Alan Mulally - egmCarTech (2)

Mulally: Ford is now competitive, can make it through the downturn

Posted: Mar 30, 2009

As Rick Wagoner is being ousted as CEO of General Motors by Obama and as Chrysler faces a “Fiat or bust” policy, Ford CEO Alan Mulally is hanging out in his 12th floor corner office at Ford’s Dearborn headquarters with a big grin on his face.
Mulally says that Ford is now competitive. ”Ford has won all [...]

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Ford: Alan Mulally and Bill Ford will continue to use private aircraft fleet

Posted: Mar 25, 2009

Filed under: Ford, Industry News

The Detroit Big Three received a lot of heat when they flew to Washington in their private jets in December 2008 to request aid from the U.S. government. Following that, FoMoCo put all of its private plan fleet up for sale. Well, the fleet has not been sold as of yet.
Since December, Executive Chairman Bill [...]

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Ford’s Alan Mulally received 13.5 million in 2008

Posted: Mar 24, 2009

Filed under: Ford, Industry News

FoMoCo today submitted documents to the Securities and Exchange Commission that show that CEO Alan Mulally’s total compensation was cut 37 percent last year. Including cash, stock and stock options, Mulally’s total compensation is worth more than $13.5 million.
Mulally’s salary totaled $4.9 million in 2008 with $8.7 million in stock option. However, Mulally’s $8.7 million [...]

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Ford awards Mulally option to purchase 5 million shares

Posted: Mar 16, 2009

Filed under: Ford, Industry News

FoMoCo CEO Alan Mulally was awarded stock options for 5 million shares last week, reports Automotive News. However, Mulally will not be able to take advantage of the options until Ford’s stock price substantially improves.
Ford reported the round of options to the Securities and Exchange Commission on Friday but said that it won’t report the calculated [...]

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TIME wants you to ask Alan Mulally 10 questions

Posted: Mar 13, 2009

Filed under: Ford, Industry News

While we were just browsing the internet (actually TIME.com is our home page) we came across the 10 Questions section on TIME Magazine’s website. This time in the hot seat is Ford CEO, Alan Mulally.
As GM and Chrysler fight for their lives, Ford Motor Company has opted not to ask our government for a penny. [...]

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UAW Ford workers ratify contract changes to VEBA funding

Posted: Mar 09, 2009

Filed under: Ford, Industry News

In a deal that will allow Ford to use stock to fund up to half of its obligations to retiree health care trusts, the UAW members at FoMoCo have ratified changes to the independent Voluntary Employee Beneficiary Association (VEBA)
According to Automotive News, nearly 60 percent of the votes favored the measure.
“Once again UAW members have [...]

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Mulally: Electric vehicles will be a “major portion” of Ford’s future lineup

Posted: Mar 05, 2009

Filed under: Ford, Industry News

While Volkswagen’s CEO doesn’t seem to be a fan of electric-cars, FoMoCo’s CEO Alan Mulally said that a “major portion” of its lineup in a decade from now will consist of electric-vehicles as the automaker finally gets away from relying on pickups and SUVs to profit.
“In 10 years, 12 years, you are going to see [...]

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UAW and Ford reach agreement on future funding of VEBA

Posted: Feb 23, 2009

Filed under: Ford, Industry News

FoMoCo announced today that it has reached a tentative agreement with the UAW on modifications to the Voluntary Employee Beneficiary Association (VEBA) retiree health care trust. Ford said that the agreement allows the company to make up to 50 percent of its scheduled payments into the VEBA using Ford common stock.
The automaker said that it will consider [...]

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How much are the Detroit 3 executives paid?

Posted: Feb 05, 2009

Filed under: Chrysler, Ford, GM, Industry News

President Barack Obama on Wednesday imposed a $500,000 cap on senior executive pay for most of the financial institutions receiving taxpayer bailout money. He promised that new steps that will be taken to end a system that rewards “executives being rewarded for failure.”
All of the Detroit 3 automakers have accepted $1 dollar salaries while their [...]

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Mulally: Ford doesn’t want to borrow any more money

Posted: Jan 26, 2009

Filed under: Ford, Industry News

Ford is still alive and pumping. According to FoMoCo CEO Alan Mulally, the company has enough liquidity to fund its restructuring plan and despite the fall in auto sales still sees no need to ask the government for loans.
“We don’t want to borrow any more money. We have sufficient liquidity to fund our transformation plan, [...]