Re: Ultramatic by Borg-Warner?

Posted by Tim Cole On 2015/1/1 7:13:07

Actually the Borg-Warner trans had three speeds with Low being another ratio selected manually. This was the practice with BW equipped Fords until the three speed adaption of the same trans. However on Ford, selecting D2 provided a second gear breakaway for reduced wheel spin. This feature gave Fords a takeoff much like the TU in Drive range - slush box effect.

When I was a kid I had an old Ford with the BW two speed. I didn't know that low was a separate range and used to slam the thing into low at highway speeds. The motor would spin so fast that it would overrun the power steering pump and scream. In retrospect those old Ford V-8's were very rugged because all that abuse never affected that motor (292 deep block V-8).

As for Nance and sunk costs, that principle is valid only in the absence of loss recognition. If banks are loaning money for plant and equipment, what impression would they get if those funds were amortized immediately as losses? Sure, if money has been wasted it cannot be recovered which is about all "the principle of sunk costs" represents. However, in the real world, earnings have to be managed and not all results are going to be favorable. These college professors should stick to their egotistical delusions and stop trying to screw up our financial system vis a vis phony costs of capital, welfare for the rich, and systemic corruption.