Monday, January 23, 2006

Ford's Latest Restructuring

Another significant sign of the decline of the modern industrial welfare state.

This also struck me as interesting:

Ford said Monday it would no longer provide earnings guidance beginning in
2006. "We must be guided by our long-term goals of building our brands,
satisfying customers, developing strong products, accelerating innovation, and,
most importantly, producing a sustainable profit from our automotive business,"
the CEO said.

Allow me to translate the corporatese into plain English:

"Long term goals of building our brands" = Don't expect us to make any money for the foreseeable future.


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