Given everything that has been going on, recent news that Ford turned the corner on North American market was quite remarkable.
Ford, as American as Coca Cola and apple pie, has done a number of things right:
– it cross-pollinated ideas and markets (Smart in US vs Fiesta in Europe)
– it stuck out while competitors rightfully took the easy way out of bankruptcy (early on, it was the first auto manufacturer to pay high wages for its assembly workers)
– it believed in the intrinsic value of its brand and the resilient consumer market (not without government incentives).
That’s said. Three cheers for Ford, because it’s been a tough fight (Michigan unemployment is at 15%).
The tougher it built its F-series trucks, the longer it takes for people to return to the showroom.
Inadvertently, it creates its own self-victimizing cycle (especially if its customers are not…
View original post 294 more words