Ford CEO Hopes for Industry Recovery in 2009

Tuesday, 16 Dec 2008 | 5:23 PM ET

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.

Ford in Focus
Of the three U.S. automakers, Ford's case to Congress for federal funds is more of a safety net than an immediate need. Ford CEO Alan Mulally discusses his company's road ahead with CNBC's Phil LeBeau.

Still, Mulally said Ford's 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.

More From CNBC.com

  Price   Change %Change


Contact Autos


    Get the best of CNBC in your inbox

    › Learn More