Friday, April 01, 2011

Free-market Ford laps Government Motors ~ Bureaucrats can’t run a car company, let alone the whole country

EDITORIAL: Free-market Ford laps Government Motors
The Washington Times ^ | April 1, 2011 | Editorial

Posted on Friday, April 01, 2011 8:41:07 PM by jazusamo

Bureaucrats can't run a car company, let alone the whole country

Ford Motor Co. beat General Motors in March sales, another small but significant victory of private enterprise over government micromanagement. Since the 2009 government takeover of GM, competition between the two leading domestic auto manufacturers has taken on strong ideological overtones. It serves as an ideal test case, a microcosm of the competition between two worldviews, the automotive equivalent of North vs. South Korea. Right now, the good guys are winning.

Ford has been giving GM a run for its money since the competition began. In October, Ford recorded a 68 percent increase in its third-quarter net income, the sixth straight profitable quarter during the worst economy since the Great Depression. The blue oval passed Toyota to become the second largest auto brand sold in America. In March, Ford sold 212,295 vehicles, beating GM by 5,674 units - only the second time since 1998 that Ford won the monthly sales race. It did this without the supposed "benefits" of government intervention, except to the extent government minders have kept GM from maintaining its historically dominant position.

March sales numbers also highlight the lax public response to the Obama administration's continued emphasis on "green" technology. One of Ford's mainstays is the F-series pickup, sales of which are up 25 percent over the previous year. This full-sized truck gets 19 miles per gallon, very fuel efficient for a pickup in its class but not exactly a poster vehicle for environmentalists...

(Excerpt) Read more at washingtontimes.com ...



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