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August 29, 2013
700,000 figure you talk about, when you look at the persistent city deficits, look the at $18 billion of liabilities that have to be dealt with, and, of course, in this bankruptcy where everybody has their hand out saying i dont want to be the one to sacrifice, it isnt completely obvious to those of us who love detroit and want it to succeed that you have all the financial resources you need to make this work. >> steve, thanks so much for that question. in fact, ive been watching some of your co...
August 29, 2013
>> well, first off, as it comes to innovation and technology, were a company these days that always ask the question why. how can we do things better, faster, more efficiently? and then as we get those answers as you saw there with our 3d printing and ability to have those prototype parts quickly we work with our work es and put them through a rigorous and disciplined set of training to give them the skills so that they can be productive not only on the line, but also for them to develop and hav...
August 29, 2013
When you work hard, you ought to be able to feed your family and not live in poverty. >> work is supposed to take you out of poverty. >> exactly. >> its pretty simple. >> exactly. >> i wish you the best of luck with this. let us know if i can help you in any way. joes keeping me from protesting but im going to. im going to protest. >> you should. >> thank you. >> thats the american way. >> mary kay, thank you so much. >> that is the american way. >> greatly appreciate it. >> are you coming to ne...
August 29, 2013
Doesnt last centuries, without continuously reinventing itself. and i think thats the challenge for us. >> your company is focused on manufacturing, given what you produce. >> yes. >> so you want it to flourish, but detroit itself, how do you make it? how is a business component in this city, a make it a place that can flourish. >> we showed a chart, detroit is number one in manufacturing growth in 2012. >> i get that. but then you walk around detroit and you see blighted buildings everywhere, y...
August 29, 2013
Dont you think detroit needs significant, meaningful, direct financial help from the state of michigan and from washington to make this work? >> well, weve designed our plan without the expectation that were going to get any help from either the state or federal government because weve been told detroit dug this hole and just as a matter of policy and good practices, we need to dig our way out of it. make no mistake about it. well take whatever help we can get, and, in fact, weve met with severa...
August 29, 2013
Were the best quality and fuel efficient. >> there are realities to making this a success and questions along the way about how you did it. what concessions has everybody had to make to make this work? >> as you stand today, a lot of -- ford is prospering, our people are prospering, but clearly as we went through looking at the business, we did have to say good-bye to a lot of people in the ford family. we wanted to treat people with respect as we did that. we had to size the business appropriat...