[Shotimes] OT Ford's Future Plans for 500 and performance cars
Fred George
fgeorge@pacbell.net
Thu, 17 Oct 2002 13:22:52 -0700
Read it and weep. In Thursday's Wall Street Journal, "At Ford, Revamp
Means Rebuilding Wrecked System" provides details of how the
$162-billion Ford Motor Company went astray, suffered cost and quality
control set-backs and ended up with a downgraded credit rating from
Standard & Poors.
Bottom Line? Look for the firm to shave every last penny from
production costs, mainly produce bread-and-butter products in the next
decade and attempt to boost earnings per share. The implication is
clear. Cost control is king; inpired engineering is out. Don't look for
new high performance, specialty sedans, such as an SHO-inspired Ford 500
or Taurus in 2004/05 from the cash strapped company.