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The 2013 Ford Taurus. (Ford Motor Co.)
Ford Motor Co. unveiled a more fuel-efficient version of its flagship sedan, the Taurus, aimed at attracting consumers sensitive to rising fuel prices.
The 2013 Ford Taurus is expected to get at least 31 miles per gallon on the highway and can be outfitted with two different types of engines, Ford executives said at an event linked to the New York auto show. Get the full story »
Ford Motor Co. Chief Executive Alan Mulally’s total compensation rose 48 percent to $26.5 million in 2010 when the automaker reported its best net profit in a decade. Get the full story »
Alan Mulally, CEO of Ford Motor Co., presenting the new Ford Sync system in Germany earlier this month. (Gallup/Getty)
United Auto Workers President Bob King went on the attack at the lucrative pay package of the Ford Motor CEO, saying it was ‘morally wrong’ that Mulally received stock worth about $54.5 million from the company.
“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,“ said King, speaking to reporters during a three-day union convention in Detroit. King’s remarks come as the union prepares for the first set of labor negotiations with U.S. automakers since the bankruptcies at General Motors and Chrysler Group. Get the full story »
Ford Motor Co. has rewarded CEO Alan Mulally with stock worth $56.5 million before taxes.
From Bloomberg News | Ford Motor Co. Chief Executive Officer Alan Mulally said the second-biggest U.S. carmaker may reduce its product lineup to as few as 20 models. Get the full story »
President Barack Obama is scheduled to unveil a report Wednesday showing the U.S. is on track to double exports in the next five years and name the chief executives of United Parcel Services Inc., Walt Disney Co., Pfizer Inc. and other firms to a presidential advisory board on trade issues.
Other large, publicly trade companies that will be represented on the council include Metlife Inc., UAL Corp., Dow Chemical Co. , Ford Motor Co. , Verizon Communications Inc. and Archer Daniels Midland Co. Get the full story »
