miles on it.
      Another truck ( 26 yrs old) that I converted to be the “farm” truck had 188,000 highway miles on it before retirement to farm duty.
      My wife’s car a VW is 17 yrs old and has 145,000 miles on it.
      I live on an island in the middle of the Pacific.
      On the mainland I typically put over 30,000 miles per year on a personal car.
      I pop in a used engine or transmission when the original one dies. My target is 300,000 miles for every vehicle, body rust allowing.
      Detroit hates me.

      • Genius says:

        Yer the MAN relik! That’s what I’m talkin about! (remind me to never buy a used car from you lol).

        • rellik says:

          Gen,
          Because I’m really particular about my vehicles,
          I have no problem with people wanting my worn out ones.
          Stick shift 4WD for my trucks.
          Stick shift diesel for my cars.
          I usually have the original purchase ( dealer) papers.
          I’m picky when I buy used. I look for the paper trail.

      • Anonymous says:

        That is s lot of miles even on mainland. What are you doing to get that many miles on an idland?

      • Anonymous says:

        I hear you – my FJ is now 12 years old and works great – my previous vehicle was 19 years old – I never understood why people traded in vehicles every few years – what a waste of money and energy… just like all consumer goods – there are too many vehicles now – people have 3 or more now – how many do you need – just like jeans – I know people who have 30x pairs!! madness – when you have a society based on consumerism it is bound to fail eventually – which is why there is planned obsolescence

  3. Rellik, you took the words right out of my mouth. I have a Ford 150 pick up with 156,000+ miles on it. 1999. Would like to get another but the new trucks have so much unnecessary crap in it. And the down payment I would need,I could put to use buying preps. You rock,bro.

  4. The Deplorable Renegade says:

    Rellik, Detroit probably hates me more than anyone else here. I don’t make enough money to qualify for or even worry about credit so no new anything for me. Always had used cars and always will. When I get back from the BOL I’ll be looking on craigslist again for an old truck for cash. I also make a vehicle last as long as possible. Like you said engines, transmissions, and rear ends can always be replaced. But one problem on some used cars I REFUSE to deal with is title issues, such as missing, salvage, etc. If there’s no CLEAN AND CLEAR title on a vehicle I’m looking at then I move on to something else. Title issues are a real bitch to deal with.

  5. For all of those that buy their cars second hand….and save $$ doing so. Remember that the car you bought was once new, and purchased by someone like me….who has the $$$ to buy new.!!!!!

  6. The Deplorable Renegade says:

    One other piece of advice I need to offer on used cars. NEVER EVER BUY A REBUILT WRECK. Anything that has had any part of the frame straightened will never be 100% right again. I don’t care how good it looks or how good it runs it’s nothing but trouble with a CAPITAL T. As long as you get something that’s NEVER had the frame damaged you should be just fine.

    • rellik says:

      DR,
      Only works on newer cars, but Carfax is your friend.
      I also use the Ford Lincoln continental checklist for inspecting used cars, about 130 items to check.
      When I buy a used car I usually know what is wrong with it and the cost of correction of the problems.

      • The Deplorable Renegade says:

        Rellik, appreciate the info but I just stick with the older models. I already know by heart what to look for. As I said in my first post which disappeared I just buy older ones for cash. I don’t make enough money to qualify for or even worry about credit. I’ve also had engines, transmissions, and rear ends replaced on vehicles in the past and will still do that. Now let’s see TharSheBlows come back on and say how stupid I am to buy old ones. I call it ‘living within my means’.

        • Genius says:

          I call it using yer brain lol.

        • rellik says:

          I can appreciate that.
          I got rid of my last non-computer, carburetor-ed vehicle in 2017.
          It was a 1986 Subaru Brat.
          There comes a time when you can’t find parts and the rust overcomes the body.
          I would love to have a 1970 Ford Crew cab 4WD PU, but would hate to have to find parts for it. I know where there was one in Oregon.
          I have computers, tools, and internet so the new vehicles don’t bother me so much. Although I get engine lights that nobody can explain, even the Dealer can’t figure it out. I just reset them.

          • Rock Roller says:

            Rellik, I just sold a running 70 Ford 4wd pickup a few years ago for $2,800. although it wasn’t a crew cab. It had a 4″ lift and a 360 4sp and rare factory air. A real beast of a truck. I’ve had almost every year of Ford pickups from 1959 till 1972, but the 71 is my favorite. Daily driver is a 91 Ford van, had it 7 years and put almost 100,000 miles on it with no issues. In the yard under a car cover sits a 1958 Thunderbird, factory pink with a white top. A project but super straight and rust free.Hard to beat those old Fords.

