Ford Could Speed Cost Cuts Amid Slow Economy: Report

Ford is thinking about speeding up cost cuts? Does this mean that they see ways to do it but are just thinking about it?

After so many billions in losses in a more and more competitive market, they are still contemplating their navels.

It looks like Ford´s new management is taking their lead from the old, Mr. Bill Ford himself, who has never seen a delay in decision making he didn't like.

Always too little too late from Ford.

Onésimo Alvarez-Moro

See article:
Ford Motor Co may accelerate cost cutting if a slowing U.S. economy puts the auto maker at risk of missing key financial goals in 2008 and 2009, the Wall Street Journal reported in its online edition on Tuesday, citing an interview with an executive.

"There's more risk than there is opportunity going forward" for the U.S. auto market amid uncertainty about the housing market and job growth, the Journal quoted Ford Executive Vice President Mark Fields as saying.

Fields, who heads Ford's North and South American operations, said the company's North American turnaround is on track to meet the 2008 cost-cutting target and 2009 profitability goal, according to the Journal.

See full Article.