Tomorrow morning,
Ford will update the details of its restructuring plan, called "Way Forward". It's obviously a time of change at Ford, and it'll be interesting to see what the Way Forward now means to the company. Ford unveiled the Way Forward plan in January and job cuts and plant closures were part of the deal. New Ford CEO Alan Mulally, along with CFO Don Leclair and Ford's President of The Americas Mark Fields will take part in tomorrow's announcement, which kicks off at 9 a.m. The
rumors today say that more layoffs are in the making. We'll see what this update brings.
And, just in case you're wondering where the green cars angle is here, I think we should remember that Ford is losing money hand over fist while fuel-efficient imports are racing off showroom floors in America. I submit the following posts (some courtesy of our friends at AutoBlog) as evidence:
[Source: Ford]
And, just in case you're wondering where the green cars angle is here, I think we should remember that Ford is losing money hand over fist while fuel-efficient imports are racing off showroom floors in America. I submit the following posts (some courtesy of our friends at AutoBlog) as evidence:
- Toyota posts higher than expected quarterly profits
- Business is booming at Toyota
- Hybrids will play an important role in Toyota's future profits
[Source: Ford]