  7. The Deplorable Renegade says:

    Mac, what happened to my first post? I understand the moderation on occasion but it just disappeared right after my second post.

  8. 21Bravo says:

    I spent half a day getting my Chevy SUV fixed this AM. I wandered through the dealers lot while waiting. I have always wanted a Tahoe. The prices ranged from $60k -$80k… Unless you are super rich have can the average American afford one of these vehicles with all of their other bills…??? The Traverse was about $45k…. The last time I bought a new car (2) was in 1986… I do keep my vehicles about 10-15 years. From then on I have always tried to buy a lease turn-in. If GM is not selling cars it is their own fault. Who needs a vehicle that is loaded with new electronic gadgets. Most new cards are the too expensive…. What ever happened to the basic affordable vehicle that the average American could afford….???

  9. Who can afford a new vehicle. My first house was cheaper. If the car had a toilet in it I could see it…just move in. New cars are piling up and the used ones are cheaper to buy,especially the leased models. People are stretched to the limits financially so new cars are way down the list but the used ones are moving up.

  10. The Deplorable Renegade says:

    Genius, I’ll also pass on high-dollar shit. But a fire sale on PREPS; now that’s another story…..

  11. Asshat says:

    Bought a new SUV 2 weeks ago. People want new cars problem is they have shitty credit and don’t make enuff $ to have a payment. Or they are upside down on an existing car note. I have never went wrong buying a new car. Full warranty peace of mind reliable sure you have payments but you have payments on old junk in the form of repair costs and it will never increase in value. $1500 into a $2000 car won’t make it a $3500 car it will still be worth $2000 and going down. If your credit sucks and you don’t make enuff $ just say so don’t say new cars are junk because you can’t get one. Don’t accept poverty get more $. Traded in a 2012 with 99k on it for $2500 had a lot of stupid shit going wrong with it. Had no rust and was maintained. Think it was having electrical problems. Had no problem walking from it. Wanted more $ for it but had to be real it had shit wrong with it and that why I was letting it go. Put up $10k plus the $2500 got a brand new SUV with a warranty and reasonable payments didn’t need gap insurance cus not upside down on the loan. Love that new car smell.

  12. Clown World says:

    As the story goes, Mr. Ford used to believe in pricing the product and the labor, so that employees could afford to buy what they have made.

    It takes two, to tango, and to bargain. The social contract or bargain applied to two parties — labor and capital, both.

    Or, it’s tyranny, fair-and-square.

    They believe that the car is a privilege, and you haven’t been given one, yet. These are carrot-and-stick cars.

    In the present market, they are allowed to write-off what they have not sold (maybe, at an inflated price.) They are credited for the “loss” — for their intentional failure to sell it at market value.

    • Anonymous says:

      Clown World
      Spot on. No one can afford new cars. Too expensive. Too much tech. Too complicated. After warranty period NO ONE will be able to afford upkeep because of the tech toys.

      Automobiles are now computer/surviellence TRACKING devices for the government and corporate greed machines who now snitch snoop on you.
      You pay 50k or more, for an unreliable machine that snitches snoops surviels WATCHES you.
      You pay 50k to be tracked and snitched on. Why pay for that privilidge? Piss on ALL new cars.

      EPA has ruined diesel vehicles with unrealistic Obama mandates. EPA is Insane. No realistic understanding of mechanics/physics/chemistry. EPA has now made the most reliable vehicle with decent fuel mileage into the most unreliable AND THEY KILLED diesel fuel mileage. WTF?

      The government can also MURDER you with the new technology. Ask journalist Michael Hasting? But you can’t. Obama had him killed by Mercedes. look up his story.

      Obama involved with Anrew Brietbart murder too?

      I DARE you to look up a search of “Clinton Murders.”
      Look up Cliton Uranium One deal.
      Look up H. Clinton Bengahzi murders of Americans.
      How about a email server in the bathroom that was sever National security threat.
      Lolita island plane trips with a known sex trafficker?

      NO ACCOUNTABILITY.
      Look up the Clinton foundation that is Clinton slush fund.
      NO ACCOUNTABILITY.

      While weak Amerikkans put up with a orchestrated coup against our current elected President. Impeachment will start 1776.

