Ford Plans to Cut 10% of Global Workforce: WSJ

The video discusses the challenges faced by Ford's CEO, Mark Fields, due to poor stock performance and the need for aggressive strategies in the mass market. It compares Ford's conservative approach to GM's aggressive restructuring and success, particularly in China and Europe. The discussion includes job cuts and restructuring efforts by Ford and other car makers like Volkswagen, highlighting the pressure on mass market car manufacturers to adapt and respond to market demands.

What is one of the main pressures facing Ford's CEO, Mark Fields?

• Expansion into new markets

• Need for investment in electric cars

• Increasing stock prices

• Reducing production costs

Why has GM been more successful than Ford in recent years?

• Ford has expanded into new markets

• GM has reduced its workforce significantly

• Ford has more aggressive strategies

• GM has a larger presence in China

What strategy has GM employed in Europe that differs from Ford's approach?

• Ford has expanded its European operations

• GM has increased its workforce

• Ford has focused on electric vehicles

• GM has cut ties with Opal

What is a common response by mass market car makers to current market pressures?

• Cutting jobs

• Expanding into new markets

• Raising prices

• Increasing production

How many job cuts is Volkswagen considering to manage labor costs?

• 10,000

• 40,000

• 20,000

• 30,000