Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Next Thread
Author: TMFThump Big gold star, 5000 posts Old School Fool Home Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18315  
Subject: Fields View Date: 11/15/2012 8:28 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
duplicate post from the SA:Ford board

Here's a pretty good example of why Mark Fields has established himself as the heir apparent at Ford. When presented with a question about the European problems he now owns with his new responsibilities as Ford's COO, he was quick to point out that he views it as more of an opportunity. Every manufacturer faces headwinds there, but those that get their house in order first will be well positioned for the eventual turnaround. It is precisely the situation that automakers faced in the US around the time of the credit crisis, and Ford was the first to emerge when the dust settled.

They acted quickly to align capacity to the market without cutting product programs. "Our approach when we went through the downturn in North America was that we would sell the furniture before we cut the product program," Fields commented. You've heard very little from other manufacturers about plant closing, while Ford has announced they will shut down facilities in Belgium and the UK. Some additional details:

SA Home Fool & F ticker guide
Print the post Back To Top
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Next Thread