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FORD STATEMENT ON TRANSFORMATION PLAN

June 12th, 2009 • Filed Under•150 views

FORD STATEMENT ON TRANSFORMATION PLAN

By Ford Motor Company
DEARBORN, Mich., June 11, 2009 – Ford President and CEO Alan Mulally today commented that, as part of Ford’s transformation plan, the company remains committed to improving the balance sheet and reducing debt.

The company, however, has no current plans to issue additional equity. Mr. Mulally’s comments were intended to reflect the company’s ongoing and long-term transformation plan, which remains centered on:

* Aggressively restructure to operate profitably at the current demand and changing model mix
* Accelerate the development of new products that customers want and value
* Finance the plan and improve the balance sheet
* Work together effectively as one team, leveraging Ford’s global assets

Ford President and CEO Alan Mulally

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