Saturday, July 04, 2009

Proof of Ford's Way Forward moving.....

If you want proof that Ford's Way Forward was the right way to go you need look no further than the headlines, LA Times Ford #1 in Canada or Ford boosts 3Q profits
Great article here too
The numbers don't lie. Sure, Ford's sales are down 11%, but Toyota, Honda, GM & Chrysler are down on average 30%, some way more than 30%.

All those pundits who questioned if Ford not taking bailout funds or filing for Government backed Bankruptcy need to step up and acknowledge that Alan Mulally and Bill Ford did the smart thing, mortgaging everything they could and riding out the storm.

Ford has closed plants and dealerships, this is true, but not in the slash and burn manner of crosstown rivals. Ford has new product and technology in the pipeline that will mean a huge difference over the next few years. It's very likely Ford will return to profitability in 2011.

It's no secret that I've been critical of Ford, Mulally and Bill Ford, but while pundits dig FoMoCo's grave, I feel free to Dream again.

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