RSS RSS Twitter Twitter
Leftlane - news, reviews, and info for the auto-industry
 
 

Ford could speed up cost cutting

09/18/2007, 2:43 PM

By Drew Johnson

Ford’s head of North and South American operations, Mark Fields, said in an interview today that Ford may have to speed up its cost cutting if a slowing U.S. economy puts the automaker at risk of missing key financial goals in 2008 and 2009. Fields said that amid an uncertain housing market and job growth, “there’s more risk than there is opportunity going forward.”

Fields went on to say that Ford is on track to meet the 2008 cost-cutting target and 2009 profitability goal. Ford could slow production in the fourth quarter to avoid excess inventory — something that has plagued Chrysler in the past.

There is no doubt that Ford is in the midst of a complete revamp of its North American operations. The automaker has already shut down a number of its plants and is the middle of drastically reducing the size of its dealer network. GM also recently announced that it would be cutting shifts at its pickup truck assembly plants.

    Print This Post

New car price quote

Zero obligation price quote from a trusted local dealer.
 
 

09/18, 3:20 PM

posted by:

Commodore

* No plastic interiors
* No crappy rental cars

09/18, 3:27 PM

posted by:

jackjimturkey

agreed

09/18, 4:27 PM

posted by:

R1GHT30U5

“Ford may have to speed up its cost cutting if a slowing U.S. economy puts the automaker at risk of missing key financial goals…”

Yeah, blame it all on the economy… LOL
It surely wouldn’t have anything to do with their product lineup would it?

09/18, 6:17 PM

posted by:

sharpie

I think all Ford said is that a slowing economy will make bad things worse. Nothing wrong with saying that.

09/18, 6:21 PM

posted by:

MurcieMe

Perhaps they should be forced to take a look at thier own “new” Focus, and ask themselves why they’re in the situation they’re in.

09/18, 6:31 PM

posted by:

1c3d0g

Cost-cutting should be done in expensive labour costs, NEVER in engineering costs.

09/18, 6:41 PM

posted by:

Foreigncarssuck

TO THE FIRST COMMENT NAME A NEW CAR THAT DOES NOT HAVE A PLASTIC INTERIOR? ALL NEWER CARS HAVE PLASTIC INTERIORS FOOLS!

09/18, 6:42 PM

posted by:

Foreigncarssuck

OUT OF A JOB YET? KEEP BUYING FOREIGN!

09/18, 6:46 PM

posted by:

Foreigncarssuck

I WOULD TAKE A FORD MODEL T OVER ANY JAP OR GERMAN JUNK ANYDAY. TAKE THE BIG THREE AND MICHIGAN OUT OF AMERICAS ECONOMY AND YOU WOULD HAVE ANOTHER GREAT DEPRESSION! THE US AUTOMAKERS MAKE UP FOR 1 OUT OF EVERY 10 JOBS IN THE WORLD, TRICKLED DOWN! IF MICHIGAN HAD ALL THE AUTO INDUSTRY AND PLANTS LOCATED IN MICHIGAN IT WOULD BE RICHER THAN AMERICA ALONE!

09/18, 7:16 PM

posted by:

tripleonefive

No plastic interiors
* No crappy rental cars
Tell GM to do the same

09/18, 7:47 PM

posted by:

Hugh Jass

Cut costs by dumping Mark Fields.

09/18, 8:10 PM

posted by:

Foreigncarssuck

tripleonfive all new cars have plastic interiors, you must be in kintergarden still. Id rather have a ford thats made out of steel than a toyota thats made out of recycled campbells soup cans and plastic pepsi bottles!

09/18, 8:12 PM

posted by:

Foreigncarssuck

IF IT WERENT FOR FORD THERE WOULD BE NO GENERAL MOTORS, TOYOTAS HONDA ETC ETC!

