A Penny Saved

Bill Ford stepped down as the CEO of Ford Motor company.  His replacement, Alan Mulally, has been credited with a turnaround in the Boing aerospace division.

I think it’s fairly obvious that Bill Ford was not doing a very good job as CEO of the family company.  Ford has tanked and the auto’s that they are selling, well, frankly, they aren’t.  The stock is at near all-time lows and bankruptcy has been mentioned by analysts on several occasions.

Did Bill leave in time?  Perhaps.  Ford has seen moderate success with the mustang and the focus, but the one time headliner pickup line’s sales have gone the opposite way of the gas prices.  Hopefully, Mulally can see the future for Ford and make some moves that will get the company’s model’s moving in the right direction.  A touch of innovation and outsider, “non-gearhead” blood might be just what the doctor ordered.  Ford might be a stock to watch as well.  It certainly isn’t a good buy right now with the current state of things, but in 6-12 months it might just start looking a little better.

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