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August 24, 2007

Ford Stays the Course, Wherever It May Lead

DEARBORN — What has changed in the year since Alan R. Mulally left Boeing to be chief executive at Ford?

In a sense, everything and nothing, according to the New York Times' Micheline Maynard.
Since his appointment last September made him the first outsider in recent memory named to run a Detroit auto company, Mr. Mulally has brought discipline to a company known for rivalries and infighting.

An admirer of the development team that created the Taurus sedan, he revived the nameplate, most recently relegated to a rental car. He mortgaged virtually all of Ford’s assets to amass the billions of dollars the company needs for its restructuring, and he has put up for sale Ford’s British luxury nameplates: Jaguar, Land Rover and Aston Martin.

Despite that, Mr. Mulally, who turned 62 this month, has not dispelled concerns about the future of Ford, which Toyota passed this year for second place in the American market.

Posted by Peter C. T. Elsworth  at 9:48 AM to Ford , commentary | Permalink

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