CREDIT WHERE IT'S DUE – AT 6:39 P.M. ET: This got lost in the shuffle of the week's news, but I think it's important. American companies can do things right, and often do:
FORTUNE -- General Motors and Chrysler are beginning to make some headway after getting a financial and operational overhaul compliments of the U.S. bankruptcy court. But Ford, operating free of interference by the court or the federal government is moving even faster and is beginning to put real distance between itself and its two domestic rivals.
Ford's U.S. sales in September rose 40% over a year ago, and it has gained retail market share in 23 of the last 24 months. By comparison, GM's sales rose 11% last month.
COMMENT: This is a function of management. Good management should be rewarded, bad management expelled. We should be reading more about Ford. If the guys are doing the job, give them the glory.
October 10, 2010 |