Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Ford: Ax to cut deeper
UAW givebacks, plus lower design and purchasing costs will be required.
Ford Motor Co. will have to cut more costs and wrest concessions from the United Auto Workers to meet its goal of restoring a slim profit to its North American automotive operations by 2009, Chief Financial Officer Don Leclair said Tuesday.

The comments, which come seven weeks into new CEO Alan Mulally's tenure, mark the first time Ford has acknowledged it needs cutbacks that go beyond its massive Way Forward restructuring plan announced in September to meet the 2009 profit goal. "Reducing costs is our life's work," Leclair said in an interview with The Detroit News.
....
http://www.detnews.com/apps/pbcs.dll/article?AID=/20061115/AUTO01/611150357
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.