Official press release from Ford:
http://media.ford.com/article_displa...ticle_id=26997
Another cornerstone of Toyota North America has left for a domestic automaker. The article below offers some insight why Farley may have departed:
Quote:
Perhaps more damaging, the company's inability to retain Messrs. Press and Farley and Ms. Meyer highlights what some insiders describe as growing discontent among American ranks about heavy-handed interventions from their bosses in Japan in formulating pricing and other key strategic decisions.
Those insiders, who spoke on condition of anonymity, said American managers were particularly upset about the pricing strategy forced on them for the redesigned Toyota Tundra full-size pickup truck. Relatively high prices of the Tundra, which went on sale in the spring of this year, have forced Toyota to offer big discounts and other costly sales incentives to help them meet its sales on target. Toyota wants to sell 200,000 of them this year.
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http://online.wsj.com/article/SB1192...googlenews_wsj
