Originally posted by: Pulsar
Ford is already starting to have difficulty competing against GM and Chrysler. How, you might ask?
Well, one way is that GMAC, (owned by Cerberus and now the gov. as well) has been designated a 'bank'. That means they can get loans from the gov. around prime. Which means they get charged 2-3% interest right now, while Ford Finance is getting nailed with 7-9%.
Another way: You now have the UAW invested in both GM and Chrysler. How, exactly is Ford going to manage to get a fair Union bargain in the next negotiations when the UAW has a vested interest in GM and Chrysler beating Ford?
HOWEVER, Ford is doing fine. We have more powertrain launches in the next year than every before. Our new small engines (boosted and turboed) kick absolute ass - 350+ horsepower at 25+ mpg... yeah we can do that. On non-premium fuel.
Our cars are looking better than ever. The new Taurus in 2010 is totally kick-ass and looks it (finally). The other new vehicles, like the hybrids and the new Fusion Plug-In in 2011 with a 100 mile range is going to rock too.
We're doing better. Thank god for Bill Ford, Alan Mulally, and Mark Fields. Thank Bill for knowing he was in over his head and getting Mark and Alan. Thank Mark and Alan for seeming knowing how to place product ahead of quanity.