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 [...]
Bill Ford Jr., Chairman of FoMoCo, has no plans to return to the job of Chief Executive Officer in the future. In an interview with Reuters, Bill said that if he has his way, Alan Mulally will put off his own retirement until the middle of next decade. He said that when the job for [...]
A website called bringbackalan.com is calling for the return of FoMoCo’s CEO to Boeing Co., where Alan Mulally spend 37 years, or his entire career, before moving to Ford in 2006. Mulally was CEO of Boeing Commercial Airplanes before FoMoCo Chairman Bill Ford lured him to come to Dearborn. The Web site reads: “Now that [...]
At his keynote address at the New York International Auto Show, Ford CEO Alan Mulally outlined his company”s plan for delivery of green vehicles, but warned that the U.S. is falling behind in the race to develop new battery and powertrain systems. He placed an onus on world governments, saying that incentives will be needed [...]
One of the many things Ford customers (very lucky few customers we might add) appreciate about FoMoCo is having CEO Alan Mulally deliver their car to them. Mulally, responsible for implementing the ‘One Ford’ motto at the Dearborn automaker, is know for randomly showing up to deliver customer cars. Mulally recently decided to head over [...]
FoMoCo’s CEO Alan Mulally received a total compensation package in 2009 that totaled nearly $18 million, including cash, stock options and grants. Mulally, who voluntarily took a 30 percent reduction in his cash salary, received a total of $1.4 million in cash – down from $2 million in 2008. While Mulally didn’t receive a bonus, [...]
During a CNBC interview yesterday, FoMoCo CEO Alan Mulally said that he talked to General Motors Chairman and new CEO Edward Whitacre. Mulally did not discuss the details of his talk with Whitacre, who became CEO of GM on Dec. 1 after the resignation of Fritz Henderson. “Well, matter of fact, we did talk yesterday,” [...]
Ford announced today that its new 2010 Ford Taurus will be the official vehicle of the 2010 International CES show that will be held on Jan. 7-10 in Las Vegas.’ “The all-new Taurus is Ford”s technology flagship, offering more user-friendly technology to help keep you safe and connected than cars twice its price,” said Frank [...]
