Ford CEO Alan Mulally on Capitol Hill

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Analysis:

Ford CEO, Alan Mulally, testifies on Capitol Hill in an effort to convince Congress that ... (read more)

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Submitted By:

Josh370

Date and Time:

Friday December 05th 2008 04:47 PM

Tags:

Bailout Ford Mulally

Categories:

Finance: Wall Street



Analysis

Ford CEO, Alan Mulally, testifies on Capitol Hill in an effort to convince Congress that although Ford may need some money ($9 billion to be exact) to avoid bankruptcy, they have already made all the necessary improvements to their business model to remain a market leader. The Believability Meter isn't so sure. Mulally draws red on a number of statements, especially regarding Ford's supposedly renewed focus on customer satisfaction and fuel efficiency. These may be coming up as questionable because Mulally is only paying lip service to "green" cars and American consumers in order to get federal money, but it's also interesting to note that the Believability Meter doubts his claim that the UAW has been helpful in negotiating labor terms to "close the competitive gap," between Ford and non-unionized auto manufacturers. Would you buy a used car from this guy?

 

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Posted by tinkerme Rating: +0 December 6, 2008, 08:36 PM

Please!!

Posted by Computhunder Rating: +0 December 7, 2008, 11:44 AM

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