first GM, now its Ford's turn
 

http://money.cnn.com/2006/01/23/news...ex.htm?cnn=yes

Ford to cut up to 30,000 jobs
No. 2 automaker to close 14 North American manufacturing plants in effort to stem losses.

its about time.

There goes Wallstreet...again.

that article said "number two"

kekekeke :reechy:

Quite sad actually, but this was a long time coming.

Back in College, 2003-ish, the University's business school would always make us do case studies on successful companies. It was a given it would always be on:

1. Dell
2. Southwest Airlines
3. GM

and unsuccessful companies like:
1. Gateway
2. UAL
3. Ford

it's amazing that Ford actually outlasted GM, but both companies are screwed. Is there any recovering from this?

You do realize that when GM and Ford do poopy it negatively affects the rest of us as well right?

That's why they downsize. The fact of the matter is Ford's recent product lineup is pretty promising with the Ford 500, the new Mustang, etc. It's hopefully just a matter of time when they get back on their feet, but the fact of the matter is they have a shaky reputation to shuck first.

GM on the other hand is a mess. Their newer product lineup is as usual pretty lackluster and unless they do something very soon it's not going to bode well for the company.

IMO, no company should be allowed to get that big in the first place.

I never liked really anything ford made. Generic cheap cars/trucks. Good riddance.

leaving the minivan segment ehh? interesting

yeah i know. but what i meant was that i saw this coming a while ago and was just waiting to see when it would actually take place. i mean come on, knowing that the worlds current supply of fuel is increasingly dissapearing while crazy oil prices and wars go on, this was bound to happen to a company thats invested a lot of its time making huge gas-guzzling vehicles.

all these american auto makers need to hire japanese and german engineers :o