Green Partnership with the U.S. Department of Energy

Today, U.S. Department of Energy Secretary Steven Chu announced that Ford has been approved for the Advanced Technology Vehicles Manufacturing Incentive Program. These are the loans that Congress authorized in conjunction with the 2007 Energy Independence and Security Act.
Seventy-five companies applied for these loans and we all should be proud that Ford Motor Company is one of the first automakers deemed by the government to be among the best companies with the best technologies in American manufacturing and fuel efficiency.
This green partnership with the U.S. government will help us accelerate the development of advanced technologies for even better fuel-efficiency and emissions.
As you well know, we are absolutely committed to fuel economy leadership with every new model we introduce. In fact, we are investing nearly $14 billion in advanced technology vehicles in the next seven years alone. Our partnership with the Department of Energy also will help retool our U.S. plants more quickly to produce fuel efficient vehicles and meet new, rigorous fuel-economy requirements.
In addition, this investment will provide our dealers with a complete product lineup of fuel-efficient vehicles using a variety of technologies to help meet the future needs of consumers.
We remain committed to providing fuel-efficient, high-quality vehicles to consumers across our entire product lineup and this is another step toward achieving that objective.
Thank you for your business and support.

Kelly Blue Book announces BEST Redesigned Vehicle

December 10, 2008
IRVINE, Calif. — Kelley Blue Book announced the winner of its 2009 Best Redesigned Vehicle award, and receiving the accolade was the Ford F-150, which was honored for the second time. Since the award started in 2004, Ford models have taken it three times. Meanwhile, Chevrolet's Silverado and Malibu won in 2007 and 2008, respectively, and the Honda Civic received honors in 2006. "The all-new 2009 Ford F-150 doesn't just haul and tow more, it also does it better than its best competitors while still being comfortable and quiet on the highway and easy around town," commented Jack Nerad, executive editorial director and executive market analyst for Kelley Blue Book and Kbb.com. "The multitude of options available on the new F-150, from three cab styles, four box options, seven trim levels, three V8 engine choices, combined with cool features like a SYNC/Sirius/Sony infotainment suite and integral tailgate step, helps to crown it our 2009 Kelley Blue Book Best Redesigned Vehicle," he continued. The Best Redesigned Vehicle award is designed to honor "improvement and superiority" in a specific model compared to its predecessor. Editors evaluated candidates for exterior and interior styling, technology, comfort and convenience features, performance/capability, driving dynamics, safety, fuel economy, overall refinement and value. In addition to the F-150, other finalists included the Acura TL, Acura TSX, Audi A4, Dodge Ram, Honda Fit, Mazda6, Nissan Maxima, Nissan Murano and Subaru Forester. "We were so impressed with the 2009 Ford F-150, we'd go so far as to say it isn't just a great truck, it's a step forward for what a vehicle can be," Nerad added. "Imagine a truck that can help you keep track of your tools and keep you aware of where your employees are, and you can see that the new F-150 brings with it world-class innovation." The complete list of Best Redesigned Vehicles since 2004 is as follows: 2009: Ford F-150 2008: Chevrolet Malibu 2007: Chevrolet Silverado 2006: Honda Civic 2005: Ford Mustang 2004: Ford F-150 "Each year, redesigned vehicle models improve with more standard features and exciting options, giving consumers great choices when it comes to shopping for a new car," Nerad pointed out. "These days, it's tough to find a new vehicle in any category or price-point that isn't up to par, so choosing a vehicle as the year's Best Redesign is a great challenge," he concluded.

