He hoped that his successor Mark Fields and his team would remain focused on One Ford plan. "My advice to him will be to stay on the one Ford plan. This transformation is the biggest one in the history of Ford", said Alan.
President and CEO of Ford Motor Company Alan Mulally, who is set to retire on July 1 after a remarkable 8-year stint in one of world's leading auto brands, expressed confidence on the One Ford plan and indicated that the strategy would continue to pay dividends.
He hoped that his successor Mark Fields and his team would remain focused on One Ford plan. "My advice to him will be to stay on the one Ford plan. This transformation is the biggest one in the history of Ford", said Alan.
Mulally said the company had made India its export hub. "We are exporting vehicles to 50 countries and this will increase over time", he said adding," India is an export hub, because our operations are great here, our quality is great and so is our efficiency."
He pointed out that volumes in the Indian car market would grow to seven million units in the next few years from about 3 millions now and Ford saw greater opportunity to serve the Indian market with its best-in-class products.
Explaining seven key changes effected during his regime, which saw Ford coming out of debt crisis and transforming into a profitable brand, he stated that Ford had doubled its dividends after repaying its 23.5 billion debt. It has also funded all its future product development activities.
When Alan Mulally took over Ford, the carmaker was riding a rough road, facing a loss of 17 billion dollars. He undertook a massive restructuring, focusing on building the brand, and maintaining quality. While he is signing off on July 1, he says he hasn't decided his next move. "I haven't decided yet. My only focus is on this transition,"told the 68-year-old American. He visited the global multinational's India plant near Chennai, today, bidding goodbye to employees.
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