By on October 2, 2008

If that’s true, if federal bailout billions can’t regrease the palms wheels of the American auto industry, this sucker will grind to a halt before that most magical of years, 2010. I mean, is Big Al for real? Can Ford really have enough cash money to weather that kind of downturn– which is, let’s remember, getting worse. “The downturn is longer and deeper than we foresaw a year ago,” Mulally admitted to Automotive News [sub]. But Ford “had the liquidity to deal with it.” HAD? Mulally told AN that The Blue Oval Boyz have “a good small car collection that would give it a global product line-up to cater to the various markets, in the United States, Europe and Asia, where customers now were asking for these vehicles.” GOOD? WOULD? I know Mulally’s a low-key kinda guy. But I reckon Ford’s catastrophic U.S. market share/sales slide and European cutbacks (a 10 to 15 percent production reduction for starters) require a more Churchillian response. “Continuous effort – not strength or intelligence – is the key to unlocking our potential.” Uh, maybe not… Anyway, speaking to The Wall Street Journal, Mulally ruled out a Chapter 11 filing. Or is that “positioned himself in a non-bankruptcy-related context?” Exact words: “Bankruptcy “is not in our consideration.”

Get the latest TTAC e-Newsletter!

3 Comments on “Quote of the Day: Ford CEO Alan Mulally: “2009 is not going to be better than 2008″...”



Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: Toyota May Kill V6 Camry

    VoGo - 28-cars-later, I hear you, but why should Toyota offer you a V6 Camry for 27K, when they can force you into a 37K EZ or a 32K Avalon? If the rest of the market is...
  • Re: Toyota May Kill V6 Camry

    jc130 - “Fans of the Toyota Camry…” Now there’s a straw man for you.
  • Re: Junkyard Find: 1986 Buick Somerset

    PrincipalDan - My high school best friend had one in the early 1990s. Came off the “budget” lot at the Car Dealer his Dad was a salesman at. The trunk had...
  • Re: Toyota May Kill V6 Camry

    bomberpete - The 75-77 Buick V-6 had uneven crankshaft firing, but they improved it considerably in 78-79. We must have been lucky, because that 78 Century accelerated smoothly if...
  • Re: Toyota May Kill V6 Camry

    sirwired - Can a modern V-6 provide tons of power with pretty decent economy given the power produced? Sure! But the power (and certainly the economy) of a modern Turbo-4 (and...
  • Re: Toyota May Kill V6 Camry

    CoreyDL - I rarely see V6 Camry models. I see V6 Accords very often. If you’re gonna spend the change on a V6 Camry, might as well just jump to the Avalon. There’s a...
  • Re: Toyota May Kill V6 Camry

    Frantz - Well “no” isn’t very accurate as I both acknowledged the redesign as a variable and I also correctly stated my observations on the sales floor. More...
  • Re: Piston Slap: The Express’ New Mission?

    PrincipalDan - (Note: I’m not really a narcissist; a Celebrity 208 cc was my first boat.) Man, I thought your first car was a Celebrity. (Had no idea what the...
  • Re: Reader Review: 2014 Mazda6

    Wraith - Edmunds actually made a post about the 3′s road noise as part of their long term road test: http://www.edmunds.com/mazda/m azda3/2014/long-term-road-t...
  • Re: Toyota May Kill V6 Camry

    28-Cars-Later - “When properly maintained” There is about as much chance of that happening with mainstream buyers as their is changing the S/C oil.

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India