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Ford's cut is way way forward[/FONT][FONT="][/FONT] [SIZE=-1]
In January, Ford's American boss Mark Fields announced the "Way Forward" rescue plan which is to cut 30,000 workers from its North American division. Now after Alan Mulally joined the company as CEO, "Way Forward" is way way forward. Ford has announced to cut another 14,000 white collar employees in the North America, equivalent to one-third of its salaried work force !! at the same time, the factory closing list will grow from 14 plants to 16 plants, and that will be brought forward from 2012 to 2008 !!
Of course, cutting so many people and plants implies Ford estimated its sales will continue to slide. Now it says its market share in North America will drop from last year's 18 percent to between 14 and 15 percent in the future. That should let Toyota to get pass it. In global basis, it's third position could be threatened by Volkswagen group after the production slash.
As I always say, cutting production is not a solution to the problem. The most important is to launch good cars to lure customers back. Disappointingly, Ford has no such plans. The only new car in its pipeline is a 7-seat crossover based on the Fairlane concept (that ugly car is no way to save Ford !!). Besides that is Lincoln MKS (based on Volvo S80 platform) but you have already known it. Facing European and Japanese premium cars it will be another sales failure anyway. Perhaps most shocking is that Ford will continue to build the ancient Lincoln Town Car. Rather than killing it together with its assembly plant, Ford decided to move its production line to another plant. This reveals how bad the situation is: Ford has no good products and no choices to replace the aging Town Car.
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Fairlane concept
No wonder Alan Mulally estimated its sales will continue to slide in the coming years and it won't return to profitable until at least 2009. The good news is: at least he is more realistic than the dreamer Bill Ford Junior.
Not good, eh?
At least Mulally seems to be trying to fix the company.
Well, now for the confirmation of the death of awesome:
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Goodbye Ford GT
By this Thursday (Sep 21), Ford will end the production of its GT mid-engined supercar. By then a total of 4,038 cars will have been built. American car enthusiasts will definitely miss it.
[SIZE=-1]A shame Ford couldn't manage to market the car in relation to the other Fords in the brand. Pick one up fast! They stop building it tomorrow!
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