Ford appoints Boeing executive as CEO

You know the American car industry is hurting when Ford Motor Company appoints Alan R. Mulally, a top executive at Boeing Company, to be its CEO and president. Although Bill Ford held onto the Chairman title, he relinquished the majority of his power to someone who has never worked in the auto industry, but who is familiar with aircraft instead. This has only been done by one company before, Fiat, of Italy, and they made the transition fairly recently. Who knows what will happen in the coming years; either Ford will continue to lose its ground in the industry or they will somehow miraculously recover from the major pitfalls they've experienced in the past 5 years or so.

I personally don't think you can fix what both Jacques A. Nasser (two CEO's ago) and Bill Ford have done with the company. Ford cars are pieces of crap; just ask anyone who owns one and they'll tell you. They're in the shop more than they're on the road, and have become a disgrace to the auto industry. I hate to see such a great company go down the drains so much so that Toyota was able to overcome them in US auto sales, to be the number two selling car company in the country, behind GM. I hope Mulally can work his magic as he did with Boeing, and can turn around America's car company. [Source: http://www.nytimes.com/2006/09/06/business/06ford.html?th&emc=th]