Bill Ford
Bill Ford
William Clay "Bill" Ford Jr.is an American businessman. The great-grandson of Henry Ford, he serves as the executive chairman of Ford Motor Company. Ford also served as the President, CEO, and COO until turning over those roles to former Boeing executive Alan Mulally in September 2006. Ford is also the Vice Chairman of the Detroit Lions NFL franchise...
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They train us to survive. It's the best training and the best military in the world and best technology in the world.
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As our results indicate, we face many challenges in this competitive and difficult environment. We have demonstrated throughout the year that we will continue to take the actions necessary to return our core business to sustainable profitability. We understand the issues, our priorities, and have the right team in place to get the job done.
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Despite recent announcements, our domestic auto manufacturers are still the foundation of the auto industry in this country, ... We still employ nearly 90 percent of the workers in our industry. We still manufacture 75 percent of the cars and trucks made in America. We purchase 80 percent of all U.S. auto parts.
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We decided to do it together. They have a buddy program where you go through basic training together.
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In addition, we are working with fuel providers to expand the infrastructure needed to provide ethanol. And we're going to actively engage customers so they will understand that they have (flex-fuel vehicle) options.
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These plant and benefit actions, while painful for our employees, are necessary as we confront a serious situation, ... More tough decisions will follow in the months to come.
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The future arrived faster than we expected because of this year's sharp spike in fuel prices,
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The challenge we face isn't a traditional economic downturn. It's a new, rapidly evolving, brutally competitive global marketplace.
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The hardest part is getting used to the military lifestyle and being told what to do. For us, basic training will be the most difficult part.
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It is clear that individuals and companies that want to be successful in the 21st century will need to be leaders in using the Internet and related technology. That's what this program is all about.
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Our best people are in that critical age range, ... I feel actually very good about our bench strength.
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We beat analyst estimates in the first and second quarters and we will do it again in the third quarter,
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This transformation isn't going to be quick and it isn't going to be painless. It involves risks and the financial rewards won't be immediate. But in the end, I believe we'll get there.