Quote:
Originally Posted by Lemers
Ford got lucky with the down turn in the economy. They had just sold off brands for a lot of money that they wouldn't had been able too just a few months later. They took advantage and bought parts for less and were already deloping new engines with better MPG. If they didn't have to worry about the union I bet they would have cut pay and made massive lay offs too.
When GM and Crysler are trying to get back into the game ford took their advantage and kick the others while they were down.
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They didn't get lucky at all with the downturn. They just refinanced all their debt in 2006
before the market turned south. That's what saved them. If they had waited any longer they would have been in the same boat as GM and Chrysler, requiring a bailout. Their restructuring started well before the economic downturn.
IMO, it all really started with the Fusion. When that car started winning quality and reliability awards the market started to take notice... Ford was up to something unusual.