According to the man himself, Bill Ford is not ruling out a partnership or a sale. Both of these options would seriously help finance the company's restructuring plans.
Ford is proceeding with their Way Forward Plan in attempts to recover from the billions of dollars lost over the last few years. So far, over 45,000 jobs have been cut more than a dozen plants and facilities have been shut down.
Mr Ford, frustrated by the company's bureaucratic ways, went searching for a new leader. He approached Dieter Zetsche now DaimlerChrysler AG CEO and Nissan Motor Co. Ltd. and Renault SA CEO's Carlos Ghosn. Despite Ford's efforts, both men rejected the position of chief operating officer.
Allan Mullaly, recently appointed head of the FoMoCo, initially turned down the job but obviously reconsidered. Since his arrival, Ford has been able to raise $23.5 billion to bankroll its restructuring by mortgaging most of its automotive assets.
Bill Ford said that the best thing they could do was get their house in order. This certainly does not preclude anything that could occur down the road.
Ford is proceeding with their Way Forward Plan in attempts to recover from the billions of dollars lost over the last few years. So far, over 45,000 jobs have been cut more than a dozen plants and facilities have been shut down.
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| Allan Mullaly (left) and Bill Ford. |
Mr Ford, frustrated by the company's bureaucratic ways, went searching for a new leader. He approached Dieter Zetsche now DaimlerChrysler AG CEO and Nissan Motor Co. Ltd. and Renault SA CEO's Carlos Ghosn. Despite Ford's efforts, both men rejected the position of chief operating officer.
Allan Mullaly, recently appointed head of the FoMoCo, initially turned down the job but obviously reconsidered. Since his arrival, Ford has been able to raise $23.5 billion to bankroll its restructuring by mortgaging most of its automotive assets.
Bill Ford said that the best thing they could do was get their house in order. This certainly does not preclude anything that could occur down the road.