Ford CEO Mark Fields Fired!
#1
Super Moderator
Thread Starter
Ford CEO Mark Fields Fired!
Wow, this is big news, the groomed golden haired boy from Mazda Japan (when Ford owned majority) and the guy who took over Ford from Mulally,
Mark Fields has been fired according to Auto News..
He was not long in the job, it is a very (dirty) hard game at the top.
http://europe.autonews.com/article/2...autonews-blast
Mark Fields has been fired according to Auto News..
He was not long in the job, it is a very (dirty) hard game at the top.
http://europe.autonews.com/article/2...autonews-blast
#3
Administrator
iTrader: (7)
with Ford's stock value getting hammered, it was only a matter of time before they made changes.
Let's hope the new guy can get them back on track
Let's hope the new guy can get them back on track
#4
Super Moderator
Thread Starter
Abandoning the new Ford plant in Mexico (because of your new Pres) said to lose Ford $500+ mil does not help either, hardly Fields fault when every other US car maker (almost) have moved some car making there and for obvious reasons, cars are too expensive to make in/for US alone (say the labor cost is).
Trying to compete with Asia (China/SK) is very difficult.
If your new leader whacks a Tariff on Mexican made cars and I believe he will as NAFTA is still being 're-negotiated' will send massive shock-waves through the auto world and in some cases set it back 20 years. Protectionism breeds inefficiencies, for those who remember the 70's and 80's.
Mazda is exposed in Mexico also.
The driver-less cars BS is a folly.
No car brand is making much cash right now, interesting times ahead.
Trying to compete with Asia (China/SK) is very difficult.
If your new leader whacks a Tariff on Mexican made cars and I believe he will as NAFTA is still being 're-negotiated' will send massive shock-waves through the auto world and in some cases set it back 20 years. Protectionism breeds inefficiencies, for those who remember the 70's and 80's.
Mazda is exposed in Mexico also.
The driver-less cars BS is a folly.
No car brand is making much cash right now, interesting times ahead.
#5
No respecter of malarkey
iTrader: (25)
^^that sounds like a bunch of NWO (edit: baloney) to me, it probably has more to do with a pickup truck costing $60k USD, which that price didn't just suddenly appear out of nowhere as those excuses would suggest.
Last edited by TeamRX8; 05-22-2017 at 01:39 PM.
#6
Registered
Join Date: Jun 2007
Location: Sheboygan Falls, Wisconsin
Posts: 1,134
Likes: 0
Received 1 Like
on
1 Post
And I guarantee you his first move to try to get the stock price back up will be cutting payroll. It's the typical short term fix for these short sighted executives.
Last edited by 77mjd; 05-22-2017 at 03:29 PM.
#7
Super Moderator
Thread Starter
US pickup is still USA #1 Seller, body made from aluminium and sales overall are OK.
IMO investment in the self drive is a race to nowhere.
Teslar stock is worth about 50% more than Ford but has yet to make any real money. Here Mitsubishi and Nissan have pulled their two electric cars, don't sell, no resale.