Ford Boss Seeks Industry Credibility
The Daily Auto Insider
August 9, 2002
"We've all come under attack because of the stupidity and greed of a few misguided individuals," The Associated Press reported, quoting Bill Ford, chairman and chief executive of Ford Motor Co., who spoke at the annual industry conference in Traverse City, Michigan.
He said that the recent scandals regarding companies in other industries have fueled a general distrust of big corporations which, along with over-regulation, has caused Americans to fall out of love with the auto industry.
Ford said the auto companies are doing their best to be good corporate citizens, but "a lack of credibility" in the auto industry's position on environmental issues is encouraging new regulation, such as California's recently enacted bill aimed at reducing carbon-dioxide emissions from vehicles.
"In California, people used to write songs about T-birds and Corvettes, today they write regulations," Ford said.
Ford said he'd like to "lower the temperature" of the debate between the auto industry and California clean-air regulators "and work toward trying to get a reasonable solution."
"Costly mandates that focus on existing technology run the risk of taking human and capital resources away from the development of potential breakthrough technologies," said Ford, the great-grandson of the company's founder and namesake, Henry Ford.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....