Mullaly puts savings where they're needed: Product!
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Mullaly puts savings where they're needed: Product!
Originally Posted by Automotive News
Mulally earmarks billions more for product
Richard Truett
Automotive News
November 19, 2007 - 12:01 am ET
DETROIT — It didn't take long for CEO Alan Mulally to earmark the estimated $2.4 billion in annual savings that Ford Motor Co.'s new labor contract will eventually generate.
He's pumping that cash straight into product development, and that's exactly where Ford needs it — maybe desperately.
Between now and the 2010 model year, Ford's major North American launches will include a new version of the Ford F-150 pickup and Flex sport wagon and Lincoln's new flagship sedan, the MKS. But there's not much else in the pipeline.
In a conference call last week after the union had approved the pact, Mulally said Ford wants to put the pedal to the metal to bring out more new products.
"We are now in a position to really accelerate our new product development with great new products," he said.
But when asked what new products he wants to build and when they might arrive, Mulally would say only that Ford will likely update its plans around the time of the Detroit auto show in January.
Richard Truett
Automotive News
November 19, 2007 - 12:01 am ET
DETROIT — It didn't take long for CEO Alan Mulally to earmark the estimated $2.4 billion in annual savings that Ford Motor Co.'s new labor contract will eventually generate.
He's pumping that cash straight into product development, and that's exactly where Ford needs it — maybe desperately.
Between now and the 2010 model year, Ford's major North American launches will include a new version of the Ford F-150 pickup and Flex sport wagon and Lincoln's new flagship sedan, the MKS. But there's not much else in the pipeline.
In a conference call last week after the union had approved the pact, Mulally said Ford wants to put the pedal to the metal to bring out more new products.
"We are now in a position to really accelerate our new product development with great new products," he said.
But when asked what new products he wants to build and when they might arrive, Mulally would say only that Ford will likely update its plans around the time of the Detroit auto show in January.
Good to see the talk of using the money to build another new plant died. Money's alot better spent on new product than trying to build a new uber-plant that will most likely not give you any postivie returns this century. WTG Mullaly
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Closet American
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A scenario like that could very easily happen.
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Bottom line is that there is more vehicle manufacturing capacity than custoemers, so there is going to be more fallout of manufacturers.
Closet American
Joined: July 17, 2005
Posts: 5,851
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From: Vancouver, BC (Hollywood North)
The reason why Nissan is looking for a partner is that Nissan isn't in all that great shape. It wasn't that many years ago that Nissan was on the brink of disaster when Renault bailed them out.
Bottom line is that there is more vehicle manufacturing capacity than custoemers, so there is going to be more fallout of manufacturers.
Bottom line is that there is more vehicle manufacturing capacity than custoemers, so there is going to be more fallout of manufacturers.
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