09/18, 8:22 PM

posted by:

Commodore

1115

GM IS getting rid of it’s rental cars. At least all new cars are kept away from rental fleets, GM gives fleets **** like the “Malibu Classic” to fleets which is basically an older version Malibu

09/18, 8:26 PM

posted by:

Commodore

foreigncarssuck (or are you GM SALES in disguise?) – not all new cars have interiors. I am pretty much on your side (even though you are WAYY more biased than me), but I have to admit that the Japs have some pretty good interiors (new Accord – which is straight out of an acura, but still). All cars do have some plastic parts, but I was reffering to fully plastic interiors that GM did a few years ago..those are bad

09/18, 8:35 PM

posted by:

Scott Kempton

Foreigncarssuck—hate to be the bearer of bad news, but ALL car manufacturers use recycled materials. In fact, I read a few years ago that Ford was the biggest consumer of recycled soda pop bottles; they used them to make a large piece that included the headlight ” buckets” behind the grill of their Taurus.

And I get your point about losing American jobs to foreign car builders, but to claim that imported cars are junk just because you resent the loss of jobs, I ridiculous. If they were, the Big 3 wouldn’t be in the jam they’re in now.

09/18, 8:51 PM

posted by:

Foreigncarssuck

The reason for the job losses is mainly high gas prices. In the 1990s gas prices were cheap as much as 87 cents a gallon in 1999, in Michigan. It’s not because foreign cars are built better which is a bunch of american hating liberal lying media Bull crap. BTW ford are not made out of recycled soup cans like toyotas. I cannot wait until all these people who buy foreign cars lose there jobs, then they will know what it feels like.

09/18, 8:53 PM

posted by:

Foreigncarssuck

I went from making 20 dollars an hour 2 years ago to 9, cause of my new job, you would be pissed of too!

09/18, 9:00 PM

posted by:

Foreigncarssuck

IF you live in America, you should at least buy American auto, which is the bread and butter of Americans economy, and dont give me that WELL TOYOTAS ARE BUILT IN AMERICA CRAP, because the profits are going back to japan and germany, meanwhile Americans are losing jobs and taking losses like I am for less pay. I dont mean to attack anyone on here, it just fustrates me when ppl bash american products especially the ones who live in America, It’s like if you dont like it the go to another freakin country. Look at the chinese food poisoning problem. That is crap, when we have so much farmland here and we have to import food from china so a fatass corporate leader can stuff his gut while American families suffer so he can have a fatter wallet to avoid taxes and drive his 6th ferarri, It makes me sick. I hope jesus comes back soon.

09/18, 10:27 PM

posted by:

Scott Kempton

Foreigncarssuck—-I hear tell He’s on His way. Then you’ll get your job back, I’m sure. And since when does Toyota share its profit with the Germans? :)

To be fair, American cars HAVE come a long way in the last five years. But in my opinion, Japanese cars have been clearly superior to American cars for a long time, and it frustrates ME that it has taken Detroit SOOO long to recognize that fact and finally do something about it.

09/18, 11:28 PM

posted by:

Foreigncarssuck

Scott Kempton, if Jap cars have been superior for so long then how come GM, FORD, AND CHRYSLER, have been dominating sales for 75 plus years unlike the japs? Cause japs make boring cars! And they can’t compete against AMERICAN TRUCKS (the bread and butter)And this deanster character needs to be wacked Sopranos style. Deanster mentioned a basement, so that’s where he secretly molests little boys. MY brother is a Fed so i will get your IP address and report you! You need to be choked to death by a fat **** in your mouth cause you aint nobody! Get ready to see a cop at your door tommorrow deanster cause your going down.

09/18, 11:36 PM

posted by:

Commodore

foreign – i thought i was the ‘fat virgin who wacks it to shemale porn’
Do you use that awesomely bad dis on everyone who disagrees with you.

And the best part is that I am actually on YOUR ****in side. Go down a few posts on LLN (to the honda recall one) and scroll though the comments and I think you can pretty much see who’s side I am on. But you need to chill bro. You are JUST like deanster with the really bad disses nd all, only difference is that you cheer for domestics and he cheers for imports

09/19, 12:12 AM

posted by:

R1GHT30U5

I thought the comments were supposed to be about automotive news. You guys attacking each other need to get your **** together! Lets get back on topic damn it!

09/19, 4:37 AM

posted by:

WEKS

Those that don’t want Toyota’s profit to go back to Japan, buy their shares and the profit goes to… YOU!

09/19, 7:19 AM

posted by:

Wickedated

LEFTLANENEWS — GET SOME MODERATORS!

09/19, 7:56 AM

posted by:

Htay5500

don’t we have the freedom to buy what benefits us? isn’t that american?

if it wasn’t for foriegn competition, the big 3 will be in a much grave condition. there are lots of cars the big 3 doesn’t have compared to the comp.

