Ford Posts Massive Q3 profit
This is just excellent news for America and the American auto industry. I couldn’t be happier for Ford than if I was one of their own dealers (www.gowolfe.com) 🙂 $997 million profit to be exact. I cannot say that we are feeling the tide of success anywhere near that mark at the dealer level, but news like this gives great hope. This is a perfect example of identifying a problem, and acting upon it. When I began my Saturday morning radio program Summer of 2005, the hot topic was Alan Mually. Everyone was saying “what the hey does an airplane man know about the car business” The answer was, Mually navigated Boeing through the post 9/11 waters, and the US auto industry is approaching times similar to those in the upcoming years. Ford went into panic mode 24 months before GM and Chrysler. Ford did not take the bailout money, Ford did not let’s it ego cloud it’s judgement, and Ford just made 1 billion dollars in a quarter where the it’s competiors are still writing government checks. This is an inspiring story if nothign else. Plan your work and work your plan, that’s exactly what Ford did, and my hat goes off to them.