Monday, January 23, 2006

Ford Falters

I usually enjoy saying I told you so. But today it's a bittersweet moment.

In my third post ever to this blog, I predicted. the Ford 500 and Mercury Montego were not good enough to compete and would not save the company as Ford hoped.

Today, Ford announced it is cutting 30,000 jobs and closing 14 plants. It's good to be right, but not at the cost of people's incomes. I truly hope Ford rights itself and comes back from this amputation stronger than ever.

But I stand by my belief that for Ford (or any other carmaker) to succeed, it must have product the buyers want. And besides the Mustang, Ford ain't got it.

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