Foul-Up Management in the Corporations

There is something shameless about Ford Motor Company executives abandoning the Company’s 75-year-old free-trade policy to seek government protection from Japanese imports. No doubt, Ford is having its trouble selling cars. Ford reported a 1980 loss of $1.54 billion. Detroit’s annual losses set world records with Chrysler at $1.7 billion and General Motors at $763 million. The losses in 1980 for the three companies exceeded $4 billion. General Motors finished the year in the red f...