Word: chryslers
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With its auto sales down 12% in 2007, Ford Motor Co. is looking to cut 8,000 workers from its factory force by offering big buyouts. Chrysler and GM have announced similar moves, but Ford's options are the best of the bunch. Here are three of the 10 available proposals...
...Scottish-born labor leader, who got his start as a local leader in the '40s, won more than he lost, including landmark comprehensive health care and uncapped cost-of-living allowances. In 1979 his impassioned lobbying was credited with securing the $1.5 billion in federal loan guarantees that rescued Chrysler from bankruptcy. Fraser...
...building's cavernous ground-floor retail space is almost empty. As the rising dollar made Canadian products more expensive around the world, Canada shed nearly 100,000 manufacturing jobs in 12 months. "We went from [being] the lowest-cost producer of vehicles around the world for GM, Ford and Chrysler to probably one of the highest," says Buzz Hargrove, president of the Canadian Auto Workers Union...
...October, a few days before he will drop out of the race, Republican Senator Sam Brownback is lost and late, being driven around Iowa by a college intern in the Brownback family's Chrysler minivan. He is looking at a map, pumping his own gas, paying with his own credit card and then running into McDonald's. "$7.15? For a yogurt parfait and a small cheeseburger?" Brownback asks the cashier, who explains that the college kid got a Big Mac. "Oh," he says, and drags a $20 bill and a quarter from his pocket...
More to the point, outgoing executives have characterized Wal-Mart as hopelessly inflexible, clinging to its old culture. Even if the company wants to change its image, argues Roehm, who helped reposition Chrysler and Ford, it can't help itself...