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Ford CEO Hopes for Industry Recovery in 2009
Topics:Economy (U.S.) | Economy (Global) | CEOs and CFOs | Transportation | Automobile Industry
Sectors:Automobiles and Parts
Companies:Ford Motor Company
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Alan Mulally, CEO of Ford Motor, said he sees signs that the auto market has stabilized and hopes for an industry recovery in the second half of 2009.
Still, Mulally said Ford's [F
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] December sales have been the weakest in nearly 35 years. “Just through December, it’s just about the same sales we’ve had for October and November," he said. (Watch the accompanying video for the full interview...)
Mulally cited a lack of credit availability for consumers as the main impediment to sales.
“You take the economy, you take employment and consumer confidence and also not being able to get credit…it’s what’s keeping our customers away,” he said.
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