Bill Ford, Ford Motor Co. Chairman and CEO, will announce a new restructuring plan to return North American operation to profitability. Timing for the announcement is not firm yet, but it will be this fall. Mr. Ford stated that the plan would 'encompass a lot of things, an affordable business structure… some new things we are going to announce that will surprise people positively." We're sure that investors will be positively surprised, but I would be surprised if a few plants are not on the chopping block. Ford also would like to see more hybrids being produced. We couldn't agree more. Time will tell if their plans will turn the company around, especially with the North American market getting more and more competitive. We will see when more details come to light.
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