Alan Mulally http://michiganradio.org en Mark Fields to take the place of Alan Mulally as Ford CEO http://michiganradio.org/post/mark-fields-take-place-alan-mulally-ford-ceo <p>All signs point to a big change at Ford Motor Company.</p><p>Although the automaker has not made an official announcement, there is much speculation today that CEO Alan Mulally is reportedly ready to retire before the year is out and COO Mark Fields will ascend to the top spot.</p><p>Michigan Radio's auto reporter Tracy Samilton joined us today.</p><p><em>Listen to the full interview above.</em></p><p> Tue, 22 Apr 2014 20:05:31 +0000 Stateside Staff 17313 at http://michiganradio.org Mark Fields to take the place of Alan Mulally as Ford CEO Ford CEO's pay up 11% to $23.2 million in 2013 http://michiganradio.org/post/ford-ceos-pay-11-232-million-2013 <p>DETROIT (AP) - Ford CEO Alan Mulally's compensation rose 11 percent to $23.2 million in 2013, as the company reported record profits in North America.<br /><br />Mulally earned $2 million in salary, the same as 2012. But he earned more in bonuses, at $5.9 million, and in stock and option awards, which totaled $14.7 million.<br /><br />The company's board said Mulally exceeded profit and cash flow targets. The company also earned a record pretax profit of $8.8 billion in North America.<br /> Sat, 29 Mar 2014 17:24:00 +0000 The Associated Press 17025 at http://michiganradio.org Ford CEO's pay up 11% to $23.2 million in 2013 Ford CEO Mulally says he's not leaving for Microsoft http://michiganradio.org/post/ford-ceo-mulally-says-hes-not-leaving-microsoft <p>DEARBORN, Mich. (AP) - Ford CEO Alan Mulally says he will not leave the automaker for Microsoft and will stay at Ford at least through 2014.<br /><br />Mulally is widely credited with saving Ford after being hired away from Boeing in 2006. But in recent months there have been numerous reports that he was in the running for the top job at Microsoft, where CEO Steve Ballmer has said he plans to leave the company sometime this year.<br /> Wed, 08 Jan 2014 00:48:07 +0000 The Associated Press 15925 at http://michiganradio.org Ford CEO Mulally says he's not leaving for Microsoft The dark side of Detroit's auto show: dreaded scrums http://michiganradio.org/post/dark-side-detroits-auto-show-dreaded-scrums <p align="LEFT">For the average person, there's a lot of "wow" at the North American International Auto Show.</p><p align="LEFT">But for reporters and auto company executives, that "wow" can sometimes be more like "ow."</p><p align="LEFT">Especially during the impromptu, free-for-all press conferences that are known as "scrums."</p><p align="LEFT">Problem is, nobody tells you what a scrum is <em>before </em>you attend your first Detroit auto show.</p><p align="LEFT">They all wait until it's too late to back out. It's almost a kind of hazing. Fri, 25 Jan 2013 15:44:44 +0000 Tracy Samilton 10937 at http://michiganradio.org The dark side of Detroit's auto show: dreaded scrums Mulally to stay put as Ford CEO through 2014 http://michiganradio.org/post/mulally-stay-put-ford-ceo-through-2014 <p>At least for now, Ford Motor Company has put to rest&nbsp;months - no, make that years - of intense media speculation about when its CEO Alan Mulally will leave the company.</p><p>Ford says the 67-year old executive,&nbsp;widely credited with saving the company, will NOT be leaving his position until at least the end of 2014.</p><p>Mulally, a 37-year veteran of Boeing, took the helm of Ford in 2006, as the struggling Detroit automaker faced the prospect of bankruptcy, like its rivals Chrysler and General Motors.</p> Thu, 01 Nov 2012 19:21:31 +0000 Tracy Samilton 9737 at http://michiganradio.org Mulally to stay put as Ford CEO through 2014 Mulally: "My plan is to continue to serve at Ford" http://michiganradio.org/post/mulally-my-plan-continue-serve-ford <p align="LEFT">Ford Motor Company CEO Alan Mulally says he has NOT told his company's&nbsp;board&nbsp;when he will retire-- contrary to recent media speculation.</p><p align="LEFT">Mulally's retirement date is an obsessively pursued story in the auto press.</p><p>Bloomberg, Reuters and the Wall Street Journal especially are all vying to be the first to get it right.</p><p align="LEFT">Bloomberg said last week that the Board of Ford Motor Company was poised to promote Mark Fields, Ford's President of the Americas.