      – – – – – – – – – – –
      Is this comment censored too? Facts Reality Discussion no longer allowed by tech tyrants in the “changed” Amerikka.

      Long Live the Republic.
      God Save America.
      God Bless Texas.

      BUILD THE WALL. DEFEND OUR BORDERS!

    • Anonymous says:

      Clown World
      Spot on. No one can afford new cars. Too expensive. Too much tech. Too complicated. After warranty period NO ONE will be able to afford upkeep because of the tech toys.

      Automobiles are now computer/surviellence TRACKING devices for the government and corporate greed machines who now snitch snoop on you.
      You pay 50k or more, for an unreliable machine that snitches snoops surviels WATCHES you.
      You pay 50k to be tracked and snitched on. Why pay for that privilidge? Piss on ALL new cars.

      EPA has ruined diesel vehicles with unrealistic Obama mandates. EPA is Insane. No realistic understanding of mechanics/physics/chemistry. EPA has now made the most reliable vehicle with decent fuel mileage into the most unreliable AND THEY KILLED diesel fuel mileage. WTF?

      The government can also MURDER you with the new technology. Ask journalist Michael Hasting? But you can’t. Obama had him killed by Mercedes. look up his story.

      Obama involved with Anrew Brietbart murder too?

      I DARE you to look up a search of “Clinton Murders.”
      Look up Cliton Uranium One deal.
      Look up H. Clinton Bengahzi murders of Americans.
      How about a email server in the bathroom that was severe National security threat.
      Lolita island plane trips with a known sex trafficker?

      NO ACCOUNTABILITY.
      Look up the Clinton foundation that is Clinton slush fund.
      NO ACCOUNTABILITY.

      While weak Amerikkans put up with a orchestrated coup against our current elected President. Impeachment will start 1776.

      – – – – – – – – – – –
      Is this comment censored too? Facts Reality Discussion no longer allowed by tech tyrants in the “changed” Amerikka.

      Long Live the Republic.
      God Save America.
      God Bless Texas.

      BUILD THE WALL. DEFEND OUR BORDERS!

  13. Anonymous says:

    The question is…. Where does the consumer buy these outdated written off vehicles for pennies on the dollar?

    • Yohan Smythe says:

      If I remember right, years ago there was a story about just that.

      They take a write-off to show the loss at their U.S. company, then ship the cars to another country and sell them for half price, paying no U.S. taxes.

      • Clown World says:

        So, the literal answer to your question is that you buy the mark-down vehicles from other countries.

        These cars are not reliable, until they have been gone-through with seals and fasteners, made to first world production standards.

  14. customer came in with a new denali, gm’s fancy new tailgate?
    12,000.00 option. wtf

  15. Clown World says:

    fwiw —
    It’s humanly possible to make a car part.

    If you can just bring people up to that level of realization.

  16. I work at Magna Seating, we make seats for GM…GM sales are down and our hours have been cut.

  17. Travis Bishop says:

    In 1979, I graduated from high school. On the morning of my 17th birthday, My parents and I went to the U.S. Army recruiting office and I enlisted. I put in to be fast tracked in.

    The next day, my folks took me to the Ford dealership and told me to pick out my choice of trucks. I picked out an F150 4×4. I saw a 4×4 Bronco in the same color as the truck, blue and silver. These were the last of the ’79 models he had. They were getting the ’80 models in.

    I had worked all through school and saved my money. My folks bought me the truck as a graduation/birthday present. I paid cash for the Bronco. The truck was just over $5,000, with a fully loaded XLT package. I paid $4500 for the Bronco, also an XLT.

    We loaded them on trailers, took them back to the house. I parked them in my dad’s garage and put tarps over them.

    My granddad had given me his 1969 Ford F250 4×4 when I got my license. I drove it to report to active duty. I drove it throughout my career.

    I retired in 2013 after 34 years. Then went and got my trucks out of storage. My dad maintained them for me. Started them every week, made sure no dirt daubers worked their way in.

    They now sit in my garage. In the same condition they were in the day I bought them. The odometers have 3 original miles each.

    The man who owns the dealership I got them from heard about them. He came out to see them. He just gawked at them a while. Finally, he offered me my choice of two brand new trucks in trade.

    What does one do at such a time? Shake your head and laugh. No way in hell. I’m about to start driving them. I’ve waited all these years, so why not?

Leave a Reply to Anonymous

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.