The fact that Ford didn't need the bailouts that GM and Chrysler got (though I'm aware they still had the line line of credit available) suggests that their leadership is at least strong within the American car making industry, for whatever that's worth. On the side of whether they're developing/integrating tech effectively: on the one hand, that Microsoft system they farmed out for info/music is abysmal and everyone knows it; on the other hand, the Focus RS they've just released shows some impressive work put into even a lower-end car (particularly I'm thinking of the way they handle power delivery to the rear wheels in tight corners.)
At least in what I've seen, Ford is one of the few mass-production car makers doing some pretty interesting stuff.