Ford leaves Ford

[R-A-Y]

Sometimes, the owner of a company realizes he is not the best man to operate it:

http://www.forbes.com/home/feeds/ap/2006/09/05/ap2994882.html

He is looking out for the interest of the company, so it would be best to have someone else take the helm and he will probably be best as a stakeholder

[borly]

well i hope that the executive from boeing turns things around for the ford motor company...

[kbh]

i've heard about this na sa bbc before
natuluyan nga siya

[R-A-Y]

Before pa? But it only happened last Tuesday ah

[-Andrew-]

before this announcement, bill ford openly admitted to the public for his admiration for renault-nissan CEO carlos ghosn and his inability to lure him to run ford. however, now that he seemed to find a man suitable to implement his turnaround plan (2nd one), then it will put an end to the rumors that in case a renault-GM alliance would break down, ford would give ghosn an offer.

um...i just hope this boeing guy can turn things around. pretty bad shape ang ford now. lately even in a worse shape than GM. but both of them are heavily concentrated and too reliant on trucks which sales have been slowing down due to high gas prices. they should have taken the road laid down by toyota- go small and hybrids. ford's stock is cheap now. hmmm....

i hope i don't regret not buying it like the way i regret not buying GM last december when it was selling for 21 dollars.

[R-A-Y]

before this announcement, bill ford openly admitted to the public for his admiration for renault-nissan CEO carlos ghosn and his inability to lure him to run ford. however, now that he seemed to find a man suitable to implement his turnaround plan (2nd one), then it will put an end to the rumors that in case a renault-GM alliance would break down, ford would give ghosn an offer.

um...i just hope this boeing guy can turn things around. pretty bad shape ang ford now. lately even in a worse shape than GM. but both of them are heavily concentrated and too reliant on trucks which sales have been slowing down due to high gas prices. they should have taken the road laid down by toyota- go small and hybrids. ford's stock is cheap now. hmmm....

i hope i don't regret not buying it like the way i regret not buying GM last december when it was selling for 21 dollars.

They acted too slow eh. They saw it coming, but probably bureaucracy was always in the way. Maybe they should just let all members of the Ford family become a shareholder instead of always acting like sacred cows in the workplace. It would be better for them in the long run. Either that or they will run the whole thing to the ground.

If you bought it last July and sold it now, you would have made some moolah

The Boeing guy should be good. The Dreamliner planes they made are eating up Airbus like ants on a candy.

[k.o]

hmm i dont think that the head is the only one to blame of fords miseries ... i think to turn things around, they should also make good products ... magaling nga head but their products are not that competitive anymore ... so wala rin ...

[mike727]

i think the problem with ford is that they too many brand of cars. imagine owning ford, mercury, mazda, volvo, lincoln, jaguar, land rover, and aston martin, how the hell could they concentrate on the development of these cars? i also think they share platforms of cars too much, like mazda and volvo. imagine owning a 2million peso plus volvo and a guy in a mazda comes up to you and says "hey, our cars share the same platform you know?" i mean i like mazda, they are good cars and drives well, volvos are good too, but if i spend 2 million pesos or more on a car, i don't want it to have quite the same platform as a car around 700k. the same with ford and lincoln, aston martin and jaguar. some people would even think "what is the sense of buying an aston martin db9 when you can have the same performance and luxury that an xk can give you at a fraction of the price?" 

[Protege Mania]

i think the problem with ford is that they too many brand of cars. imagine owning ford, mercury, mazda, volvo, lincoln, jaguar, land rover, and aston martin, how the hell could they concentrate on the development of these cars? i also think they share platforms of cars too much, like mazda and volvo. imagine owning a 2million peso plus volvo and a guy in a mazda comes up to you and says "hey, our cars share the same platform you know?" i mean i like mazda, they are good cars and drives well, volvos are good too, but if i spend 2 million pesos or more on a car, i don't want it to have quite the same platform as a car around 700k. the same with ford and lincoln, aston martin and jaguar. some people would even think "what is the sense of buying an aston martin db9 when you can have the same performance and luxury that an xk can give you at a fraction of the price?" 

what they should do is just lower the entry price on the volvo to a few notches above the Mazda BUT keep the T5's different, that way they go against Saab and more aggressive suspensions for the MazdaSpeeds to go against HTR's.

about hte XK and Aston, it will boil down to how you want the body done and how it looks like, and whether you want a V8 or V12. for people who have the money for these, trust me, they'll still buy both cars.

[-Andrew-]

actually the head is to blame. kasi he's the CEO, he should be the one executing the plan. from selecting great talent, to letting his troops grow and maximize their talents, and give direction to the company as a whole, lahat yan work ng CEO. if the designs aren't good enough, maybe its the desingining team's fault, but it's also the CEO's fault for hiring incompetent designers or approving such projects.

i don't think its fair to say it's not bill ford's fault. shempre as a shareholder he did not plan it to happen this way, that's for sure. but kahit anong excuse ng tao, all responsibility will lead back to him. it's good that he sees his limitations and handed the job over to another man. he set aside his ego and family name for the sake of the company. admitting that you cannot run your family's company is hard, and i admire bill ford for that. but first he should accept responsibility for not acting fast enough, for not executing perfectly enough. clearly, somehow along the way there is an execution problem. a direct competitor like toyota can earn 10billion annually and they can't even break even. same industry. ang pinagkaiba, execution.

[R-A-Y]

Or he can't get his family members to work in sync, and so he jsut decided that he have someone else axe them in the CEO position while he keeps the chairman position

[Dondie]

i think ford lost it when they took over mazda... imho lang.

In a way yes, pero with the current sales they are having, at the end of the day is seems to be an excellent acquisition.

Matagal na naman nasa vision ng Ford to have different brand names from Asia, US and Europe. If I remember it correctly, it was during Lee Iaccocca's time pa that they wanted such. During those years, VW was number 1 on their list.

The "Ford" problem was always a problem. Even during Lee Iacocca's time, he was reponsible for most of Ford's success with birth of the Mustang, Mr. Ford wanted him at the sidelines, the more pa sa Germany, wherein Ford was making a huge impact, during meetings and introductions, Mr. Ford always wanted to be the star, both to the press and associates, eventhough is was obvious he knew little about the car/product he was introducing.

That carried on for years, Lee Iacocca's then was asked to leave Ford Company and was later hired to rescure ailing Chrysler.

Ford also was stubborn during the oil crisis where one of the major moves to save the company was to use Japanese engines on their small sedans, he refused and vowed that no Jap engine is going to land into any of their cars.

Then years later... oh well alam niyo na yun.


Anyway, I think Ford is a simple victim of equalization of markets within the car industry. Malaki ang Ford and their finances are brought upon by years and years of domination (They even had a huge influence on the American Government)

Now that the market is opening up, their shares are obviously being eaten by "options" to the market such as Toyota, Honda and other import brands. And thus, downsizing and reduction.

[R-A-Y]

NICE ONE!hhehehehe

Whaaa?