He's upped his stake in Ford. He's wiling to pay $8.50 a share. Either he is going to slash and burn the company to profitability(harder than it sounds) or he's going to flip it to another buyer like the Chinese or Indians. Interesting thing about Ford, their problems are only in North America. Unfortunately, that's the biggest car market as of today. If you read their last earnings release they doubled their income in Europe and south America. They even earned a profit in Asia.
Ford's biggest strength is that they get more of their earnings from overseas than Chrysler or GM. Like everyone else, they're going to have to kill several brands while creating new cars that can deal with the reality of higher fuel prices, This doesn't mean manufacturing rectangles with wheels. Inexpensive and reliable don't equal boring. Unfortunately, this whole industry is bereft of ideas. The last game-changing one they had was the minivan. That was back in the 80s.
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