Ford – A relative bright spot in Detroit
Ford is substantially transforming its company and only major car company not asking its government for support (even Toyota is asking Japanese government). To be sure, it is still has a long way to go, but atleast they are going in the right path.
Here is a relevant Forbes article on this:
Ford has put its two Detroit rivals on the spot. Chrysler and General Motors are already on the hook to the U.S. government for some $18 billion between them, and pleaded for more last month.
In return, they’re supposed to be striking deals to reduce their liabilities with stakeholders – unions, dealers and lenders. But Ford (F, Fortune 500), which hasn’t tapped Washington for aid, is beating them to it.
Here is a Wall Street Journal interview with its CEO:
