Ford's Mulally on Fed Assistance

November 7, 2008
Ford rang in with perhaps the most positive statement of the Big Three after a closed meeting with U.S. Congressional Leaders Nancy Pelosi and Harry Reid yesterday. Despite a reported $3 billion third-quarter loss just reported, Alan Mulally, president and CEO of Ford, followed the meeting with bold statements likely buoyed by recent strides in reliability that has put the automaker neck and neck with Japanese brands like Toyota and Honda.

"We are absolutely committed to delivering safe, affordable, quality, fuel-efficient vehicles that Americans want and value. Ford is delivering quality that is now on par with Honda and Toyota and our new Fusion hybrid will have better fuel mileage than the Toyota Camry hybrid," said Mulally yesterday evening.

While he did reference the current economic and credit crises, calling them "significant challenges that are dramatically affecting consumer demand for automobiles," his message stayed largely positive as he looked to the future, applauding Pelosi and Reid's commitment to the U.S. Auto Industry and promising to work with them to "continue our transformation to greater fuel efficiency and to help protect jobs."--Colin Mathews

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