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| Topic: |
Technology
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| Number of pages / Number of words: |
3 / 712 |
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They don't have to provide as much information, and there certainly have been a lot of management shuffles within the ranks. They've recruited a couple of people from Toyota, and there was a lot of publicity around that. It's a little early to tell, but certainly this has to be bad news for the new owners that they hit this economic slowdown right when they took over...
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You already hear noises of having to make bigger cutbacks than they said needed to be made at the time of assuming ownership -- and that has to have a chilling effect on the morale of the employees. Ford is probably still in financially the weakest shape of the three. GM seems to be rebuilding; Chrysler is trying to adjust to this new change in ownership structure; and Ford is still really very much on the brink of real financial crisis...
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