We've heard lots of rumors running around the automotive industry lately of CEO and Chairman Bill Ford Jr.'s recruiting efforts — both Renault/Nissan's Charles Ghosn and DaimlerChrysler's Dieter Zetsche turned him down. The one burning question this raises: is Ford looking to find his own replacement? He gave his answers — sort of — in front of journalists yesterday.

"Part of it's going to be how the board and I feel like things are going. Part of it's going to be who else is available. Part of it's going to be if I'm exhausted and can't do any more. There are a lot of things that play into this. Right now, I'm very energized by what we've got going."

Ford also mentioned wanting to spend more time with his family.

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