</p> Tue, 18 Sep 2012 21:52:31 +0000 Tracy Samilton 9137 at http://michiganradio.org Mulally: "My plan is to continue to serve at Ford" Bloomberg, Reuters trying to out-scoop each other on Ford succession story http://michiganradio.org/post/bloomberg-reuters-trying-out-scoop-each-other-ford-succession-story <div id="articleInfo"><p class="byline"><span id="articleText">Three days after Bloomberg was the first to break the news that&nbsp; Ford's Board may promote Mark Fields to Chief Operating Officer, and that CEO Alan Mulally is to retire at the end of 2013,&nbsp;Reuters' Bernie Woodall and Deepa Seetharaman report this:</span></p> Thu, 13 Sep 2012 18:38:32 +0000 Tracy Samilton 9076 at http://michiganradio.org Mulally leaving Ford? AP lists 3 reasons to worry, and 3 reasons to be hopeful http://michiganradio.org/post/mulally-leaving-ford-ap-lists-3-reasons-worry-and-3-reasons-be-hopeful <p>Henry Ford's great-grandson said it plainly to the <a href="http://www.boston.com/cars/news/articles/2012/09/12/at_ford_questions_remain_about_life_after_mulally/?page=full">Associated Press</a>... Ford Motor Company was once plagued by internal divisions that dragged the company down.</p><blockquote><p>"At the old Ford, you had heroes and villains," [Bill Ford Jr.] said. "Now, it's, `OK, where do we have issues and how do we solve them?'"</p></blockquote><p>Alan Mulally was brought in by Bill Ford Jr. in 2006 as Ford's new CEO.</p><p>Mulally has been credited with righting the ship. <a href="http://www.michiganradio.org/post/ford-motor-company-board-may-promote-mark-fields-announce-mulally-retirement-date">Michigan Radio's Tracy Samilton</a> wrote about how Mulally has changed things at Ford over the last six years.</p><p>She writes about how Mulally's retirement has been a point of speculation ever since he turned 65:</p><blockquote><p>...one question invariably&nbsp;comes up during media scrums at Ford Motor Company events. "When are you going to retire?" some reporter or other asks. Now that he's 67, the question is being asked even more frequently</p></blockquote><p>Yesterday, <a href="http://www.bloomberg.com/news/2012-09-11/ford-said-near-naming-fields-as-coo-in-mulally-succession-plan.html">Bloomberg News broke a story</a> about moves the company plans to make:</p><blockquote><p><span class="web_ticker">Ford Motor Co. (F)</span> directors are preparing to promote Mark Fields to chief operating officer from president of the Americas, a move that anoints him as probable successor to Chief Executive Officer Alan Mulally, according to a person familiar with the plan.</p></blockquote><p>Bloomberg writes Mulally is expected to retire at the end of 2013. Really? So far the company itself is mum.</p><p>But the retirement talk, has AP auto reporters <span id="byline">Dee-Ann Durbin and Tom Krisher <a href="http://www.boston.com/cars/news/articles/2012/09/12/at_ford_questions_remain_about_life_after_mulally/?page=full">writing about life at Ford after Mulally</a>.</span></p><p>They highlight six points about the company.</p><p>3 of which they say should worry investors, and three of which they say are encouraging signs. Thu, 13 Sep 2012 17:29:44 +0000 Mark Brush 9072 at http://michiganradio.org Mulally leaving Ford? AP lists 3 reasons to worry, and 3 reasons to be hopeful The man brave enough to take Alan Mulally at his word could be Ford's next CEO http://michiganradio.org/post/man-brave-enough-take-alan-mulally-his-word-could-be-fords-next-ceo <p>Ever since Ford CEO Alan Mulally turned 65, one question invariably&nbsp;comes up during media scrums at Ford Motor Company events.&nbsp; "When are you going to retire?" some reporter or other asks.</p><p>Now that he's 67, the question is being asked even more frequently -- even though the man is by all accounts healthy, extremely fit, and a&nbsp;fierce competitor on the tennis court and golf course - and even though he seems to&nbsp;relish his job.&nbsp;&nbsp;</p> Thu, 13 Sep 2012 16:07:33 +0000 Tracy Samilton 9070 at http://michiganradio.org The man brave enough to take Alan Mulally at his word could be Ford's next CEO Ford posts third consecutive annual profit despite speed bumps http://michiganradio.org/post/ford-posts-third-consecutive-annual-profit-despite-speed-bumps <p>Ford Motor Company posted its third consecutive annual profit last year.