Ford proposal to U.S. Congress outlines strategy for viability.

In Ford’s proposal to the U.S. Congress, entitled “Ford Motor Company Business Plan”, Ford outlined its four-pillar plan to confront the critical issues facing the automotive industry. The plan is summarized as “One Ford – One Team – One Plan – One Goal.” The proposal also covers the current business environment and moves on to present Ford’s strategy to transform itself to better compete by developing safer, greener and even better quality vehicles. It also includes answers to specific questions posed by Speaker of the House Nancy Pelosi and Majority Leader Harry Reid.

The four key pillars addressed Aggressive Restructuring, New Product Development, Financing and Improving the Balance Sheet, and Working as a Team More Effectively. Ford notes, that while there is much work to be done, the Company did not wait until the current crisis to begin organizational change efforts, but had already begun a fundamental restructuring, from which early efforts had shown promise.

To read the complete Ford Motor Company Business Plan that was submitted to the Senate Banking Committee, download the PDF here.