Word: forde
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...everyone is enthusiastic, and doubts about Chrysler's future were reinforced Tuesday when the company reported a stunning 30% drop in sales for October. By contrast, both the newly profitable Ford Motor Co., and General Motors Corp., which had followed Chrysler into bankruptcy, reported modest sales increases during what was the best month for new cars sales in more than year. "The industry showed signs of improvement this month, which is a trend we expect to continue for the remainder of the year," said Fred Diaz, the top executive in Chrysler Sales Organization, as he scrambled to put a good...
...knocked out that year short of winning money. "But I got hooked," he says. "There was no way I wasn't playing in '09, and that earlier experience really helped me this year." He has since joined the private-equity firm Flexpoint Ford as a partner, and has no plans to turn poker pro - for many reasons, but not least because he feels it would take him away from his family (he has three children at home) and, he says, because he loves his job. But he does hope to play the main event every year, especially...
...General Motors and Chrysler, which were recently bailed out by the Federal Government, didn't do nearly as well as Ford in the survey. Consumer Reports says Chrysler is "continuing to struggle," as none of its models made to the most reliable list. In addition, more than a third of Chrysler models were deemed "much worse than average," in reliability. Only the Dodge Ram 1500 pickup truck scored 'average' in reliability. Chrysler's three brands - Jeep, Chrysler and Dodge - also were among the four "worst' in terms of reliability...
...Ninety percent of Ford, Mercury, and Lincoln products were found to have average or better expected reliability, matching and even surpassing the scores posted by Honda and Toyota and their associated brands, such as Acura and Lexus, the magazine said...
...Ford officials, of course, are ecstatic. "These results from such a highly respected and credible source of information for consumers confirms that Ford not only has raised initial quality to industry-leading levels, but also is delivering the excellent long-term reliability that is critical to winning new customers and retaining existing ones," said Bennie Fowler, Ford group vice president of global quality...