Word: gm
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Dates: during 2000-2009
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...Companywide, Ford lost $254 million in the second quarter. Ford's market share in August, 16.8%, was the second lowest on record. Sales of pickup trucks and SUVs, Ford's only major profitable segments, have plummeted in the last year, hit by high gas prices and stiff competition from GM and Toyota. A 21% production cut is in store for the rest of the year. Any way you slice it, Ford is shrinking fast. And it may be years before the company consistently posts profits again...
...chief executive officer, also notes that 40% of pickup trucks are sold via big discounts."You can still move the market with incentives. We've protected our share but its become more expensive,"LaSorda says. In addition, the competition in the segment is also about to get tougher as GM launches a new truck this fall and Toyota puts its new truck in showroom floors in January, LaSorda says...
...sweeping cuts in production also have sparked speculation that Ford, like GM, will offer buyouts and or early retirements to virtually all of its blue-collar workers, providing the United Auto Workers agrees, in a bid to dramatically reduce costs. Paul Krell, a spokesman for the UAW, declined to comment but privately a number of union officials acknowledge that a GM-style deal is in the works...
...below the earth's surface. It took a lot of shuffling to turn a radiology waiting room into a maternity ward, an MRI scanner space into a recovery room and a heart catheterization laboratory into a neonatal intensive care unit. Nurses there are working furiously to keep a 600 gm. baby girl alive, along with 1.2 kg. twin boys...
...segments of the market, good knowledge globally, we had all the experiences of turnaround. We have been, from both sides, in tough positions and we know how to handle it. We have talents all over the globe. I think the most important thing is sit down together with GM and with our own experts trying to see what's at stake, how much can we do together that we could never do alone. And how much this has a potential benefit for each other...