When Ford Motor Company reports its first quarter earnings tomorrow, the automaker is likely to report a decline thanks to a huge drop in SUV sales and diminishing market share. Analysts say that Ford's dependence on big SUVs, combined with surging gas prices have negated any effect so far of Ford's "Way Forward" plan, which will close 12 plants and cut 30,000 jobs over the next six years.
For its part, Ford's Mark Fields, architect for the "Way Forward," is urging critics to give the plan time to kick in.
[Source: Bloomberg.com]
Sign in to post
Please sign in to leave a comment.
Continue