Tuesday, January 24, 2006

Ford's "Way Forward" (Did Ford spend its $250 million Jobs Creation dollars on that new tagline?)


30,000 jobs today
+ 10,000 jobs last year
= Ford Motor Co. sheds 40,000 workers but keeps Bush's $250 million "Jobs Creation" dollars
+ Ford keeps $850 million in overseas (US tax free) profits from last year

From Allan Sloan, the WaPo biz columnist...

It's almost enough to make you laugh -- bitterly, of course. Here was Ford Motor Co. announcing yesterday that it had cut 10,000 jobs last year and that it will cut up to 30,000 more. But shedding jobs at muscle-car acceleration rates didn't stop Ford from pocketing hundreds of millions of dollars courtesy of the American Jobs Creation Act.

Think Ford execs will blame the unions for the job losses?

Of course, they will.

By the way, Ford's new tagline: "The Way Forward"

Not exactly original.

I wonder how much Ford paid for their new product branding POS.


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