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Originally Posted by nittanyalum
LOL. Probably depends on how you define "long term". I remember when Kerkorian made the news a month or so ago when he wanted a big buy-in to Ford stock, it rose into the high-$8s then. I'd say it's still a good long-term investment, it's Ford Motor Company, for god's sake. It, like the other big car manufacturers, obviously needs to adapt and change, but it's not going anywhere. Mulally did wonders for Boeing, give him time and I bet he'll deliver Ford too.
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What makes you think Ford can adapt?
It looks to me like the auto industry does everything they can not to adapt. The Model T actually gets better mileage than many cars on the road today.
When I think of the Ford boardroom, I picture a bunch of 80 year old guys sitting around waiting for gas prices to drop.
Boeing is in a different position than Ford. Boeing has a virtual monopoly and their only competion is Airbus. Boeing's problem was in production not sales. They could not meet demand. Boeing needed to streamline prodouction and cutout some of the BS custom options and get rid of Stonecipher. They were offering over 100 different shades of white paint.