Wonder why I havent been seeing too many "Quality is Job 1" ads by Ford, heh.
Ford quality below GM and Daimler Chrysler .
Edit: cut and paste below:
Struggling to regain control of tire problems in Ford Explorers that have tarnished the image of the Ford Motor Company, the company plans to announce a reshuffling of senior management, possibly as soon as next week, people close to Ford Motor's leaders said today.
The reshuffle will be done with several goals, these people said. Ford's board wants Jacques Nasser, the chief executive, to share some of his responsibilities with other executives, instead of having nearly two dozen executives report to him directly as he tries to play a role in many of their decisions. William Clay Ford Jr., the chairman of the company, wants to have some of the executives now reporting to Mr. Nasser also report to him, so as to increase Mr. Ford's knowledge of what is going on in the company.
Finally, Mr. Ford and the board want Mr. Nasser and the rest of Ford's management to pay more attention to quality. Mr. Nasser and many of his top lieutenants held a lengthy meeting today to discuss quality with Ron Gettelfinger, the vice president for Ford issues at the United Automobile Workers union, people close to the company said.
A report two weeks ago by J. D. Power & Associates, an automotive consulting firm, concluded that the average quality of Ford vehicles had fallen behind that of General Motors and DaimlerChrysler vehicles last year, and well behind the quality of Toyota Motor vehicles.
Jason Vines, a Ford spokesman, declined to comment on the company's plans.
In a separate development, the outside directors of Ford's board have been pursuing an independent review of the company's handling of the tire problems with the help of a Washington law firm, people close to the company said. The directors initially retained the law firm last autumn to review whether they had any liability in shareholder lawsuits filed against Ford and its directors last autumn, but the inquiry is now focusing more on management's decisions.
There were also signs today that Ford's plan to spend $3 billion to replace 13 million Firestone Wilderness AT tires on Explorers and other Ford sport utility vehicles and pickup trucks could become even more expensive.
Mr. Gettelfinger plans to ask Ford to exclude the $3 billion charge when the company calculates profit-sharing payments to workers at the end of this year, although Mr. Gettelfinger did not raise the subject during today's meeting on quality, two people close to the union said today. The U.A.W.'s contract with Ford calls for the exclusion of "extraordinary" costs in the calculation of profit-sharing checks, which averaged $6,700 a worker in 2000.
If Ford were to agree to such a request by the U.A.W., it would probably cost the company several hundred million dollars under the complicated profit-sharing formula. Mr. Nasser said last week that the company had not yet calculated the precise cost.
Mr. Gettelfinger declined to comment today on his plans, while Nick Sharkey, a Ford spokesman, said that the company had not yet been contacted.
Ford quality below GM and Daimler Chrysler .
Edit: cut and paste below:
Struggling to regain control of tire problems in Ford Explorers that have tarnished the image of the Ford Motor Company, the company plans to announce a reshuffling of senior management, possibly as soon as next week, people close to Ford Motor's leaders said today.
The reshuffle will be done with several goals, these people said. Ford's board wants Jacques Nasser, the chief executive, to share some of his responsibilities with other executives, instead of having nearly two dozen executives report to him directly as he tries to play a role in many of their decisions. William Clay Ford Jr., the chairman of the company, wants to have some of the executives now reporting to Mr. Nasser also report to him, so as to increase Mr. Ford's knowledge of what is going on in the company.
Finally, Mr. Ford and the board want Mr. Nasser and the rest of Ford's management to pay more attention to quality. Mr. Nasser and many of his top lieutenants held a lengthy meeting today to discuss quality with Ron Gettelfinger, the vice president for Ford issues at the United Automobile Workers union, people close to the company said.
A report two weeks ago by J. D. Power & Associates, an automotive consulting firm, concluded that the average quality of Ford vehicles had fallen behind that of General Motors and DaimlerChrysler vehicles last year, and well behind the quality of Toyota Motor vehicles.
Jason Vines, a Ford spokesman, declined to comment on the company's plans.
In a separate development, the outside directors of Ford's board have been pursuing an independent review of the company's handling of the tire problems with the help of a Washington law firm, people close to the company said. The directors initially retained the law firm last autumn to review whether they had any liability in shareholder lawsuits filed against Ford and its directors last autumn, but the inquiry is now focusing more on management's decisions.
There were also signs today that Ford's plan to spend $3 billion to replace 13 million Firestone Wilderness AT tires on Explorers and other Ford sport utility vehicles and pickup trucks could become even more expensive.
Mr. Gettelfinger plans to ask Ford to exclude the $3 billion charge when the company calculates profit-sharing payments to workers at the end of this year, although Mr. Gettelfinger did not raise the subject during today's meeting on quality, two people close to the union said today. The U.A.W.'s contract with Ford calls for the exclusion of "extraordinary" costs in the calculation of profit-sharing checks, which averaged $6,700 a worker in 2000.
If Ford were to agree to such a request by the U.A.W., it would probably cost the company several hundred million dollars under the complicated profit-sharing formula. Mr. Nasser said last week that the company had not yet calculated the precise cost.
Mr. Gettelfinger declined to comment today on his plans, while Nick Sharkey, a Ford spokesman, said that the company had not yet been contacted.