Bill Ford says turnaround is beating expectations

Bill Ford Jr, FoMoCo Executive Chairman gave a huge shout-out to CEO Alan Mulally and his efforts in restructuring and resurrecting the struggling Dearborn automaker.

“Alan Mulally has done a fantastic job, and you’ve seen the results every¬†quarter,” he said. “He’s done it quicker than I thought he would.”

Alan Mulally replaced Bill Ford in 2006, bringing in his experience from Boeing and his focus of a “One Team, One Ford.”

Bill Ford said that the company’s turning around are beating expectations every quarter. In the first three months of 2008, Ford reported a $100 million in net income compared to a net loss of $282 million during the same period in 2007.


Source: Detroit News

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