Ford ’s “Way Forward” restructuring plan ranks among the five “dumbest things on Wall Street this week,” according to TheStreet. “Fixing Ford’s business is looking like no mean feat. The company promises better cars and trucks, but its core North American auto business won’t swing back into the black till at least 2009. Just nine months ago, Ford was promising a North American profit in 2008,” the financial publication says. “The future is looking so bleak that Ford reportedly even discussed an alliance with GM.” Shares plunged twelve percent the day of the announcement. TheStreet also seems skeptical of Mark Fields’ ability to turn Ford’s U.S. operations around. “We’ll take your word for it, Bill.”
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