Ford is paying the price for keeping SUV's and large Pickups as their sales leaders.
They announced a 21% cut in North American production today, just as Honda and Toyota...and even Hyundai are expanding and recording record sales.
This is a prime example of short term thinking...and also of corporation unable to change. An article I read about Ford suggest that the layers of management make it difficult to change quickly....
Now, you'll have to excuse me while I take a look at those Ford Corporate bonds my broker bought for me a few years ago. "Ford, what can happen to Ford?" is an exact quote from her.
They announced a 21% cut in North American production today, just as Honda and Toyota...and even Hyundai are expanding and recording record sales.
This is a prime example of short term thinking...and also of corporation unable to change. An article I read about Ford suggest that the layers of management make it difficult to change quickly....
Now, you'll have to excuse me while I take a look at those Ford Corporate bonds my broker bought for me a few years ago. "Ford, what can happen to Ford?" is an exact quote from her.