Re: Ford shakes up management after bruising year
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They just tried to ramp up production way too quickly at Chicago, the reason being that there was no room to do pilot builds to make sure that everything would work smoothly. Q3 was the worst of lost production, Q4 sales were only down 9,000 compared to 2018.
The big shame here is that there were new product launches at two other US plants that went off without a hitch. A $2.2 billion special charge to pension funding was the bulk of the $3.6 billion drop in profit.
By the end of 2020, Ford will have renewed 75% of vehicles in it's US showroom and then begins on the great electric vehicle quest, they will have entries in most major Pick up, SUV, crossover and Van segments in the next three years.
Last edited by jpd80; 12-02-2020 at 07:03 PM.
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