Both Bloomberg News and the Freep are reporting that FoMoCo is quickening the pace of its Way Forward turnaround plan and extending buyout offers to every factory worker in North America. Basically, if you're a worker bee at a FoMoCo plant — guess what, your ass is eligible for a buyout. Not the worst idea, considering the Dearborn-based automaker lost somewhere around $1.3 billion during the first half of the year. This of course is on top of Fridays announced cut in production of new vehicles by 21% — guess we now know how FoMoCo's hoping to not lose too much money with idled workers.
Less Ford Truck Men: Mo Analysis On FoMoCo's Slow-Down [internal]