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Monday, January 23, 2006

Ford to Announce Restructuring, Secret Project & 2005 Profit Revealed

The Detroit News has a report on the Piquette Project, a secret research project begun by Ford that aims to develop renewable, clean and safe vehicles that are both socially conscious and provide a competitive advantage in the marketplace. This morning the automaker will unveil its "Way Forward" restructuring plan today, which is expected to call for at least 25,000 job cuts. The Freep reports that Ford announced this morning it made $124 million in the fourth quarter of 2005 to finish the year with a $2 billion, or $1.04 per share, profit.

Also see With cuts looming, Ford announces $2 billion profit in 2005 in the Detroit Free Press
And read the Cover story My Goal Is To Fight Toyota... from Time Magazine

Read More (external link) »

# posted by farlane @ 9:46 AM
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