&nbsp;&nbsp;&nbsp;</p><p>It&rsquo;s another sign that&nbsp;the company&rsquo;s massive restructuring effort, which&nbsp;began in 2006,&nbsp;has returned the company to financial health.&nbsp;</p><p>&quot;This was our plan,&quot;&nbsp;said Ford CEO Alan Mulally.&nbsp;&nbsp;&quot;This is our vision of growing a great company for the good of all of us.&quot;<span style="display: none;">&nbsp;</span></p> Fri, 27 Jan 2012 18:29:00 +0000 Tracy Samilton 5979 at http://michiganradio.org Ford posts third consecutive annual profit despite speed bumps Ford quality issues easy to fix, says CEO Mulally http://michiganradio.org/post/ford-quality-issues-easy-fix-says-ceo-mulally <p>The CEO of Ford Motor Company says the company is well on the way to fixing quality problems in new Ford cars.</p><p>The problems resulted in a big drop in the rankings for Ford in Consumer Reports&#39;&nbsp;2011 reliability survey.</p><p>Customers are having&nbsp;problems with the company&rsquo;s My Ford in-car communication system.&nbsp;</p><p>Users found the touch screens&nbsp;hard to activate or they had to be rebooted frequently.&nbsp;&nbsp;</p><p>Consumer Reports&#39; David Champion&nbsp;said that&rsquo;s a safety issue, if people are so distracted by the problems that they take their eyes off the road.&nbsp;&nbsp;</p><p>The new transmission in the Focus and Fusion has glitches, too.&nbsp;</p><p>CEO Alan Mulally said both problems are software related.&nbsp;&nbsp;</p><p><em>&quot;So it&rsquo;s relatively easy and fast, to be able to make those improvements,&quot;</em> Mulally told Michigan Radio.&nbsp;<em> &quot;So we&rsquo;ve already started to incorporate that in the products that are in the field but also in the new products coming out.&quot;</em></p><p>Mulally said Ford began working on the issue a year ago, right after customers started complaining.&nbsp;</p><p>Ford fell from 10<sup>th</sup> to 20<sup>th</sup> place this year in the Consumer Reports reliability survey.</p> Thu, 27 Oct 2011 22:04:19 +0000 Tracy Samilton 4727 at http://michiganradio.org Ford quality issues easy to fix, says CEO Mulally Ford third quarter profits down a bit but still strong http://michiganradio.org/post/ford-third-quarter-profits-down-bit-still-strong <p>Ford Motor Company reports strong profits for the third quarter.&nbsp; The company made $1.6&nbsp;billion,&nbsp;despite a stagnant U.S. economy.&nbsp;&nbsp;&nbsp;</p><p>The company&#39;s&nbsp;profit was down&nbsp;a bit from last year, because of a charge related to commodities, not because sales have slowed.&nbsp;</p><p>Ford also reduced its debt by another $1.3 billion.</p><p>CEO Alan Mulally says the improved balance sheet -- and the new contract with the United Auto Workers -- will result in job growth over the next three to four years.</p> Wed, 26 Oct 2011 14:20:12 +0000 Tracy Samilton 4699 at http://michiganradio.org Ford third quarter profits down a bit but still strong Ford makes out big in the first quarter http://michiganradio.org/post/ford-makes-out-big-first-quarter <p>Ford Motor Company announced a profit of more than $2.5 billion in the first three months of the year.</p><p>That&#39;s the company&#39;s best quarterly performance since 1998.</p><p>Ford CEO Alan Mulally expects the rest of 2011 to be profitable as well - despite some headwinds like low U.S. consumer confidence and rising commodity and gas prices:</p><blockquote><p>&quot;Even though it&#39;s a slower recovery and the fuel prices are moving up, the demand is there and we are really pleased to have the product line that the consumers really do want and value.&quot;</p></blockquote><p>Mulally says he&#39;s &nbsp;optimistic that car sales will continue improving:</p><blockquote><p><br />&quot;In the automobile industry, the pentup demand is tremendous, you know the average age of car ownership is over ten years now.&quot;</p></blockquote><p>Mulally says Ford also improved its balance sheet by reducing its debt by another $2.5 billion in the first quarter.</p><p>Ford took out a huge loan in 2006 before the recession. &nbsp;That loan enabled the company to improve its cars during the economic downturn and avoid bankruptcy.</p><p>Since last year, the company has paid off $17 billion of debt. Tue, 26 Apr 2011 15:34:48 +0000 Tracy Samilton 2222 at http://michiganradio.org Ford makes out big in the first quarter