Who Is Ford Kidding

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The head of Ford (F) says that a tough economic environment will not undermine that company’s turnaround. According to an interview with Bloomberg. “We put together a pretty robust transformation plan," said Alan Mulally.

But, it is hard to believe that the company’s management thinks that the housing crisis and gas prices will not hurt sales more than planned. Current negotiations with the UAW, key to cost cutting, are not close to being finished.

The Automotive Consulting Group looks at the world a little a little more realistically: “Given their precarious financial situation” Ford faces more risk from an economic downturn than GM (GM) and Chrysler LLC."

Douglas A. McIntyre