Comments on: Bailout Watch 229: Ford Back in the Black by 2011. In Theory. [Plan Below]

By: improvement_needed

improvement_needed — Wed, 03 Dec 2008 11:54:25 +0000

when they were working on their restructuring several years ago, wasn’t profitability supposed to come in 2010/2011 anyways???….

By: Flarn

Flarn — Wed, 03 Dec 2008 05:42:14 +0000

That ‘51 Packard will last longer than the Shrinking 2.8

By: Areitu

Areitu — Wed, 03 Dec 2008 04:23:34 +0000

I remembered when you started the Ford and Chrysler ones. Back then, I wonder how things would be if the credit crunch hadn’t happened.

dwford :
December 2nd, 2008 at 10:18 pm

If Mulally can pull this off, he deserves every penny of his salary.

All 100 pennies?

By: dwford

dwford — Wed, 03 Dec 2008 03:18:49 +0000

What’s this? A plan?? Hmmmm…

-spend $14 billion to remake the fleet by 2013
-convert truck plants to cars to increase sales
-new hybrids and EVs
-full fund the VEBA
-finish selling off non-core assets
-operate as a self-sufficient company without government aid absent the bankruptcy of competitors
-use government “bailout” money only sometime in the distant future instead of this month

If Mulally can pull this off, he deserves every penny of his salary.

By: 50merc

50merc — Wed, 03 Dec 2008 03:00:31 +0000

tom: “Henry Ford said on February 11, 1934: ‘Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again.’ ”

Good ol’ Henry. What a lovable egomaniacal nut! Yeah, he did it all by himself. Couzens (managed the company), Wills (chief designer of the T) and Sorensen (production boss) had nothing to do with FoMoCo’s success.

By: Hippo

Hippo — Wed, 03 Dec 2008 02:28:39 +0000

Here is one SNL missed.

Someone should really circulate it when Congress debates the bailout.

http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909

By: autonut

autonut — Wed, 03 Dec 2008 02:23:30 +0000

I think plan outlined in SNL schtick was more to a point and more financially responsible. We are witnessing life imitating SNL.

By: tom

tom — Wed, 03 Dec 2008 01:58:11 +0000

Henry Ford said on February 11, 1934: “Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again.”