Ford had a stroke of genius when they declined federal money. They will not only survive but end up top dog among the big three. How much of that decision was Mulally's I don't know, but he sure was given good advice.
Ford had a stroke of genius when they declined federal money. They will not only survive but end up top dog among the big three. How much of that decision was Mulally's I don't know, but he sure was given good advice.
the flip side of that though is that GM and Chrysler had a substantial amount of debt wiped off their balance sheets while Ford did not. It's logical to expect this to catch up with Ford eventually. They'll either have to price their products higher than their domestic competitors or their profit margins will have to suffer.
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