Bill Ford CEO Of Ford Motor Company Steps Down!
 

Im about 2 minutes from the World Headquarters. This will be interesting to see how people in Dearborn react.

As a big Ford fan... I'd have to say it's probably a good thing, they need some fresh blood in there.

Ford and GM are pretty much done with cauz of their healtcare policies and stuff like that.

how so?
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It's about dame time!

Don't suppose that's much of a surprise. The car industry in the US is "unsettled" and may go thru a few more changes of management before possibly climbing out of the rut.

The cost they have to pay for employee health insurance and pensions adds probably a few thousand dollars to the price of the cars they sell where imports are not burdened with this.

I think things may only get worse in the upcoming months for US car companies!:2 cents:

very interesting. about time he stepped down.

Oh, and while he is no longer CEO he is still Chairman of the board. They hired a VP from Boeing or some company like that. I see it as a good move and hopefully they will pull through a dismal year.

Stepped down... or was forced out?

Slippery when wet, watch for spin..

if you were interested in following the business news you'd already know ...

Basicly they are offering something they can't really afford... and signed contracts already.

They can't compete with the asian market right now.

ford sucks :2 cents:

no shit...wow...

Kinda agree - it takes a "miracle worker" management team to turn major companies around in a relatively short space of time. Chances are the first, second and third sets of new management will terminate as well - even if they are doing a good job - simply because of the baggage from the past (all corps seem to collect this) which they need to dump asap.

Meanwhile, leaner foreign car manufacturers are establishing/increase market share - that's some competition.

Simple. They are in very bad shape due to the unions. The unions are costing them way too much money with health care, protecting lazy workers etc... Not saying all their employees are lazy, but they cannot even fire someone who is not doingt their job because of the protection they get with the unions. They will also have to compete with China in their turnaround attempt this time. I think they will not be able to rebound like they have in the past as easily due to the Japenese's dominance and the soon to come Chinese automakers who are gearing up for run at our markets and everyone elses for that matter. Just my 2 cents.

Louis

"Alan Mulally, previously executive vice president of Boeing Co. and president and CEO of Boeing Commercial Airplanes, has been named president and CEO at Ford."

Oh great, this means that the 2007 Ford models will now be on backorder and not be delivered to the dealers till sometime in 2025.

:1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh

I think it's a good thing :thumbsup

:1orglaugh :1orglaugh :1orglaugh

As much as I hate the stock market, I will be picking up Ford and GM shares soon. The price is right... they arent going down... just getting a bloody nose... way too much A/R behind them to go under.

Boeing has a [sarcasm]WONDERFUL[/sarcasm] track record. :error

Total Unfilled for 737 = 1366
Total Unfilled for 747 = 66
Total Unfilled for 767 = 27
Total Unfilled for 777 = 275
Total Unfilled for 787 = 368

Total Unfilled Orders = 2102

Total 2006 Actual Deliveries = 225

Karma is a bitch........

he fucked his immediate predecessor, now it's his turn to take it up the bung.

I thought about that as well, but then I'd rather put my $ in real estate,which I did instead:2 cents:

Out of the frying pan into the fryer! probably!:2 cents:

Fords Suck
 

Big gas guzzling fords need some new blood to step
Get some vehicles that don't use up all the oil in the world
Time to get some fuel smart cars going to save the earth not just kill it :disgust