Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Akron Law Café:
The 160th Anniversary of the Women's Rights Movement

The Heldenfiles:
Friday Morning Notebook

Balanced Ledger:
… more baseball

Patrick McManamon:
An online conversation …

Browns Bulletin:
Not that there is anything wrong with that…

Cleveland Browns:
Browns training camp schedule

Cleveland Indians:
Cliff Lee overcomes his own demons this All Star start.

Akron Aeros:
LaPorta’s true character revealed in collision at plate

Akron Zips:
Northwest’s Klatt commits to Michigan State

Varsity Letters:
Wadsworth’s Cline signs at Mount Union

Kent State Sports:
Jarvis on Maxwell watch list

Ohio Politics:
Obama Focused On Women In Ohio

All Da King's Men:
Wanted: One President, No Experience Required

Blog of Mass Destruction:
6 Degrees of Executive Privilege Separation

Akrocentric:
Charles Taormina discusses "Acceptance of Individual Authors," self-publishing resources

Akron Gamer:
Midnight Madness

BokBluster:
Go With the Flow

Ohio Travels with Betty:
Are there caves to explore on Lake Erie's islands?

Olympic Dreams - Running:
Back to Phase One

Sound Check:
John Mayer at Blossom

Tia's Trends:
The Montague's and Their Chocolate Factory!

GM, Ford work to bring themselves up to speed

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.


Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button