By Leftlane Staff
Friday, Jul 14th, 2006 @ 6:23 pm

Ford needs a partner like Renault just as badly as General Motors, says Bloomberg columnist Doron Levin. But involvement of the Ford family in the company could prevent that, he says. “Unfortunately for most shareholders, Ford is an unlikely candidate for a broad collaboration similar to the one GM is contemplating with Renault SA and Nissan Motor,” writes Levin. “The reason: the Ford family’s controlling interest in the No. 2 U.S. automaker.” He says “Ford Motor’s unusual capital structure has insulated the Ford family from the checks and balances on management found at GM and most other publicly traded companies.” Levin is specifically critical of Bill Ford’s leadership. “The family gambled on taking management in its own hands and lost,” Levin says.

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