The Way Forward

četvrtak, 20.08.2009.

In the second half of 2005, Chairman Bill Ford said the recently appointed Ford Americas Division President Mark Fields to develop a plan for returning the company to profitability. Paul viewed the plan, called the road ahead, and on 7 December 2005 meeting of council, and he was open to the public January 23, 2006. "Way Forward" includes resizing the company in line with current market realities, dropping some unprofitable and inefficient models, consolidating production lines, as well as the closure of the fourteen plants and 30,000 job reductions. [31]
These reductions correspond to the Ford Foundation, nearly 25% decline in U.S. automotive market share since the mid-late 1990's. Ford target is to become profitable again in 2009, a year later than planned. [Citation needed] Ford's reorganization also includes the sale of its subsidiary, Hertz Rent-A-Car to Private Equity Group for $ 15 billion in cash and debt acquisition. Sale was completed on December 22, 2005. A 50-50 joint venture with Mahindra and Mahindra Limited of India called Mahindra Ford India Limited (MIFL), ended with Ford Mahindra buyout the remaining shares in the company in 2005. [32] Ford previously upped its share to 72% in 1998. [33]
President and CEO of Ford became president in April 2006 with the retirement of Jim Padilla. Five months later, in September, he resigned as president and chief executive officer, and the names of Alan Mulally as his successor. Bill Ford continues as Executive Chairman and the executive committee of the operating account Mulally, Mark Schulz, Lewis Booth, Don Leclair, and Mark Fields.

20.08.2009. u 08:11 • 0 Komentara • Print • #

<< Arhiva >>

Ovaj blog je ustupljen pod Creative Commons licencom Imenovanje-Dijeli pod istim uvjetima.

	kolovoz, 2009
P	U	S	Č	P	S	N
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30
31

About Ford Motor Company

četvrtak, 20.08.2009.

The Way Forward

Opis bloga

Linkovi