If 25, 000 workers accept, that would pull Ford s attrition rate ahead by about six to eight years.
Merrill Lynch automotive analyst John Murphy says it s difficult to predict the cost of Ford s buyout program.
Ford's latest hope is MarkFieldsMark Fields, who did a good job turning around Ford's 37%-owned Mazda unit.
But not even Ford's bullish chief executive, Jac Nasser, thinks that Ford's mainstream products can recapture lost ground.
C-MAX Energi is part of Ford's first dedicated line of hybrid vehicles in North America and will soon be available for order at Ford's certified electric-vehicle dealerships.
ENGADGET: Ford's 2013 C-Max Energi rolls out 95 MPGe, arrives later this fall
Joseph Hinrichs, Ford's group vice president of manufacturing and labor relations, said the agreement would push Ford's total labor cost per hour, including benefits, "into the ballpark" with foreign-based rivals.
They'll work with Ford's next generation of leaders--people like Mark Fields, group vice president of Ford's Premier Automotive Group, and Martin Leach, president of Ford of Europe--to shape a strategy.
But the average age of Ford s workforce is about five years younger than GM s, which means Ford will have to shell out more money to convince workers to give up their high salaries and gold-plated benefits.
More recently, as president of Ford's car business, Mr Nasser has taken a grip on Ford's global reorganisation, which Mr Trotman launched a few years earlier and which had seemed to be spinning out of control.
The filing, which was made with the U.S. Securities and Exchange Commission, comes two days after AlanMulallyAlan Mulally, Ford's chief executive, and BillFordBill Ford, Ford's chairman, met with Kerkorian and other Tracinda executives to discuss the automaker's plans.
The filing, which was made with the U.S. Securities and Exchange Commission, comes two days after Alan Mulally , Ford's chief executive, and Bill Ford , Ford's chairman, met with Kerkorian and other Tracinda executives to discuss the automaker's plans.
This part of Texas is in the core of the Eagle Ford s hale, currently the most profitable oil and gas field in the U.S. The people around here understand that the fracking of this shale, the injection of billions of gallons of sand-and-chemical-laden water, takes place 2 miles beneath the ground.
In January he launched Ford's latest turnaround effort, called the "Way Forward, " which seeks to restore North American profits by 2008 by reducing material costs, shedding excess workers and factories, and sharpening the focus of the company's Ford, Lincoln and Mercury brands.
That's a tribute to Ford's new cars like the Ford Fusion and Lincoln Zephyr, but the decline in truck sales will hurt profits.
Mr Nasser's place at Ford's helm is being taken by William Clay Ford Jr, great-grandson of the founder and part-time chairman for the past three years.
While many Ford dealers welcomed Nasser's dismissal, some are nonetheless feeling edgy about Ford's green tilt.
In the distant past, some of GM's and Ford's biggest problems erupted, as one might expect, when car sales plummeted during economic slowdowns.
But Ford's chief, Henry Ford II, was incensed at the initial failure of the car that bore his father's name, and the Edsel division was destroyed.
In Henry Ford's day, Ford made the car and the customer paid for it.
Then there's another of Bill Ford's pet projects: the world's largest living roof.
Remember, it wasn't Yankees manager Yogi Berra's fault that Whitey Ford's arm was dead or that Roger Maris hit .200 in the 1964 World Series.
High gas prices have decimated sales of Chrysler's trucks, minivans and SUVs, which account for 76% of the company's vehicle sales, higher than GM's 60% and Ford's 62%.
Other curiosities included Dwight Eisenhower's clubs and Gerald Ford's putter.
That augurs well for GM's RickWagonerRick Wagoner, Ford's AlanMulallyAlan Mulally and Chrysler's Robert Nardelli as they prepare for day two of hearings before the House Financial Services Committee Friday.
Since then he's announced plans for a potential spinoff of part of Ford's Hertz rental-car subsidiary, and in May Ford agreed to buy back 24 plants from Visteon, its troubled former parts operation, to ensure the delivery of critical components.
Mr Ford's remarks were made before Ford acknowledged that some Firestone tyres on its vehicles were blowing out and killing people.
Unfortunately, it's too late to prevent Ford's customers from being confused.
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