The Ford Motor Company was the only one of the big three auto makers that didn't take a government bailout in 2009. That decision proved wise, because they were able to bounce back on its own. The company's stock, which might be in your IRA or 401k, is up by about 780% since then.
Much of that success can be attributed to the fact that in 2006 the Ford founding family brought in a man named Alan Mulally, from Boeing, to run the company. Mulally, an engineer by training, took drastic steps. Ford has now been profitable for two years, and today it's unveiling a plan to increase sales by 50% in less than four years, mainly by growing in Asia and by selling more small cars than SUVs.
On American Morning this morning, Alan Mulally, CEO of Ford Motor Company, discussed the company's incredible turnaround and his bold plan for expansion.