Ford plans to lay off thousands worldwide as Trump's tariffs take toll

This is a perfect opportunity for you to learn how Capitalism works Ray and potentially profit from it. I have over 1000 shares of stock in Ford and over 1000 in General Electric, bought both when they were near or under $10 a share. Both are excellent buys. Ford is restructuring and they have a plan. This has nothing to do with tariffs but more to do with avoiding bankruptcy during the Obama administration and not reorganizing like GM did back then. Ford's strategy is not unlike Mercedes-Benz or BMW though they have taken heavy criticism for it. Ford intends to focus on SUV's trucks and crossovers........much like BMW and Mercedes. Because Ford knows they can raise the price on a crossover or SUV more than a car unless it is a specialty car like the Mustang which they intend to keep. So it looks like a sound strategy to me. They have over 200k people which is far more than they need at the moment because as I said they never restructured or went through a bankruptcy proceeding like General Motors did during the Obama administration. So at this point in time GM is more efficient as an automaker than Ford is.........which is unsustainable. Ford has to fix the too many people problem along with some people in the wrong skills problem they have. If you did more than superficial research here you would see that Ford intends to hire a good chunk of people in the near future with the skills they need in driverless technology as well as electric technology that could possibly exceed the amount they wish to cut.......we'll see. They intend to fill a good chunk of Michigan Central Stations office tower in Detroit with new employees as well as some of the surrounding buildings. They are going to pour over $1 Billion into the Train station and surrounding buildings in Detroit in an effort to rehab them. So Ford is not exactly retrenching or retreating...........it is just shifting and reorganizing for the future. Like any well managed company should. Last but not least, Ford will never go out of business as long as there is a descendant of Henry Ford II on the board or in the Executive suite. They will inject multi-billions of family money if they need to............to keep the company going. Thats why I think it is a good bet for the future.

Lesson #1 about NYSE and doom and gloom stories in the media. You make the most money by disregarding the doom and gloom and really looking in depth at the company you want to invest in. Because typically with iconic companies like GE and FORD when they still have tens of billions of dollars on hand........they are not going out of business but are only restructuring for the next growth spurt.

Did you even read the article?
I did, and both your implications and the article title an outright fabrication.. Does that bother you in the least? Try having a non "Trump is not my president" person you trust, if you know such a person, and ask them to read the same article, and get there opinion on it, your reading into it what you want vice what it says.

If you think this is winning, wait until you see the billions we're sinking into the agriculture bailout, thanks to the really successful trade war, lol