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March 7, 2021
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FORD EXECUTIVES
(2008-01-09)
(wgvu) - FORD CHIEF EXECUTIVE SAYS THE COMPANY'S
RECENT STOCK SLIDE IS JUST A REFLECTION OF U.S. ECONOMIC UNCERTAINTY AND WON'T CHANGE THE COMPANY'S RESTRUCTURING PLAN.
ALAN MULALLY SAYS FORD HAS FINANCING IN PLACE TO WEATHER AN ECONOMIC
DOWNTURN AND ITS RESTRUCTURING PLAN IS FLEXIBLE ENOUGH TO ADJUST
PRODUCTION TO A DECLINING MARKET.
FORD'S STOCK SLID TO $6 PER SHARE LAST WEEK, A 22-YEAR LOW.
DESPITE DETERIORATING U.S. ECONOMIC CONDITIONS, MULALLY SAYS THE
COMPANY STILL PLANS TO RETURN TO PROFITABILITY IN 2009.
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