Ford President: After Economic Drop, 'The World ... Came Undone'
Despite widespread criticism that Detroit automakers had been making poor business decisions for years leading up to the current auto industry crisis, Ford Motor Co. never saw it coming, Ford president and CEO Alan Mulally said today.
"If everybody can remember, we had gotten back to profitability in the first quarter of this year," Mulally told "Good Morning America."
"And then, the world, for all of us, came undone with the slowing economy and the banking and credit crisis. None of us ever... Full Story
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