Trying Liberty (Free subscription) | 19/11/2008
Kurt Bouwhuis, Mackinac Center Intern CNN conducted an interview regarding the automotive bailout with Alan Mulally, Ford’s CEO. Mulally seemed to have no problem with forcing tax payers to bailout Ford. In fact, he thought it was a good idea! The CEO of a failing company is willing to take out a loan at the [...]
Detroit Free Press (Free subscription) | 19/11/2008
Ford Motor Co. CEO: Alan Mulally: "I see parallels with what I witnessed at Boeing after 9/11. ... I can tell you that the transformation at Ford is even more aggressive." Ford has closed 17 plants over the past five years and reduced its workforce by 51,000 employees over the past three years.
Detroit Free Press (Free subscription) | 18/11/2008
Thank you Mr. Chairman, Senator Shelby and members of the Committee. I appreciate the opportunity to be here with you today representing Ford Motor Company as you consider issues that are absolutely critical to this venerable American company and to the nation. In my judgment, there are two fundamental questions on the table today: • Is there a competitive and sustainable future for our domestic automotive...
Detroit Free Press (Free subscription) | 18/11/2008
Thank you Mr. Chairman, Senator Shelby and members of the Committee. I appreciate the opportunity to be here with you today representing Ford Motor Company as you consider issues that are absolutely critical to this venerable American company and to the nation. In my judgment, there are two fundamental questions on the table today: • Is there a competitive and sustainable future for our domestic automotive...
Detroit News (Free subscription) | 18/11/2008
WASHINGTON -- Ford Motor Co.'s President and CEO Alan Mulally will urge Congress to quickly move to support struggling domestic automakers, noting the significant restructuring the Dearborn automaker has already undertaken in testimony today before the Senate Banking Committee
Pumas Unleashed (Free subscription) | yesterday
When Did Congress Go Into The Banking Business? Before a House panel Wednesday were, from left, Rick Wagoner of G.M., Robert Nardelli of Chrysler and Alan Mulally of Ford. NYT Where is it written Congress is automatically the People’s Banking System available to corporations who have mismanaged their companies and are about to go belly up? [...]
TODAY ON ROADST3R - Car STORIES (Free subscription) | yesterday
With all of the hoo-hah over corporate aircraft flying about, let's take a look at the cost. It does add up to some big bucks. Big companies have to report the price tag for the corporate planes and other perks that they give to their executives. Last year, Ford CEO Alan Mulally racked up $752,000 for...
TommyWonk (Free subscription) | 18 hours ago
Over at the Guardian , I ask the question , "Is there anyone who had a worse week than the CEOs of the big three automakers?" Even in a week full of bad economic news, these guys had a rough time of it: Robert Nardelli of Chrysler, Rick Wagoner of GM and Alan Mulally of Ford came to Washington to make their case for a taxpayer bail-out, and left town empty-handed and with fewer friends...
BusinessWeek Online -- Auto Beat (Free subscription) | yesterday
With all of the hoo-hah over corporate aircraft flying about, let’s take a look at the cost. It does add up to some big bucks. Big companies have to report the price tag for the corporate planes and other perks that they give to their executives. Last year, Ford CEO Alan Mulally racked up $752,000 for use of the corporate plane, which his family also gets to use to ferry back and forth...
The Truth About Cars (Free subscription) | yesterday
If FoMoCo CEO Alan Mulally is disembarking The Blue Oval corporate jet and entering a Lexus, that’s one Big Ass story. Eddy and I aren’t sure. The headlight shape doesn’t look Ford like, but the wheels don’t look Lexian. Ed’s thinking maybe it’s a Cadillac DTS. I’m calling ABC News to try and get the [...]
Jonny Mac's Place (Free subscription) | yesterday
From the Washington Post - There are 24 daily nonstop flights from Detroit to the Washington area. Richard Wagoner, Alan Mulally and Robert Nardelli probably should have taken one of them. Instead, the chief executives of the Big Three automakers opted to fly their company jets to the capital for their hearings this week before the Senate and House -- an ill-timed display of corporate...
The Telegraph India (Free subscription) | 20/11/2008
Washington, Nov. 20: As many as 24 non-stop flights fly daily from Detroit to the Washington area. Richard Wagoner, Alan Mulally and Robert Nardelli, the chief executives of the Big Three automakers, probably should have taken one of them.
Mr_Blog's Left Turn (Free subscription) | yesterday
The CEOs of the Big 3 U.S. auto companies today assured Congress they have the ability to change to weather tough economic times. "We are not dinosaurs," Ford chief Alan Mulally said, scratching his tiny head with a floppy clawed metacarpal.
MavTV (Free subscription) | 20/11/2008
______ Our D-Bags of the the week are the CEOs of Ford (Alan Mulally), Chrysler (Robert Nardelli) and GM (Rick Wagoner). They were in Washington, D.C., on Tuesday begging the government for billions of dollars claiming that they’ll likely go out of business without a bailout. They got there by traveling in private, company owned, luxurious jets! [...]
The Galloping Beaver (Free subscription) | 20/11/2008
Chrysler Canada has asked Ottawa and Ontario for $1-billion in aid , as the "big three" in the US are attempting to hit up their taxpayers for $25-billion . US Ford CEO Alan Mulally took home $28 million in pay in 2007 while GM's Rick Wagoner struggled by on just $15.7 million. As a private company, Chrysler is not required to disclose the salary paid to its execs and CEO Robert Nardelli...
