CEO Alan Mulally
has been named to President Obama's
export council. The council, which has been around since 1973, has been tasked with increasing exports by 50 percent within five years. Mulally will be one of the 28 private sector members of the council, which consists of industry leaders and politicians. Ironically, Mulally will report to Boeing CEO W. James McNerney Jr. who edged out Mulally for the top spot at Boeing right before Mulally left his employer of 37 years for the top spot at Ford
Mulally and company will be working trade equality in a world where countries like China are accused of manipulating currency to better position their products against those made here in the States. Other countries like South Korea are far more closed to imports than the U.S. market. Despite these challenges, exports during the first four months of 2010 are up by 17 percent compared to the same period in 2009.
[Source: Detroit News
| Image: William Thomas Cain/Getty]