After GM announced a plan on Monday to cut 30,000 jobs and close nine plants, it's Ford's turn to decide how they're going to save the American automobile industry. The pressure is on two of Ford's newest bosses of the Americas, Mark Fields and Anne Stevens, who have seemingly replaced prez Jim Padilla as the "go to" guys.
FoMoCo has already lost $1.4 billion before taxes this year, but Bill Ford said yesterday that he's not planning on rushing Fields into anything just a month after he took his new job. Industry sources expect the company to follow GM's lead in plant closing, layoffs, and UAW negotiations involving health care. After addressing the National Press Club in DC yesterday, Ford headed over to the White House to lobby the President for more help in developing alternative drivetrains.

Share This Photo X