https://247wallst.com/investing/2024/10/29/ford-is-americas-worst-run-company/?fbclid=IwY2xjawGSAu5leHRuA2FlbQIxMQABHU40T9Sqm7HZspATtYAMC-1WNv0v8IvdKTf-8EXAArKQNTA1wr4ANleVJw_aem_oUwXLOy0Q-zgYv15LoSv8g
'Management has nothing new to say about EV losses, warranty costs, and more.'
There's a reason that management can't fix the problems: they are the problems.
Ford is still promoting lazy self serving id--ts to supervision, LL6, LL5+++ positions.
The old useless managers are promoting their useless buddies into their position as they retire. The stupidity continues!!!
Not afraid to say it but the family is part of this problem. as most of you already know BF was the CEO between 01-06. Fired in the spring by his own family. Volumes are market share continue to drop under JF &DF. Why is everyone (media & banks) afraid to ask questions on the management team? Does anybody really think the current team will turn it around? If you thought the 2000s were bad look at today. The volumes are not there. And JF boast about some low cost vehicle coming from out west.. wow only every other company is working on the same thing... so what else is new. unlike the the previous time ford was in a jam you now have even more players in town..So in the next 5-10 years unless there are some real changes this company will go under. It sure is not a growing company or stock for that matter...
@2xld+1vhvjqMA at least simeone on here can speak facts without de-humanizing others. Alot of problems stem from the hideous bitter employees who blame "the others". Ford needs a total overhaul in everything, including culture.
The problem was that they were selling. And were being brought back to the dealerships within days to have a myriad of warranty problems.
Also I had a management lease. Getting in to get your oil changed became a hassle because the garage was filled with Explorer (and whatever the Lincoln version is!) trying to be fixed.
It was a mess and our bonuses for 2019 were half of what they should have been thanks to that launch.
Yes, all the stuff fellow posters are saying about the 2020 U625/U611 launch is true. But really this started way before the tools were even bought. U502 which was replaced by U625/U611 was a money printing machine. Sold every one of them, healthy contribution margin. It was so good GM, Hyundai/Kia, and even Toyota copied it.
The reason why the “non standard” launch was done is because senior leadership wanted to keep cranking out U502s for as long as they could. The U625/U611 cost more to produce, more complexity, etc. than what U502 was.
Why did U625/U611 become such a failure? It was tied to the whole CD6R debacle. You had mo--ns like Raj “the intern enjoyer” Nair who wanted everything to be a race car. You had Herman the German who wanted CD6R to compete against the likes of BMW. This all costs money, and our customers were not interested to pay for it. CD6R was also suppose to underpin sedans and Mustang, all of which failed to TARR out, but yet the brain trust pushed forward with U625/U611. So we ended up with a new platform that was less cost efficient than outgoing with more complexity. At least Raj was a mo--n in other ways, and that pompous a-s clown Herman retired. Ford however is stuck with the legacy of their poor leadership.
FTR, i got my information on the 2019 Explorer launch from UAW members themselves. Including some the were tasked with fixing them in Flatrock.
I'm not saying other mistakes weren't made. An epic failure like that launch is usually a confluence of bad decisions and circumstances. But the less desirables in Chicago that couldn't be fired was a big one.
I am a laid off Ford employee who is not an engineer.
I remember hearing about this decision from upper management to "building proto-types off line" for the launch.
From what I understand, the current year mass production is paused while the prototype vehicles are assembled for the various builds.
Where were the 2019 prototype Explorers assembled? Was it at a Rousch type facility? What would cause the vehicle not to assemble properly on the actual plant in mass produuction?
The debacle with the explorer was not rookie UAW labor. I am a retired salary worker and Yes I have had my beefs with the UAW. But I also worked with some really good ones too. People you can hang out with after work during a launch. Getting back to the explorer. Senior management signed off with building proto-types off line. That went all the way up to the top.. Yes there was some new hires,, but that was not 100% of that launch program. those chiefs, directors and vps should all have been held accountable for their actions. I know numerous engineering teams warned about items that would not fit but were over ruled. so you reap what you sow.
As for bad management that has been going down hill since ford 2000. Our NA volumes continue to drop while total vehicle sales went up. even if we go back to 100% ice vehicles the company needs an overhaul. we are not a company of 4-5mn units in NA anymore. lucky if we get 2mn this year. look at mustang total 24 my sales of 38k.. wow how do you get your roi on that one?
Thank you for the insight. FFS I cant believe Bill F agreed to this.
2019 Explorer launch was a disaster. Chicago Assembly had a bunch of gang members employed on the line. The builds coming out of that plant were awful. All kinds of quality issues. Ford ended up shipping "finished" vehicles to the parking lot at the Flatrock plant to have real employees correct all of the issues. We essentially rebuilt every Explorer rolling off the line at double to triple the cost.
All because Bill agreed to some agreement with Chicago to hire less desirables.
What happened with the 2019 Explorer launch?
lol stern just departed ford for peloton
Bfs record of horrible hires continues, remember Hackett
From the article: "It has been proven based on its terrible strategic decisions and because it builds low-quality vehicles."
This is on you Billy. Liberal politics have no place in a domestic auto manufacturer. It all started with the Chicago plant disaster with the launch of the Explorer in 2019. Because Bill agreed to hire undesirables for tax credits.
The result? $6 billion wasted on a botched launch. The decisions get worse from there.
And moving manufacturing to Mexico isn't the answer.
Mulally was a decent leader who also had a good backhand.
https://www.youtube.com/watch?v=ZIwz1KlKXP4
This is true because we have imbeciles in our Sr leadership and those same ones are bringing in more from the outside. All these know nothings are the ones making id--tic decisions that the LL6 and below are forced to follow. And when their stupid ideas don't work, they blame the lower level employees and punish them with threats to lose their jobs. Ford needs to just fire all these 'must retains' if they are ever going to dig themselves out of this mess.
Ford Is America's Worst-Run Company and yet surviving. But for how long...
While it's not exactly a mainstream story, it is none-the-less true. I've pretty much stopped watching most various all hands and townhall's because they're either the same old song dance from management, or they're a show and tell from various regional teams outside of the US.
I work there.
Can confirm.
It’s been the same message for years: “cost and quality are holding us back”. I think investors just don’t believe the leadership team after saying it for the 100th time.
Farley must have an iron clad contract or comprising photos of Ford family members.
No other reasons he’s still here. Except the inept BOD.