Ford CEO Farley Warns Employees

[Fordup]

Remember much of the chip manufacturing capacity has been diverted to EVs leaving ICE vehicles with constant deletes and manufacturing changes that can also interfere with quality. I had to delete my last sentence so I wouldn't wind up like the banana.

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[P. A. Schilke]

CEO Jim Farley had a town hall meeting. According to The Wall Street Journal, he is reworking performance metrics. As Ford has increasing financial troubles, it should be considered a warning: Our reputation for quality is under siege. Get better at what you do, or these new metrics may cost you your job.
Ford finds itself in a terrible position. Farley said it had “left $2 billion on the table” as the company announced earnings. Earlier in the year, Ford missed expense estimates by $1 billion. Farley also said Ford needed 25% more engineers to do the work competitors do. If that is not a warning about layoffs, what is?

Ford CEO Warns Employees

Jaques Nasser reborn....Same threat crap...different CEO... Sad.... And we are going to develop a Formula 1 motor which will take tons of money to gain competitive performance. What a crock of $hit!

Best,
Phil

 

[9zero1790]

IIRC most of these issues started back in 2020. Coincidently the same year that Ford hired Farley? ? Besides he's been blowing hot air about cracking down on dealers overcharging/marking up vehicles now for over a year and still....Bupkis!

amen. this farley guy seems like a clown shoe. im surprised he is not an elected politician yet.

 

[9zero1790]

Not just the new buyers but a lot of long time Ford dedicated buyers too. I've seen many angry upset long time Ford buyers (myself included) over on the B6G forum cancel their orders and buy from another manufacturer because of this mess. We all understand there were constraints and were willing to wait for our Broncos. Then they changed the rules that favored the larger dealers and we, the dedicated long time customer got stuck waiting 3+ years for ours.

Now they tell us to change our order to something we don't want and you "might" have a chance to finally receive it in 2023. Oh, if you don't, then to bad because we're cancelling all past orders and the price protection and you'll have to start the process all over again. ?‍

not to side track the thread or fuel fires but i recently saw this first hand, dave. with my transmission acting damaged i started thinking on what i would want to trade in for in the event the dealers gave me too much hassle to fix it under warranty. I like the 2 door bronco (even though i make fun of all the 4 doors i see around). talked with 4 dealers. one is member here, two other small town dealers in texas and then the huge triple crown six location dealer. the three smaller dealers said they could not even order one as the "allocation from ford" had run out for them. the jumbo dealer said sure buddy after march 27th we be happy to order whatever you like with price protection etc.

 

[JohnnyO]

Sounds like my (much smaller) company. You can't just bitch at people to do better and not analyze the processes that got you where you are and fix them.
I joke around a lot here but I have a degree in economics plus an MBA and 21 years experience running my own company before I embarked on a new career. I know a thing or two about running a company.
We found out yesterday that a number of offices in my company have, shall we say, "problems". My office has no issues but then we're not real busy. Problems would be easily solved by hiring more people but that would cost money.

 

[Jason B]

IIRC most of these issues started back in 2020. Coincidently the same year that Ford hired Farley? ? Besides he's been blowing hot air about cracking down on dealers overcharging/marking up vehicles now for over a year and still....Bupkis!

Maybe that's the 'money left on the table. Maybe he wished that FMC would have done the mark ups and pocketed the money instead of the dealers.

This more a problem across society. Many feel they deserve a job and just “show up” for a paycheck. Then if I do a good job I expect a promotion and a free Mustang. The quality aspect really comes down to each individual and their desire to do whatever is right. Problem is, the well is poisoned now and correcting it means a leadership change. Until that happens it’s down the same rat hole.

Here, I fixed that statement:
Then if I do a good the job I'm paid to do I expect a promotion and a free Mustang.

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