Bill Ford Jr.

Auto
12:11 am
Mon July 29, 2013

Henry Ford at 150

Henry Ford with Model T in Buffalo, NY, 1921
Image from the Collections of The Henry Ford

Ford Motor Company celebrates the 150th anniversary of the birth of Henry Ford this week.

Bill Ford, Jr. is Henry Ford's great-grandson, and Executive Chairman of the company

Ford says the founder would have been pleased that his company is still a family business, 150 years later.

“I know Henry Ford would have been incredibly proud of the way his grandchildren led the company through the most difficult times,” says Ford

Ford Motor Company took out a $24 billion loan in 2006, using its trademark blue oval as part of the collateral.

Economy
3:38 pm
Thu December 13, 2012

Stateside: Where Michigan stands in the fiscal cliff

Does this resemble the 'cliff' we are fast approaching?
wikimedia commons

Stateside talks fiscal cliff

With the approaching "fiscal cliff" comes the concern of protecting Michigan’s businesses.  

We spoke today with Susan Tompor of the Detroit Free Press about the fiscal cliff.

Tompor noted that many companies are not laying off their workers.

“Back in November we had Ford Executive Chairman Bill Ford Jr. state that it was vitally important that they work on this bipartisan agreement for the economy. When you’re selling big-ticket items, it’s a key issue. Will consumers need to cut back if we got over the fiscal cliff? Right now, according to Mark Zandi [Chief Economist, Moody’s Analytics], he doesn’t see that companies are cutting back. The reason is that it would be costly to lay off workers now to prepare for what might be a temporary problem. Instead Zandi said that, overall, businesses are more likely to cut back on investing in heavy equipment as a stop-gap measure,” said Tompor.

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Auto
3:21 pm
Thu November 1, 2012

Mulally to stay put as Ford CEO through 2014

Ford CEO Alan Mulally and Executive Chairman Bill Ford, Jr.
Credit Ford Motor Company

At least for now, Ford Motor Company has put to rest months - no, make that years - of intense media speculation about when its CEO Alan Mulally will leave the company.

Ford says the 67-year old executive, widely credited with saving the company, will NOT be leaving his position until at least the end of 2014.

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.

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