3 ms·
Not sure if you intentionally mentioned both, but it's worth noting that G.E. is General Electric, not General Motors.
by Maakuth 7y ago
Not sure if you intentionally mentioned both, but it's worth noting that G.E. is General Electric, not General Motors.
- lawrenceyan 7y agoYes, that was intentional. General Motors, the counter part to Ford as a car company, declared bankruptcy in the wake of the 2008 financial crisis. The financial practices that led to General Motors having to declare bankruptcy were largely the same at Ford. Ford didn’t go bankrupt then, but they basically had to figuratively sell their soul in order to avoid doing so.
- AmVess 7y agoFord got rid of Volvo, Aston Martin, Jaguar, and Land Rover. All of these brands have been doing poorly since Ford sold them. Ford's relentless pursuit of cost cutting led them to keep many vehicles for far too long. Their former bread-and-butter model, the Ford Explorer, went 9 years in between platform changes. The ford Flex has been on the same platform for 11 years. The Ford Focus went 8 years without a change of platform. Further, their cost-cutting initiatives have earned many of their vehicles poor reliability marks to such an extent that Ford Focus sales are less than half of what they were in just 4 short years. I might add that Ford went upscale in price on a lot of its vehicles without an attendant increase in upscale features. The Ford Explorer sells about half of what it used to during its peak. Selling off car companies was a good idea. However, poor products, poor product planning, poor reliability, and a spineless vision of the future has put them into a bad spot with no real light on the very distant horizon.
- randomcarbloke 7y agoThose three companies did better every year post-Ford, with the exception of AML's latest year.