OpenNashPodcasts

Topic

Ford Motor Company

10 facts from 8 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.

1955

According to a legend the hosts call apocryphal, Ford offered Chang $479 a month, and Sylvania's semiconductor division offered $1 more.

“Ford offers him a salary of $479 a month to go take an entry level job.”

Acquired · TSMC, 0:13:31

1963

In 1963 Ford negotiated the price to buy Ferrari from an original $18 million down to $10 million before Enzo Ferrari blew up the deal.

“The asking price was originally $18 million, but somehow Ford manages to easily negotiate it down to $10 million.”

Acquired · Ferrari, 1:16:19

late 2000s

Mathew Lee says Ford faced billions of dollars in losses in the late 2000s and needed to turn around quickly.

“in the late 2000s, Ford was faced with billions of dollars in losses and needed to turn things around quickly, right?”

Matthew Lee · 310. The CEO's role in transformation, 0:19:49

late 2000s

Mathew Lee says that at Ford, every initiative shown to the CEO and top team was reported as green despite the company's losses.

“every initiative that was being shown to the CEO and top team was reporting, uh, in the green, right?”

Matthew Lee · 310. The CEO's role in transformation, 0:19:49

late 2000s

At Ford, according to Mathew Lee, a leader finally reported an initiative in the red and the CEO applauded, after which the team helped fix it.

“So when one leader finally stood up and showed initiative that was in the red, the CEO stood up and applauded that leader for showing that things were in the red.”

Matthew Lee · 310. The CEO's role in transformation, 0:19:49

2004

Red Bull bought the Jaguar Racing team from Ford for one British pound to create Red Bull Racing.

“The purchase price that Red Bull paid was one British pound to establish Red Bull racing.”

Acquired · Formula 1, 2:09:47

Undated

After talks to sell to Ford collapsed, Enzo Ferrari insulted Henry Ford II, saying he made ugly little cars in an ugly factory.

“So he has this war with Henry Ford the second. And during the war, Ferrari said that Henry Ford the second made ugly little cars in an ugly factory.”

David Senra · #396 The Obsession of Enzo Ferrari, 0:42:54

Undated

Elon Musk said the only American car companies that have not gone bankrupt are Ford and Tesla.

“The number of American car companies that haven't gone bankrupt is a grand total of two, Ford and Tesla.”

David Senra · #415 How Elon Thinks, 0:41:42

Undated

Julia Dhar cites Ford as a successful example of a threat story, used after the auto bailouts following the global financial crisis.

“Ford did this really successfully after the auto bailouts, after the global financial crisis, and in rebuilding and turning around that organization”

Julia Dhar · The Leadership Skills That Make Transformation Stick, 0:19:52

Episodes