Whether you've got stock in the company or are simply thinking about your next new car or truck, there'll be some important news coming your way on Monday. With its market share collapsing and losses mounting on U.S. operations, Ford Motor Co. will unveil its "Way Forward" turnaround plan. The general consensus suggests we'll see as many as 10 major parts and assembly plants closed and up to 25,000 blue- and white-collar jobs cut, including some at the most senior ranks of the company. Sources indicate TheCarConnection.com was correct in reporting that marketing czar Steve Lyons is among those who've been pink-slipped.
We'll have to wait and see what happens, but for those of you who want to be in on the action, you can be listening and watching as the news breaks down in Dearborn, Michigan, on Monday, by clicking this link to Ford's Webcast.
We'll obviously follow with in-depth reporting on Monday's potentially historic events, so stay "tuned" to TheCarConnection.com.