Ford CEO Mark Fields Fired! - RX8Club.com



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Old 05-22-2017, 04:50 AM   #1
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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
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Old 05-22-2017, 08:40 AM   #2
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If you can't manage your team, and more importantly you lose 40% of your stock value, your gone.
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Old 05-22-2017, 12:32 PM   #3
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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
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Old 05-22-2017, 01:36 PM   #4
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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.
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Old 05-22-2017, 02:08 PM   #5
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^^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 02:39 PM.
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Old 05-22-2017, 04:26 PM   #6
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Quote:
Originally Posted by Jedi54 View Post
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
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 04:29 PM.
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Old 05-22-2017, 07:46 PM   #7
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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.
Ford US is profitable, it's the rest of the Ford world (you know the one not in America) which has a lot of problems (product mix) and warranty (like Transmission that last only 12,000 miles (20k Km) or less to name one in Fiesta, Focus).

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.
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