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The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - Printable Version

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The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - car fanatics - 05-22-2012 02:18 PM

Ford
Photo credit: Ford
May 22, 2012
By: CF staff

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The following statement can be attributed to Bill Ford, executive chairman, Ford Motor Company:

“The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees around the world. This is a great day for us and is the result of several years of hard work and progress by everyone associated with Ford.

“When we pledged the Ford Blue Oval as part of the loan package, we were not just pledging an asset. We pledged our heritage. The Ford Blue Oval is one of the most recognized symbols in the world, and it is a source of great pride and passion, both inside and outside our company. Getting the Ford Blue Oval back feels amazing, and it is one of the best days that I can remember.”

The following statement can be attributed to Alan Mulally, president and chief executive officer, Ford Motor Company:

“We are so proud of today’s decision by Moody’s and the resulting release of all collateral – particularly the Ford Blue Oval. This is an important milestone and further proof that, by staying laser-focused on our One Ford plan, the Ford team can deliver great products, build a strong business and contribute to a better world even through the most challenging external environment.

“Moving forward, we will continue to focus on driving profitable growth for all of our stakeholders. We are confident that, by staying focused on our plan and working together, we will maintain strong investment grade ratings through all economic cycles.”

Background
  • December 2006: Raised $23.5 billion in liquidity, consisting of $18.5 billion of senior secured debt and credit facilities, secured by substantially all of our domestic assets, including the Ford Blue Oval, F-150 and Mustang trademarks, and $5 billion of unsecured convertible debt.
  • November 2007: Together with the UAW, Ford negotiated a transformational labor agreement, with a lower wage structure for new employees and flexible work rules
  • March 2009: Reached ground breaking UAW agreement that helped the company achieve parity with transplant automakers, resulting in incremental annual savings and efficiencies
  • October 2009: Reported first quarterly pre-tax operating profit since Q1 2008
  • Year-end 2009: Achieved a full-year operating profit and net income of $2.7 billion – an improvement of $17.5 billion from the losses of 2008
  • Year-end 2011: Reported third year in a row of improved annual operating profits and reduced debt by more than $20 billion compared with year-end 2009
  • September 2011: Completely paid back the loan
  • March 2012: First dividend payment in almost six years
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RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - jspookss - 05-22-2012 02:56 PM

rofl They got the blue oval out the pawn shop lmao

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - docCarter - 05-22-2012 03:01 PM

^^^^
laugh

It's funny how they explain it. They whored out everything they had.

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - McLovin - 05-22-2012 04:02 PM

Lame played out jokes aside, i am proud as hell to be a ford employee.

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - jspookss - 05-22-2012 04:38 PM

I'm sure you'll polish that oval right up! rockon

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - docCarter - 05-22-2012 05:14 PM

Or at least mop the floor behind the guy who polishes the Blue Oval.

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - McLovin - 05-22-2012 05:18 PM

Like I said, lame, played out jokes.

laugh

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - lengnert - 05-22-2012 05:31 PM

Good news, indeed.

Ford took the ultimate risk and it paid off.

Keep it up, so we can continue to show our other D3 brethren what it is like to do it right! :tounge: (doc and spooks et al.)

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - MOPAR74 - 05-22-2012 06:21 PM

Technically "doing it right" means a company shouldnt have to use a pawn shop, or ask for a bailout.... none of the D3 have "done it right"



Congrats to Ford on getting their brand back.... I cant imagine the butthurt there would have been if they lost it...

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - lengnert - 05-22-2012 06:31 PM

MOPAR74;207180 Wrote:Technically "doing it right" means a company shouldnt have to use a pawn shop, or ask for a bailout.... none of the D3 have "done it right"



Congrats to Ford on getting their brand back.... I cant imagine the butthurt there would have been if they lost it...



You can take that "Technically" and shove it down your pie-hole, Mister! :ohmy:

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - MOPAR74 - 05-22-2012 06:37 PM

lengnert;207185 Wrote:
MOPAR74;207180 Wrote:Technically "doing it right" means a company shouldnt have to use a pawn shop, or ask for a bailout.... none of the D3 have "done it right"



Congrats to Ford on getting their brand back.... I cant imagine the butthurt there would have been if they lost it...



You can take that "Technically" and shove it down your pie-hole, Mister! :ohmy:


Come on now Len, dont make me start busting out the "butthurt" pics in this thread toolaugh

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - lengnert - 05-22-2012 06:41 PM

MOPAR74;207188 Wrote:
lengnert;207185 Wrote:
MOPAR74;207180 Wrote:Technically "doing it right" means a company shouldnt have to use a pawn shop, or ask for a bailout.... none of the D3 have "done it right"



Congrats to Ford on getting their brand back.... I cant imagine the butthurt there would have been if they lost it...



You can take that "Technically" and shove it down your pie-hole, Mister! :ohmy:


Come on now Len, dont make me start busting out the "butthurt" pics in this thread toolaugh



Ha, so you are the one that started all that?! Negative Rep Point!!

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - The Voice of Doom - 05-22-2012 06:44 PM

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2012
Contingency plan in case shit
got real

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RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - MOPAR74 - 05-22-2012 06:45 PM

TECHNICALLY..... rofl


AoN and Wings started the butthurt pics weeks ago in other threads.... I thought it was funny so I picked it uplaugh

RE: The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees - The Voice of Doom - 05-22-2012 06:45 PM

I was going to sit this one out. Then Wings went and said something stoopid about me in the latest Shelby thread. I decided to get creative. Sorry Wings.