GM and Ford are driving down two different paths for investors, creating a divide within the automotive sector after quarterly earnings and input from the CEOs.
A worker inspects unpainted Ford Focus bodies on the quality check line inside the Ford Motor Co. factory in Saarlouis, Germany, Sept. 25, 2019.
In an interview with FOX Business, Brian Kuney, a vice president of the Manufacturing Extension Partnership and consultant in the supply chains of BMW, Mercedes and Volvo, said, "GM’s leadership, alignment and focus on technology to manufacture at a large scale is the difference here. "While Ford has never had to take a buyout or ask for federal help like a GM or other U.S. automaker, GM’s leadership over the last seven or eight years has them more aligned with the bigger vision. Mingled with Ford’s decision to stop making cars, there is something different in the collaborative culture at GM."
General Motors Chairman and CEO Mary Barra talks with media prior to the start of the 2018 General Motors Company Annual Meeting of Stockholders June 12, 2018, at GM Global Headquarters in Detroit, Mich.With added pressure from the federal government on industry to convert from gasoline to electric, more affordable EV’s will create new competition in 2023 as Ford, GM,and Bolt EUV recorded record sales last year and showcased the "importance of affordable EVs in our portfolio.
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