Ford Motor Company is apparently doing everything it can to lean out its operations and avoid taking government bail-out money. Despite posting an annual loss of $14.6 billion, Ford seems to have a viable plan for working through the economic downturn. Although it will be skimming just above the minimum operating reserve level for a while, it is trimming billions in costs and restructuring other costs to keep its head above water.
In my opinion, of the Big Three, Ford has the best products and the best hope for the future. Kudos to Ford management for buckling down, doing the dirty work of cutting costs while still designing and building above-average products (admittedly, the bar is set pretty low by the domestic automakers). The big players in the banking industry -- and the state of California -- should take note.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment