Manufacturing 2.0
Rock River Valley manufacturing experts discuss the many facets of manufacturing: technology, education, training, events, people and any other aspects of this important segment of our economy. They’ll use this blog to get the word out and solicit feedback on local and global manufacturing. They hope to better engage our employers, employees and our future work force and increase their understanding of manufacturing.

Archive for December 2nd, 2008

Ford Plan Looks Good to Me

Add comment December 2nd, 2008

 The plan submitted today by Ford to the Senate Finance Committee looks like a doable plan that has already been started with actions earlier this year.  One element that I like is that their request for $9 billion is a “line of credit” backstop loan.  Their liquidity is much better than GM’s or Chrysler’s so they would only use federal money if the downturn is deeper and longer that is expected.

Ford Business PlanFord Business Plan

Also, the CEO is driving to Washington and has agreed to a $1/year salary!  This makes interesting reading so you might enjoy this 33 report.

Wow, talk about confidentiality!