Ahhhhhhhhh .... something I can comment on.
I was an Executive at Ford, right in the WHQ building overlooking Southfield Road.
I was lucky and took very early retirement a few years ago. My work included many areas of the entire purchasing, assembly and sales oerations both in North America and Europe.
Here's what went wrong:
- We produced poor quality vehicles and then fixed and fixed them under warranty.
- Our designs lacked boldness, because this is a conservative company that takes no chances.
- Financial decisions and decision makers ruled ... especially in the purchasing of materials ... cheaper is better.
- In the 1990's, the value of the Company became inflated as reflected in the stock prices. The bubble burst.
- The UAW was always considered the enemy ... the element to eliminate in the process ..the lazy element that would joyfully produce junk to spite management. They lived the image. I found them almost criminal as they held out their hands for a fat pay check after sleeping all day.
- Management was always afraid and fought change of any kind. Yessing the Boss and dragging your feet equaled promotions.
- For years and years anything built was sold at a profit. The Japanese did nothing more that produce like vehicles perfectly. Ford and GM were fatted calves to be gored.
- So called Americans bought foreign vehicles with no idea or concern how this would destroy another American manufacturing industry and undermine the entire economy while bolstering Japan's.
So .. Who is at fault? Everyone.
Must it be "fixed"? You better believe it.
Ford and GM stock is in every pension plan around.
Foreign investors are holding their notes.
The US govenment is holding their notes.
Will it get fixed? yes ... But both Ford and GM will hold smaller market shares. The UAW has woken up ... Gettlefinger is a fine, smart man. The vehicles will be bolder in design - fun - with higher quality (which is already up).
Toyota will take the sales lead. They will then find themselves faced with the same dilemas as they get too large to control. (It is happening now in quality.)
I have 4,000 shares of F ... sold all the rest at $66. I''l make money because I bought at $7.
I'll always drive a F/LM because they are damn good and I get a super deal.
The end.
I was an Executive at Ford, right in the WHQ building overlooking Southfield Road.
I was lucky and took very early retirement a few years ago. My work included many areas of the entire purchasing, assembly and sales oerations both in North America and Europe.
Here's what went wrong:
- We produced poor quality vehicles and then fixed and fixed them under warranty.
- Our designs lacked boldness, because this is a conservative company that takes no chances.
- Financial decisions and decision makers ruled ... especially in the purchasing of materials ... cheaper is better.
- In the 1990's, the value of the Company became inflated as reflected in the stock prices. The bubble burst.
- The UAW was always considered the enemy ... the element to eliminate in the process ..the lazy element that would joyfully produce junk to spite management. They lived the image. I found them almost criminal as they held out their hands for a fat pay check after sleeping all day.
- Management was always afraid and fought change of any kind. Yessing the Boss and dragging your feet equaled promotions.
- For years and years anything built was sold at a profit. The Japanese did nothing more that produce like vehicles perfectly. Ford and GM were fatted calves to be gored.
- So called Americans bought foreign vehicles with no idea or concern how this would destroy another American manufacturing industry and undermine the entire economy while bolstering Japan's.
So .. Who is at fault? Everyone.
Must it be "fixed"? You better believe it.
Ford and GM stock is in every pension plan around.
Foreign investors are holding their notes.
The US govenment is holding their notes.
Will it get fixed? yes ... But both Ford and GM will hold smaller market shares. The UAW has woken up ... Gettlefinger is a fine, smart man. The vehicles will be bolder in design - fun - with higher quality (which is already up).
Toyota will take the sales lead. They will then find themselves faced with the same dilemas as they get too large to control. (It is happening now in quality.)
I have 4,000 shares of F ... sold all the rest at $66. I''l make money because I bought at $7.
I'll always drive a F/LM because they are damn good and I get a super deal.
The end.
