Mulally says Ford in a "race against the clock"

Ford's CEO Alan Mulally admitted in an interview with Automotive News that the Blue Oval's future is uncertain and that, after 14 months on the job, he is still unsure about when the company will turn the corner. With all of Ford's assets – right up to the automaker's shiny logo – mortgaged and potentially on the block, the former Boeing head is regularly asked if Ford will make it out the other side. His answer: "Don't know – race against the clock. Are we working on the right things? Absolutely... Do we have enough time? No idea."

The AN piece is peppered with a number of unanswered questions, ranging from what will happen if the automaker isn't turning a profit by 2009 and what could happen when the mortgaged money runs out. Although the tone of the interview has an air of desperation, Mulally gives the impression that both a plan and the troops are organized and making headway. When it begins to show, however, remains to be seen.

[Source: Automotive News – Sub. Req.]

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