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Ford Plans to Survive
Good news from Ford: the manufacturer has announced to the shareholders that everything is under control and the company is going to come out of hard economic position by 2011 without any government help.
The company meeting was held yesterday, on May 14. Ford officials sounded confident about their actions. According to Bill Ford, company Executive Chairman, there have been many changes, but in the light of the latest crisis events they have been “overshadowed”.
Chief Executive, Alan Mulally, supported him, saying, “We are confident that we will not only survive this downturn, but that we will emerge as a lean, globally integrated company poised for long-term profitable growth.”
As for now the automaker keeps losing money because of the low sales. In the last three years Ford lost about $30 billion, half of which was done within 2008. However the officials say they are controlling everything and although the first quarter of the year was not as good, the company really hopes to turn out all right by 2011.
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