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Bailout Watch 560: Bill Ford: "God Bless Uncle Sam"
by
Robert Farago
(IC: employee)
Published: June 15th, 2009
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Robert Farago
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Published June 15th, 2009 11:13 AM
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I doubt I'd have said one thing differently were I in Bill's shoes. Too bad I despise their North American products, cause lately I've been feeling kinda warm and fuzzy towards Ford (for the first time ever). The management team seems to have played the same lousy hand infinitely better than did their chief rivals.
Any disruption of revenue on a company operating on low margins is usually disastorous. Losing GM and Chrycho would not result in business instantly turning to Ford. If GM/Chryco go under then many suppliers probably wouldn't make next month's rent, let alone the lead time of replacing GM/Chryco business w/ new Ford business. There is a chance I'm mistaken but I'm fairly certain suppliers these days are more on the ropes then the auto makers.
After my F150 burned in my driveway, just 25 feet from my house, due to a falty Speed deactivation switch, I have given up on the US auto industry. All I want is a dependable car. I did not hear that word out of his mouth.