Once Lincoln re-establishes itself as a stronger luxury brand in the United States, FoMoCo’s CEO Alan Mulally has plans to take the brand to international markets within the next five years. “Our primary focus is going to be the United States as you well know, but I have been looking at and driving the new [...]
FoMoCo is looking to reduce its product lineup to as few as 20 nameplates, according to CEO Alan Mulally. “There will be less than 30, on our way to 20 to 25,” Mulally said. “Fewer brands means you can put more focus into improving the quality of engineering. It was absolutely clear that we had [...]
Alan Mulally, President and CEO of Ford is in Washington, D.C. today and tomorrow attending meetings with top officials from the Treasury and Commerce Department. Mulally was named to the President”s Export Council back in July. The council, comprised of 28 private sector members and various congressional and executive branch members, will serve so as [...]
In a warm sentimental moment at an event honoring Lee Iacocca on Saturday night in Detroit, Ford CEO Alan Mulally grabbed Sergio Marchionne and reeled the Chrysler Group CEO in a for a giant bear hug; and of course this was all captured on camera. Iacocca was the first recipient of the Walter P. Chrysler [...]
Earlier this month, FoMoCo CEO Alan Mulally made his way down to Washington to have lunch with business leaders from around the country and President Barack Obama. It seems like Mulally and Obama get along a littler better than everyone thought. According to The Detroit News Obama plans to appoint Mulally to a presidential council [...]
President Obama was scheduled for a luncheon today in the White House with business leaders from around the country; the group was said to have included Alan Mulally, president and CEO for FoMoCo. Throughout his tenure in office, Obama has held seven such luncheons, but Mullally’s attendance marke the first by an auto exec. The [...]
FoMoCo chief Alan Mulally makes more than Toyota’s Akio Toyoda, Nissan’s Carlos Ghosn, and Honda’s Takanobu Ito – combined. The three Japanese heads earned 100 million yen ($1.1 million), 891 million yen, and 115 million yen, respectively. Mulally earned $17.9 million in 2009. Bear in mind that FoMoCo’s salaries are not subject to the same [...]
FoMoCo”s executive chairman Bill Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays off more of its debt. That being said, he also mentioned that shareholders were barely in a position to complain, considering the soar in stock value and the fact that this year ended [...]
If you’re one of those investors still questioning whether you should jump in on the FoMoCo stock, CEO Alan Mulally said today that the company should be “solidly” profitable in 2010 as it recovers from a sharp downturn in the auto industry. Talking to shareholders at Ford’s annual meeting in Delaware, Mulally said that Ford [...]
Compared to one year ago, Detroit”s big three automakers are showing a shocking turnaround. While Chrysler has only shown a slowing of their financial hemorrhage, Ford reported profits of $2.1 billion, and GM, despite not having yet reported a profit, has managed to pay off its $5.8 billion treasury loan early. Though these numbers certainly [...]