Ford, with help from Volvo, tops safe car list

By KEN THOMAS, Associated Press Writer Ken Thomas, Associated Press Writer Tue Nov 25, 7:49 am ET
WASHINGTON – The insurance industry named dozens of new cars and trucks, led by Ford Motor Co. and its Volvo subsidiary, to its annual list of the safest vehicles Tuesday, helped by the increased use of anti-rollover technology.
Ford and Volvo had 16 vehicles in the 2009 model year on the Insurance Institute for Highway Safety's list of the safest new cars, followed by Honda Motor Co. with 13 vehicles.
Seventy-two cars, trucks and SUVs received the top safety pick designation for 2009, more than double the number of vehicles in the 2008 model year and three times the number in 2007.
"The sheer number of this year's winners indicates that automakers have made huge strides to improve crash protection," said Institute president Adrian Lund.
The selected vehicles are the best in protecting people in front, side and rear crash tests based on institute evaluations during the year. The vehicles are required to have electronic stability control, or ESC, to qualify for the award.
IIHS said electronic stability control is now standard equipment on virtually all new SUVs and three-quarters of passenger cars for the 2009 model year. ESC is standard on more than one-third of 2009 pickups.
Ford was led by the Ford Fusion and Mercury Milan midsize cars with optional ESC; the Ford F-150 pickup, Ford Edge and Ford Flex midsize sport utility vehicles; and the Ford Escape and Mercury Mariner small SUVs. The list also included the Mazda Tribute, which has the same underpinnings as the Escape and Mariner.
Ford CEO Alan Mulally argued last week in Washington that the automaker had made safety strides when he testified along with other Big Three executives seeking massive government aid.
"Every year, we're going to improve the quality, we're going to improve the fuel efficiency, we're going to improve the safety, and we're going to keep improving the productivity so we can offer the consumer the very best value," Mulally told a House committee.
Honda and its Acura unit had vehicles in nearly every category, including top-sellers such as the Honda Accord; the Honda Civic 4-door with optional ESC; and the Acura MDX and RDX midsize SUVs; and the Honda Fit with optional ESC. The Fit is the first mini-car to earn the safety award.
Volkswagen AG and its Audi brand had nine vehicles on the list, including the Volkswagen Jetta and Passat and the Audi A3, A4 and A6.
General Motors Corp. and Toyota Motor Corp. both had eight vehicles on the list. GM's included the Cadillac CTS and the Buick Enclave, Chevrolet Traverse, GMC Acadia and Saturn Outlook large SUVs.
Toyota's top performers were the Toyota Corolla with optional ESC, Toyota RAV4, Toyota Tacoma, Toyota Tundra and Scion xB.
Using the awards, consumers can compare vehicles without having to review results from multiple tests. Automakers pay close attention to the institute's findings and frequently note positive ratings in television commercials.
The institute has advocated for an early adoption of anti-rollover technology such as ESC ahead of a government requirement for the systems by the 2012 model year.
Electronic stability control senses when a driver may lose control and automatically applies brakes to individual wheels to keep the vehicle stable and avoid a rollover. It helps motorists avoid skidding across icy or slick roads or keep control when swerving to avoid an unexpected object in the road.
IIHS said Chrysler LLC was the only major automaker that did not receive a single award. They said Chrysler could have picked up five awards if the head restraints had been improved in the Dodge Avenger and Chrysler Sebring, the Sebring convertible and the Dodge Grand Caravan and Chrysler Town and Country.
Chrysler spokesman Cole Quinnell said he could not comment on whether the head restraints might be upgraded in the future. He said Chrysler vehicles are equipped with a variety of safety features and the institute's results "are just one of the sources of information about a vehicle's crash performance."

Hybrids to pace race

Ford Motor Co. will provide Nascar with a pair of its prototype Fusion Hybrid models as pace cars for its championship weekend in Miami.
It will be the first time a hybrid car has paced the field in the stock-car racing series, Ford said in a statement. A hybrid Fusion will lead the field to the green flag to start the Ford 400, while a 263-horsepower Sport model will be used during caution periods in the race.
Nascar has been slow to embrace alternative fuels and switched to race-blended unleaded gasoline from leaded fuel in 2007. The rival Indy Racing League switched to ethanol from methanol the same year. Ford says its hybrid Fusions, which are to be unveiled at the Los Angeles Auto Show on Nov. 19, will be able to get 700 miles of city driving on a tank of gasoline.
The two Fusions used to pace the race Sunday will be painted with a Nascar-themed camouflage design. Either Jimmie Johnson, who drives a Chevrolet Impala, or Carl Edwards, who races a Fusion, will be named Nascar champion after the race.

