Speaking on the sidelines at the Fortune Brainstorm Green conference, FoMoCo’s Chairman Bill Ford Jr. said on Monday that the company is open to partnerships in green technology but will be cautious in committing to any alliance. “We are always open to it but I think we will be careful before we jump,” Bill Ford [...]
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 [...]
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, [...]
FoMoCo’s Chairman Bill Ford Jr. met with President Barack Obama today during his visit to Washington to deliver an action list from the National Summit on the economy from June. Ford said that he thanked Obama for stepping in to save General Motors and Chrysler from liquidation. He said that said Obama had stabilized not just [...]
Alan Mulally, the man credited with being the catalyst behind Ford’s recent turnaround, has been invited to stay on with the company for as long as he wants. “I want Alan to stay as long as he would like to stay and hopefully that is quite a while,” Ford Executive Chairman Bill Ford Jr. told [...]
In an interview with CNBC, FoMoCo’s Bill Ford said that the supplier base was saved from collapse by the U.S. government and their loans to Chrysler LLC and General Motors. Co-chairman of the National Summit that began in Detroit today, Ford said that the loans to the two automakers directly helped suppliers pay their bills. [...]
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 [...]
