Keeping in mind that the Ford family owns the Lions, I have my worries about the guys they hired to turn things around.
They don't have a very good track record, at least not since Lee Iacoco. Like GM, they have given too much of their profits back to the union AND management, instead of reinvesting into more effiecent mfg processes. Now they are trying to get rid of 30,000 people to lower their payroll, which begs the question: why were they there in the first place?
Is Ford cutting off it's nose to spite it's face, hoping just to stay in business, or did they have that much dead wood?
Not good either way, and this doesn't begin to cover what is wrong with the product line they make.
No wonder Toyota is eating their lunch. No union, complete focus on quality, willing to listen to employee feedback, and steady profitability.
