June 7th, 2011
09:06 AM ET

Ford's CEO explains ambitious expansion plan

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.

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Filed under: Business • Economy
soundoff (16 Responses)
  1. Anthony's Case Posts

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    June 7, 2011 at 9:14 am | Report abuse |
  2. Pink Panther

    Interesting that the Company who *doesn't* take the bail out is Profiting with a wider margin than those who did tatke the Governments or (our money) bailout. Opps , probably the (funny money) was used... but that's another story. Nice to see good old fashion hard work and brain power behind such a company.

    June 7, 2011 at 9:21 am | Report abuse |
    • John in Toronto

      Didn't Ford arrange their loans before the bailout? Thus they did in effect get a "bailout" .

      June 7, 2011 at 1:45 pm | Report abuse |
  3. Joey Isotta-Fraschini

    Yep. Dependency procreates failure.
    I have not bought an American
    car since 1983. It was a Ford station wagon and cutely began to fall apart almost as soon as it got into my driveway. Maybe it didn't like the house.
    Since then, I've had cars from Germany or Ja-
    That Ford was my country's last chance with me.

    June 7, 2011 at 9:39 am | Report abuse |
  4. €Engleberthumperdink¥£

    @ACP, and then?

    June 7, 2011 at 9:58 am | Report abuse |
  5. €Engleberthumperdink¥£

    @Issotta: I once bought a used Audi. Fastest car I ever owned. Great German engineering. Problem-it was a lemon. I will bet you a dime to a donut that if you bought a Ford Taurus or Ford Fusion today, you would be content beyond words.

    June 7, 2011 at 10:06 am | Report abuse |
  6. Pink Panther

    @ Joey, man you said a mouth full. LMAO. America needs to put some BITE on there products. No more pride and time spent building quality products. "lets just a a profit and screw the customer at the same time any way we can" That's the American motto of todays generation.
    BTW @ Englebert , He was a mans MAN. Good name choice

    June 7, 2011 at 10:07 am | Report abuse |
  7. Joey Isotta-Fraschini

    @ Engelbert:
    I know people who had problems with Audis, too. I never had one.
    Mercedes makes great cars. Hondas run on rice and nothing ever goes wrong.
    I've had friends who bought Jaguars: beautiful, don't run far.

    June 7, 2011 at 10:22 am | Report abuse |
  8. Pink Panther

    Audis SUCK

    June 7, 2011 at 10:28 am | Report abuse |
  9. Old Henry Ford...

    ...would roll in his grave if he knew Ford, just like GM and Chrysler, depend on military contracts to survive. (not counting bailouts)

    June 7, 2011 at 11:01 am | Report abuse |
  10. CSnSC

    I'll buy a new ford if they make a brand new 1972 Bronco Sport

    June 7, 2011 at 11:25 am | Report abuse |
  11. Amazed

    Unbelievable the ignorance of some of the people who post on here. Today's Ford is a completely different company than it was in the past. If you took the time to read reviews, look at the quality and Safety statistics you may be surprised to learn where they now stand. Go test drive one, then talk.

    June 7, 2011 at 2:36 pm | Report abuse |
  12. C Davis

    Can CNN stop being a Scandal Station
    Enough is enough on Weiner

    June 7, 2011 at 3:02 pm | Report abuse |
  13. CSnSC

    @ C Davis: Thats the Honorable Anthony "Coctail" Weiner to you

    June 7, 2011 at 4:15 pm | Report abuse |
  14. sandyk

    my first car was a Ford and we own a Ford truck and a Taurus now. But I also have my `baby` a Datsun 260Z and my beloved has his Jeep. Will probably always buy Fords and was proud they didnt need a hand out.

    June 7, 2011 at 8:23 pm | Report abuse |
  15. unemployed

    Nice to see that Ford is doing well. Now if they would just bring the few hundred workers that they still have on layoff back to work.

    June 8, 2011 at 10:20 am | Report abuse |