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Friday, November 09, 2007

the Auto Retail Informer November 9, 2007

Auto Retail Informer Intro November 9, 2007

"We continue to focus on the 4 priorities of our plan: 1) restructuring the company, 2) accelerating product development, 3) funding our plan and strengthening our balance sheet, and 4) working effectively as one team globally. 

 We are taking the necessary steps to implement our turnaround plan.  And we are on track to achieve our goal of profitability in 2009."

 Source: Alan Mulally, CEO, Ford Motor Company.  November 8, 2007 (3Q07 earnings call)

Highlights:

• Thoughts from Ford call. I think Volvo is gone. I am encouraged with results. But I am concerned about manned capacity increasing next year.
• Quick thoughts from JD Byrider National Convention. 1.) Franc ...

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  Thoughts on Ford, Byrider Convention and CSK (11/09/07)

  Thoughts from Ford 3Q07 earnings call

  Management said they are awaiting the union to ratify the new contract and then they will host a conference call to discuss how the new labor contract significantly improves the company's cost competitiveness. 

  Management said the call (post ratification) could be as soon as next week.  CEO Alan Mulally is delivering a keynote at the LA auto show next week as well.  So you are probably going to be hearing a lot of "buzz" about Ford next week.    

  In addition, while the headlines all talk about Ford keeping Volvo, I think they are clearly positioning it for a sale.  Sure, CEO Alan Mulally said the plan was to fix it, not sell it.  But when you start breaking out the financials (as ...

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