{"id":171624,"date":"2023-02-28T18:17:32","date_gmt":"2023-02-28T18:17:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171624"},"modified":"2023-02-28T18:17:32","modified_gmt":"2023-02-28T18:17:32","slug":"fords-pathetic-excuse","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/fords-pathetic-excuse\/","title":{"rendered":"Ford’s Pathetic Excuse"},"content":{"rendered":"

It\u2019s this simple. The headline of an in-depth investigation from Bloomberg, the leading financial news organization in the world, read, \u201cFord\u2019s Electric Pickup Is Built From Metal That\u2019s Damaging the Amazon.\u201d The article is thousands of words long and is supported by detailed graphs and photography. It would be hard to find a story more damaging to the reputation of a major American manufacturer. (Click here for the good, the bad and the ugly of owning a Ford F-150.)<\/p>\n

Ford\u2019s response to the Bloomberg investigation was sent to 24\/7 Wall St. after we queried about the Bloomberg article. It read, \u201cFord is committed to a supply chain that exceeds minimum regulatory compliance requirements and respects human rights, including the right to clean air and clean water. That commitment applies to everything we make and that others make for us. We encourage people to call attention to issues, investigate all of them, and work with suppliers to align their business practices with our standards.\u201d<\/p>\n

The response is pathetic and reflects poorly on Ford\u2019s management and the Ford family, led by Executive Chair William Clay Ford Jr., the company\u2019s de-factor CEO.<\/p>\n

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\nFord has fumbled the launch of the Ford F-150 Lightning, which is its most likely path to success in the electric vehicle (EV) market. Ford sells over 600,000 units of the gasoline-powered F-150, a huge installed base for any newly launched vehicle. Ford has unexpectedly raised the Lightning’s price to a level that makes it unaffordable for some pickup owners. It also has shut down the Lightning assembly line because of battery defects.<\/p>\n

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\t\t\t\tALSO READ: The Most Fuel-Efficient New Trucks This Year
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\nBill Ford has said the Lightning is the most important product launch of his tenure. The problems of the launch should be humiliating.<\/p>\n

The Bloomberg story is a symptom of Ford\u2019s problems and not the core of them. The core is Ford\u2019s management, led by Bill Ford.<\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s this simple. The headline of an<\/p>\n","protected":false},"author":3,"featured_media":171623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nFord’s Pathetic Excuse - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/fords-pathetic-excuse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford’s Pathetic Excuse - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"It\u2019s this simple. 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