Re: And NOW, the Big 3 are doing what Packard couldn't do...

Posted by portlandon On 2009/4/2 13:05:31

What about Ford Motor Company? How can they compete against the Government backed GM? The US Government has announced they will back GM's warranty on every car they sell. Isn't this unfair business practices? How can Ford compete against this?

Ford is in a much better position, as they had hired their CEO a few years ago who is a former Boeing executive. He restructured Ford 3 or 4 years ago because as a Boeing executive he knows the up and downs of manufacturing slowdowns.

It seems Ford is punished for being prudent, while GM & Chrysler are rewarded for failure. But I guess this is for Par, as Packard had cash when they merged with Studebaker, and they were the ones who ended up with their car line dropped.