Ford CEO: Turnaround Plan Is Progressing

Ford President and Chief Executive Alan Mulally reassured shareholders Thursday that the automaker's turnaround plan was on track and that it was investing in environmentally friendly technologies amid concerns about climate change.

Mulally, making his first appearance before company shareholders, said Ford was taking "painful but necessary steps" to streamline costs and bring more accountability to the company with the goal of building "more of the products that people really want and value."

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- Posted: 2007-05-11 10:10:51

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