Ford Motor Company International Global Crisis Essay

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The synopsis of Ford Motor Company: Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as…show more content…
With nearly four million jobs on the line, revival seems a distant dream, but not impossible. The US economic crisis has hit the common man the most, reducing the quantum and quality of lifestyle greatly. Homes and investments have plunged, tagging along labor market statistical pressure. The main features of the current US economic crisis include steep payroll decline, loss of more than 4.4 million jobs, sharp contraction within the labor market, increase in involuntary part-time job slots and underemployment, drop in average hourly earnings reduced consumer spending. The US Economic Crisis is most affected by the steep and unstable gross domestic product. Consumers and businessmen are considering cessation to spending. The monetary policy official rates are suspended at a near zero. In spite of the credit programs to stimulate consumer lending, the shedding of labor renders the remedial measure a shot in the dark. Construction-based and related employment has also dropped considerably. Retail trade and the hospitality segment have been hit by a 'non-essential' spending habit nurtured by regular patrons. Even within the automobile industry, temporary employment and labor intensive processing cannot salvage the aggregated earnings or input. Before we can explain the affects of the international credit crisis on Ford Motor Company, we must briefly explain the crisis impact on the automobile industry as a whole. The effect

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