Ford 'The Way Forward' plan (2006)
Ford announced 30,000 job cuts and plans to close 14 North American plants, shrinking capacity by 26% and aiming to return to profitability by 2008.
Ford lost $12.7 billion in 2006 and closed plants ahead of schedule.
The plan helped Ford avoid the bankruptcy that hit GM and Chrysler in 2008-09, though it required additional restructuring.
An early example of a legacy automaker voluntarily shrinking in response to competition, proving the value of acting before a crisis forces the issue.