09/19, 8:02 AM

posted by:

1487_GM_SALES

Ford could really cut costs by just going out of business like a good little sh*t. GM’s got your number punks

09/19, 8:05 AM

posted by:

e46Ne90

competition is a good thing in all businesses. I hope people realize this in auto industry. without competitors there will be no improvments thus we will be stuck driving the same car over the years…

09/19, 8:10 AM

posted by:

Get Real

I read a long story about seat-tracks and Ford.

A company offered a few standard designs for all models vs. Ford’s 30+ designs, one for each car model.

Ford told them to mind their own business.

Ford is going to die, hate to say it.

09/19, 9:37 AM

posted by:

Luca

fair competition is very good for any kind of business, so it’s good for big 3 too. Th point is: are japanese competitors fair? their good products can, and did, stimulate big 3 to produce better cars, have a look at recent GM, Ford and Chryler (300 is gorgeous!!) but, BUT, japanese corps have a closed inner market that protect and insulated them from any crisis and allow Toyonda, for example, to dump unfairly american car industry. That’s not correct; for that reason i’m on Foreigncarsuck side, and, most of all, i’m sorry for him and all the people like him that have lost or are losing their good job because UNFAIR competition. It’s easier for Toyonda to produce and project better car when they know that they will make money anyway at home, whatever piece of iron they are going to sell..
Best Reagards

09/19, 11:38 AM

posted by:

jackjimturkey

htay: your first sentance is on the ball. Your second didn’t make sense. Luca: I heard about dumping before I was old enough to drive.

foreigncarssuck: It’s really complicated, but I thin k at some elvel you’re right. But some people were forever turned off by the ‘82 Citation.

09/19, 11:55 AM

posted by:

1487_GM_SALES

Once Ford is out of business, America will be a much better place to live.

09/19, 12:49 PM

posted by:

jackjimturkey

How so?

09/19, 2:09 PM

posted by:

Htay5500

you have to credit foreign comp which helped push the big 3, well maybe gm into a better situation.

09/19, 3:46 PM

posted by:

jackjimturkey

forced the big three to make better products

09/19, 6:56 PM

posted by:

Commodore

yea GM SALES – we would be such a prosperous nation because one of our giant corporations goes under. good thinking!

09/20, 9:25 AM

posted by:

1487_GM_SALES

Ford going out of business would mean more customers for General Motors. A great thing for GM and a great thing for America. We as Americans owe our lives to Genral Motors

09/20, 9:46 AM

posted by:

Get Real

Ford turned a whole factory over to bomber production during WWII.

Thanks to FORD we aren’t speaking German or Japanese.

The unions during WWII were trying to strike and shut down production while our grandparents were out in the battlefields.

Shut down the union and save Ford and GM.

09/20, 11:18 AM

posted by:

jackjimturkey

GetReal: we woudn’t be speaking japanese anyway. Hitler would’ve smoked them (non-”Aryans”, you’d be speaking German, and I’d have never been born

09/22, 9:36 AM

posted by:

BLISS

IT WILL HELP GENERATE MORE SALES.

 
 
You need to log in with your user name and password before you can leave comments.

    

Forgot your Password?

Don't have a user name yet? Simply fill in the form below and click the link provided in the
confirmation email. You must supply a valid email address to complete the registration process.

  
 
 
 
 
  • Login
  • About
  • Contact
Please note that you need to log in with your user name and password before you can leave comments.
  

login
cancel
Forgot your Password?
Don't have a user name yet? Click here to register now.

Simply fill in the form below and click the link provided in the confirmation email. You must supply a valid email address to complete the registration process.

  
submit
cancel
Leftlane is the leading source for automotive industry and vehicle news, new car research, future vehicle information, and reviews. Read by car shoppers, driving enthusiasts, autoworkers, executives, and investors, the website is updated throughout the day with the very latest auto news - as it happens.

Leftlane also provides consumers with accurate and media-rich information on every car currently on the market. In-market shoppers can review specs, read overviews, view high-resolution images, watch videos, and estimate pricing. No other automotive publication brings together the same degree of timeliness, thoroughness and accuracy as Leftlane.
 
submit
cancel