Morgan Stanley: Ford Likely to Announce 25,000 Job Cuts

[iheartthed]

I have little doubt that Ford will follow through on the train station. The alternative would be really bad for Detroit. GM's autonomous driving division is in San Francisco. Ford's could easily end up there too...

On a related note, I was in SF a couple times this summer and noticed that Ford is the sponsor of their bike share program. Who sponsors MoGo?

[EGrant]

Who sponsors MoGo?

HAP and Henry Ford Health

[Worldsgreatest]

I have little doubt that Ford will follow through on the train station. The alternative would be really bad for Detroit. GM's autonomous driving division is in San Francisco. Ford's could easily end up there too...

On a related note, I was in SF a couple times this summer and noticed that Ford is the sponsor of their bike share program. Who sponsors MoGo?

That's because GM bought the company that was already there. Ford now has over 200 workers in Corktown and expect at have at least 2,500 when the project is complete which is more than double of what GM's Cruise is now, plus another 2,500 with partner companies. The whole point of these companies restructuring is for their autonomous and electric car endeavors which is what Corktown is. They paid 90 million for the station, they got their tax incentives, there is no reason so suddenly think Ford wouldn't go through with it's investments. It's just Detroit haters crying and hating their personal lives as usual.

Ford doesn't sponsor the bikes in San Francisco I believe that is their own project that has been on going for awhile now. MoGo has a ton of different sponsors including GM and Henry Ford health.

[archfan]

Also, GM announced in November that it will manufacture e-bikes.

[313WX]

...there is no reason so suddenly think Ford wouldn't go through with it's investments...

Maybe because there's precedent?

Take for example GM, who has suddenly put all of its renovations on hold and is actuallly selling assets [[such as the Courtyard Marriott). There's also Adient, who cancelled their HQ move to downtown completely after ongoing financial problems within the company.

The Corktown plan is nothing more than an altruistic move by the Ford family, as there's no reason why the work couldn't go intotheir existing facilities in Dearborn or out to California like GM. It certainly doesn't make a ton of sense from a purely business standpoint.

[iheartthed]

Ford doesn't sponsor the bikes in San Francisco I believe that is their own project that has been on going for awhile now. MoGo has a ton of different sponsors including GM and Henry Ford health.

Yes, Ford does:

Ford GoBike is a regional public bicycle sharing system in the San Francisco Bay Area, California. Beginning operation in August 2013 as Bay Area Bike Share, the Ford GoBike system currently has over 2,600 bicycles in 262 stations across San Francisco, East Bay and San Jose. On June 28, 2017, the system officially launched as Ford GoBike in a partnership with Ford Motor Company

https://en.wikipedia.org/wiki/Ford_GoBike

[iheartthed]

Ford GoBike is a regional public bicycle sharing system in the San Francisco Bay Area, California. Beginning operation in August 2013 as Bay Area Bike Share, the Ford GoBike system currently has over 2,600 bicycles in 262 stations across San Francisco, East Bay and San Jose. On June 28, 2017, the system officially launched as Ford GoBike in a partnership with Ford Motor Company

https://en.wikipedia.org/wiki/Ford_GoBike

Ford is ending its sponsorship of the GoBike program:

Ford plans to "unwind" its sponsorship of a bike-sharing service in the San Francisco area, now owned by Lyft, Ford executive VP Marcy Klevorn told Axios.

Why it matters: Ford's involvement in the deal that saw Motivate's bikes branded as Ford GoBike was part of a larger effort on the company's part to transform itself into more than just a carmaker, especially as alternate transportation services have flourished and autonomous vehicles enter the equation.

​https://www.axios.com/ford-to-end-go...609000976.html