Ford CEO on Bailout

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Analysis:

Ford CEO Alan Mullaly tries his hardest to convince consumers that Ford is on a ... (read more)

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Submitted By:

Realscoop5

Date and Time:

Friday December 05th 2008 04:06 PM

Tags:

Bailout Big Ford Three

Categories:

Finance: Wall Street



Analysis

Ford CEO Alan Mullaly tries his hardest to convince consumers that Ford is on a path to success, but the Believability Meter isn't buying it. And neither are the consumers, apparently. Mullaly specifically mentions the future of Ford's product line safety and desirability in this interview video, but all the while the Believability Meter stays red. This may be due to the fact that union contracts have crippled Ford's ability to make quality vehicles at a price consumers are willing to pay. It seems that all three of the top domestic automobile manufacturers, GM, Ford and Chrysler are caught in the same trap. What will happen to your union pension if the car makers go broke?

 

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