Ford Benefits from GM/Chrysler Bankruptcies


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The Detroit Big Three soon will consist of the New General Motors, New Chrysler and Old Ford, or better… the New Old Ford. Ford has benefited from a major restructuring begun with the arrival of Alan Mulally in 2006. Like most other automakers today, their sales are way down and they are hemorrhaging cash at an alarming rate. But they seem to have a plan. They have a viable short term product plan, have aggressively rightsized their organization and have not taken federal bailout money and have not undergone bankruptcy, It’s a wonder that all sounds like good news.
A VehicleVoice Internet survey of over 900 respondents in the field from June 3 through June 8 asked several questions concerning Ford’s position in the market while General Motors and Chrysler are in bankruptcy…

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Bankruptcy Makes Americans Skeptical of GM and Chrysler

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A just-completed national survey shows American consumers are skeptical of the U.S. government’s involvement in the auto industry, with 81 percent of respondents agreeing that the faster the government gets out of the auto business, the better.
Following General Motors’ Chapter 11 bankruptcy announcement last week, automotive research and analysis firm AutoPacific conducted an online survey regarding government involvement in the auto industry. Highlights from this survey of more than 900 U.S. consumers include:
• Eighty-one percent of the respondents AGREE that the faster the government gets out of the auto business, the better.

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