Ford CEO Alan Mulally Awarded $58.3 Million In Company Stock

Ford CEO Alan Mulally Awarded $58.3 Million In Company Stock
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Ford CEO Alan Mulally has been awarded shares of stock worth $58.3 million in value for his key role in the automaker’s turnaround in 2009. According to filings with the U.S. Securities and Exchange Commission, this top executive award is part of an incentive plan that’s tied to Ford’s 2009 performance. Mulally hit nearly all… Continue Reading...

Ford Lays Groundwork For CEO Succession

Ford Lays Groundwork For CEO Succession
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Ford CEO Alan Mulally isn’t on his way out, though succession plans are being considered according to a top Ford executive. Mark Fields, Ford‘s president of the Americas, emphasized the importance of developing a succession plan, despite there being no plans for Mulally’s retirement. Fields, who is one of the candidates to move into the… Continue Reading...

Ford’s Search For CEO Successor Is Underway

Ford’s Search For CEO Successor Is Underway
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Ford is currently denying reports that an external CEO successor search is underway, but it appears that Ford Chairman Bill Ford Jr. discussed the possibility to “survey the external environment for potential candidates as a regular course of action.” We reported earlier that Four currently has four candidates internally to succeed Alan Mulally, Ford’s current… Continue Reading...

Ford Has Four Possible CEO Contenders To Succeed Alan Mulally

Ford Has Four Possible CEO Contenders To Succeed Alan Mulally
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The replacement for Ford‘s current CEO Alan Mulally will likely come from within, and four contenders have come out on top despite no realistic timeline for someone to replace Mulally. Those four contenders include Mark Fields, the president of the Americas and current frontrunner (age 50), current CFO Lewis Booth (age 63), Jim Farley, group… Continue Reading...

Ford May Build Electric Cars In China

Ford May Build Electric Cars In China
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Ford may begin building electric cars in China via joint ventures with Chinese auto makers, replicating the tactics of rivals like General Motors and Daimler AG, parent company of Mercedes-Benz. China is looking to add 1 million EVs by 2015 as part of an effort to curb emissions and the dependence on fossil fuels. Ford… Continue Reading...

Ford Begins 2011 Contract Negotiations With UAW

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Ford Begins 2011 Contract Negotiations With UAW
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Ford is opening the floor to 2011’s contract negotiations with the United Auto Workers—which always ends in suspense. Will the UAW walk away in anger? Will they threaten a strike? Will Ford shut down a couple more plants and idle production for months on end? Or will the ghost of Henry Ford send in the… Continue Reading...

Ford CEO Alan Mulally Named “2011 Chief Executive of the Year”

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Ford CEO Alan Mulally Named “2011 Chief Executive of the Year”
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Ford‘s success streak rolls on, with the latest good news for the automaker coming as recognition of its leadership by Chief Executive magazine. The publication has announced Ford boss Alan Mulally is its 2011 CEO of the Year. Nominated by magazine readers, the top 10 picks were then chose and the title decided by a… Continue Reading...

Ford Targets 50% Sales Boost Says CEO Mulally

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Ford Targets 50% Sales Boost Says CEO Mulally
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Things have been going well for Ford over the past few years with increased profits, sales and market share, but you haven’t seen nothin’ yet says CEO Alan Mually. Speaking this morning on CNN’s American Morning, Mulally said the automaker is looking to increase sales globally by an incredible 50 percent. The plan to achieve… Continue Reading...

Bill Ford, Jr. Hints Mulally’s Successor Will Likely Come From Within Ford

Bill Ford, Jr. Hints Mulally’s Successor Will Likely Come From Within Ford
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The next CEO of Ford Motor Co. probably will be a company insider, Executive Chairman Bill Ford Jr. said Friday. The current Ford CEO is 65-year old Alan Mulally who is still performing and has no plans of retiring just yet. Ford Jr.also explained that it would be “very unusual” if Mulally’s replacement came from… Continue Reading...

UAW May Negotiate With Detroit Automakers Simultaneously

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UAW May Negotiate With Detroit Automakers Simultaneously
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UAW President Bob King said that the union may abandon their tactic of targeting one automaker during contract negotiations and negotiate with Chrysler, Ford and General Motors at the same time. The UAW previously targeted one automaker during negotiations and used that to set an example for the others. However, King says that the relationship… Continue Reading...

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation

UAW Head Bob King Slams Ford CEO’s $56.5 Million Compensation
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UAW chief Bob King slammed Ford CEO Alan Mulally’s $56.5 million stock package, claiming that “I don’t think any human being in the world deserves that much money.” While certain to raise the ire of Ayn Rand fanatics everywhere, King is amping up the rhetoric ahead of the United Auto Workers “bargaining conference” where strategies… Continue Reading...

Fiat 500 Will Fail, Says Ford CEO Alan Mulally

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Fiat 500 Will Fail, Says Ford CEO Alan Mulally
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For all the hype surrounding the Fiat 500, Ford‘s CEO, Alan Mulally, has become one of its most prominent detractors, condemning the car to failure before it’s even launched. Speaking to the Italian language magazine Panorama, Mulally remarked “I do not see large market in the U.S.A. for a smaller car than the Fiesta. Those that tried… Continue Reading...

Ford CEO Mulally Fights for Underdog, Promotes Weight Savings

Ford CEO Mulally Fights for Underdog, Promotes Weight Savings
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Finally, somebody in top brass gets it. When CEO Alan Mulally oversaw the development of the Explorer upon taking charge of Ford in 2006, he ordered engineers to cut weight and improve fuel economy, or kill the Explorer altogether. “Alan told us we need to truly reinvent the Explorer,” said product development chief Derrick Kuzak…. Continue Reading...

Ford CEO Alan Mulally: Composites Too Expensive, Steel More Important

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Ford CEO Alan Mulally: Composites Too Expensive, Steel More Important
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Ford CEO Alan Mulally told an audience that he finds it difficult to justify the cost of composite materials like carbon fiber, and that steel and alloys still have a place in automotive production. “We cannot make a business case for composites in the auto industry,” Mulally, formerly CEO of Boeing, said after a speed… Continue Reading...

Ford Likely to Keep Two-Thirds of Mercury Customers, But Will They Go to Lincoln?

Ford Likely to Keep Two-Thirds of Mercury Customers, But Will They Go to Lincoln?
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While Ford‘s decision to cut the Mercury brand from its lineup makes good business sense, the long term benefits come with a more immediate down side. In an increasingly competitive market, by eliminating the Mercury brand Ford is also potentially eliminating 92,299 sales. According to Edmunds.com CEO Jeremy Anwyl, Ford should keep roughly two-thirds of… Continue Reading...

Ford Posts $2.1 Billion Profit

Ford Posts $2.1 Billion Profit
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Ford posted a $2.1 billion profit for this quarter, beating market expectations by a full year despite a lull in the new vehicle market. Ford has undergone a series of cost-cutting measures, including plant closures and layoffs, but has also introduced a torrent of new product in nearly every segment. Ford hasn’t earned $2 billion… Continue Reading...
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