Events Calendar
In This Section
Day with Warren Buffett enriching to UA students
WISDOM FROM BILLIONAIRE WARREN BUFFETT
FedEx says IRS won't be imposing penalties
U.S. Walmarts to stay open Thanksgiving
WOMEN'S LEADERSHIP PROGRAM MAKES DEBUT
Regulators eyeing Ally Bank tactics
Number of females in unions increasing
Most Read Stories
Suitcase causes bomb scare at Akron bus terminal
Akron City Council OKs higher speed on I-77
Chapel Hill isn't rolling right along
New eateries expand menu of options
Motorcyclist killed, wife injured in Stark County crash
Man says he was punched, robbed by 3 people in parking lot
Patrick McManamon: Here's what the Browns should try the rest of the season
Family found dead in Ohio home
Louisville athlete commits to play for Boston College
Blogs:
Pets:
It Takes All Kinds
The Heldenfiles:
Tuesday Notebook
Patrick McManamon:
An interesting thought from a reader
Akron Zips:
Akron vs. Mount Union — Liveblog
Tribe Matters:
Indians announce spring dates
Cleveland Browns:
Mangini doesn't name a quarterback
Kent State Sports:
Flashes interested in another Cincinnati player
Cleveland Cavaliers:
Shaq: It’s All About Winning Championships
Buckeye Blogging:
Buckeyes Roll 100-60 / Season Outlook
Varsity Letters:
Report: Walsh baseball player commits
All Da King's Men:
More On The Fort Hood Jihadist
Blog of Mass Destruction:
Simply Incapable of Telling The Truth
Akron Law Café:
Health Care Financing Reform: (63) Commonwealth Fund Report on Primary Care
See Jane Style:
Muffle Your Muffler
Car Chase:
Clock Tender- Extending the Life of Collector Car Clocks
Let's Talk Real Estate:
Rumors: Akron Starbucks Closing
Ohio Travels with Betty:
Jack is looking for a trip to Southern Ohio the week of November 16.
Sound Check:
Aeromsith looking for new singer as Steven Tyler contemplates solo career
HRLite House:
Personal Rant – Why People Do Not Live in Northeast Ohio
Akron Gamer:
Video: 'Modern Warfare 2' hits the streets
Published on Sunday, May 11, 2008
Detroit Free Press
DETROIT: Even as General Motors lost more than $50 billion over the last three years, it staved off Toyota as the world's largest automaker and showed signs of a global resurgence.
Meantime, Ford brought in a new CEO with a deceptively simple four-point plan. Now he's assembled his team, they've cut costs tremendously and sparked investor confidence that has boosted Ford shares by more than 60 percent in 61/2 weeks.
The rivals bring different strengths and weaknesses to the table, but both have made profound structural changes to their businesses to cope with the stagnant economy, global competition and changes in consumer tastes.
At Ford, CEO Alan Mulally has resurrected confidence in the company's plan and the management team that must carry it out. The company has been celebrating quality gains with a new ''Drive One'' campaign.
But it still faces challenges. Cutting costs is not the way to a profitable future. Ford needs to stabilize market share in the United States and get a bigger slice of the growth overseas.
At GM, there's an established and growing presence outside of the United States generating strong profits and growth.
Leaner North American operations have helped cut$9 billion annually in fixed costs, and the new UAW contract promises to save an additional$5 billion annually by 2011.
Detroit Free Press
DETROIT: Even as General Motors lost more than $50 billion over the last three years, it staved off Toyota as the world's largest automaker and showed signs of a global resurgence.
Get the full article here.
Comments
Click here to post your comments
