Posts Tagged ‘Ford’

How About That Stock Market, Huh?

Thursday, August 20th, 2009

Sure, the Dow Jones may not be back above five figures yet, but anyone who decided to invest in those stocks that everyone used to criticize like Ford, Sirius XM, and Bank of America…well, let’s say that we’re doing pretty good right now!

Sirius XM closed around 68 cents today. So…for those of us who bought it at 11 cents, that’s not a bad gain, huh? :-)

One of my roommates and I are somewhat “new” to the investing game and while other people are talking about how bad they are losing money, we’re both up over 100% in our portfolios. In fact, as of today my stock portfolio is up over 150%. I think the reason why we’re up so much is – first and foremost – that we bought when the market was low and everyone thought that the world was going to end. When people are dropping the value of stocks based on fear and paranoia, you have to jump in and buy.

However, I think that one of the reasons why we’re both doing so well is that we’re purchasing stocks with which whose products we are familiar with on a personal level. For example, I invest in Sirius XM because I know that they have a quality product (unless you’re one of these people who have the service for Howard Stern alone, then you might be annoyed at the 10 weeks of vacation that he takes every year). But when it comes to commercial-free music and something to listen to during the work day, no one can deny that Sirius XM is a great product.

Anyway, the reason for writing this post is to tell the everyday people out there that they can invest in the stock market and find success.

Ford Plans to Compete with Toyota on Hybrid Price

Tuesday, April 21st, 2009

At some point last month, Ford announced that the Fusion Hybrid would cost slightly more than Toyota’s Camry. Ford hopes that its hybrid version of the Fusion (which is projected to get better gas mileage than the Prius) will be able to start taking away some of the Camry’s annual sales.
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The Big Three Automakers Make Unreliable Cars

Friday, December 19th, 2008

Over the course of the last weekend, I read a bunch of articles online that talked about some of the different views on the current automaker crisis in America. Tom Baldwin from The Times of London wrote an op-ed entitled, “For too long the Big Three have produced the type of cars Americans do not want.” Baldwin concisely talks about some of the main points regarding the auto industry crisis, mainly that the “big three automakers” are making cars that nobody wants to buy! Or in his words:

This indicates that if the Big Three go bust it is their bosses, insular and stuck in their ways, who should be held most responsible. Put simply, for too long they had built bad cars, which were inefficient, unreliable and unattractive and Americans did not want to buy them.

The man makes a point. Everyone knows that foreign cars are much more fuel efficient, definitely more reliable, and usually more stylish than their American counterparts. Let’s put it this way, Ford didn’t earn the nickname of “Found On Road Dead” out of nowhere.

A few years ago (2002) I purchased a 1999 Chevy Blazer. The price was around $15,000 – give or take a few hundred bucks. First of all, the price was way too high for a three year old automobile. Second, since I purchased this machine, I’ve probably put an additional $15,000 into it in repairs. And of those repairs, about half of that expense was to pay for labor!

But the thing is, I’m one of many drivers who have had a financially negative experience with the American automakers. On the flip side, though, I’ve been borrowing my Mother’s spare 2000 Honda Civic for a few months now and not only does it get 31 – 33 miles to the gallon where the Blazer got 18 miles to the gallon, but I’ve not had one problem with it. I drive a lot for my job and since I borrowed the Civic I’ve put about 5,000 miles on it – no problems. With the Blazer, though, traveling that much almost certainly meant that I needed to stop at the shop one weekend for minor repairs.

American made cars are poor quality, energy inefficient, and cost way too much to manufacture. Unless these core problems change, they’ll never reclaim their former dominance in the market.


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