american automakers spent millions of dollars a few years ago to defeat legislation that would've made fuel economy improvements mandatory? they wasted so much energy and money ensuring their products would be worthless once cheap gas was a thing of the past...

"...buybacks are aimed at helping Ford cut costs as its sales shrink under fierce competition from more fuel-efficient models from Asian automakers."

why? why are american capitalists so fucking shortsighted and greedy? i assume bigwig stock stanleys who own chunky chunks of american automakers also make a killing in oil stock, so they thought they'd worked out a twofer. selfish morons.


Ford Said to Offer Buyouts to Employees
UAW Official Says Ford Plans to Offer Buyout Packages to More Than 75,000 of Its Employees
By TOM KRISHER
The Associated Press

DETROIT - Ford Motor Co. plans to offer buyout packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.

The union told its members about the plan after discussion with Ford on the proposal, said Chris Kimmons, president of UAW Local 919 at the Norfolk, Va., assembly plant.

The buybacks are aimed at helping Ford cut costs as its sales shrink under fierce competition from more fuel-efficient models from Asian automakers.

http://abcnews.go.com/Business/wireStory?id=2439743