Ford Vehicles Gain in Reliability

The Associated Press
updated 3:30 p.m. PT, Thurs., Oct. 23, 2008
NEW YORK - Toyota Motor Corp.’s Scion brand topped the list of most reliable cars in Consumer Reports’ annual vehicle reliability rankings released Thursday, as Asian automakers continued to crowd the top of the magazine’s rankings.
Meanwhile, Chrysler LLC vehicles saw their scores fall sharply from 2007, while Ford Motor Co.’s nameplates gained ground over their Detroit rivals.
“Scion has a portfolio of three fairly small, fairly well equipped vehicles,” said David Champion, director of Consumer Reports’ auto test center. “It’s a basic form of transport, but put together well.”
The study compiled responses from Consumer Reports readers for more than 1.4 million vehicles this spring, using the results to predict reliability of 2009 models. The results are closely watched by automakers because of their influence on car buyers.
In this year’s study, Honda Motor Co.’s Acura and Honda lines ranked right behind Scion, followed by the Toyota nameplate and Toyota’s luxury brand, Lexus. Asian names occupied all of the magazine’s top 10 slots, with a domestic automaker not appearing on the list until No. 11 with Ford Motor Co.’s Lincoln brand.
Toyota spokesman Xavier Dominicis said Toyota was pleased to see Scion — which just launched two 2008 models, the xB and the xD — top the list.
“Generally speaking, when a vehicle first launches, that’s when you’re more apt to have any issues that need to be worked out, and this is a vehicle that came right out of the gate and earned this praise right away,” Dominicis said.
Champion noted that Ford nameplates have pulled ahead of their Detroit rivals this year, with nearly all Ford products carrying average-or-better rankings, with the exception of some of its truck-based vehicles. In addition, the Ford Focus sedan has been vastly improved since its 2000 debut, Consumer Reports said, and the car was ranked No. 4 for most reliable family vehicles.
“Ford’s vehicles, especially their car-based vehicles, have all been exceptionally good in terms of reliability year after year,” Champion said.
Mark Fields, Ford’s president of the Americas, said the rankings are further affirmation of the changes the company has made to improve its vehicles, particularly in drive quality, electrical function and quietness.
“Being neck and neck with Toyota and Honda is satisfying for us,” Fields said. But he added that topping General Motors Corp. and Chrysler LLC isn’t enough. “We have our eye squarely on becoming the leader in the industry.”
Consumer Reports called GM cars a “mixed bag,” with bright spots being the redesigned above-average Chevrolet Malibu. The Buick Lucerne V-8 and Pontiac G6 are also came in above average, but a quarter of GM models came in below average.
Chrysler vehicles, on the other hand, clustered near the bottom of the rankings, with nearly two-thirds of its lineup below average. The Chrysler Sebring was Consumer Reports’ worst-rated car, coming in at 283 percent below average.
“I believe the introduction of some of their new models were not fully developed, and they hadn’t worked out all the bugs before they came up,” Champion said.
He said recent changes at Chrysler may have contributed to poor quality ratings. Germany’s Daimler AG sold an 80.1 percent stake in Chrysler to private equity firm Cerberus Capital Management LP last year. Now, Cerberus appears to be in talks to sell the automaker, possibly to GM.
Chrysler spokeswoman Beverly Thacker said the automaker was dissatisfied with its performance and will work “aggressively to improve every aspect of customer satisfaction.”
“We do have pockets of success that demonstrates we can meet our customers’ expectations,” Thacker said in a statement. “The Dodge Caliber and Jeep Patriot were rated above average.”
To calculate its reliability ratings, Consumer Reports averages the overall reliability scores from readers for the most recent three model years. If a model has fewer than three model years, than it uses data from as many years as are available.
Consumer Reports’ reliability issue is scheduled to hit newsstands Nov. 11. The magazine is published by the nonprofit Consumers Union, based in Yonkers, N.Y.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
URL: http://www.msnbc.msn.com/id/27341890/

Ford's Plans for the Future

Public Affairs Update – Friday, August 15 This week, the Center for Automotive Research gathered automotive industry experts to participate in workshops, panels and networking activities as a way to share the latest news and views of the automotive industry. This year's theme, "Transcending Turbulence: A New Beginning" focused on strategies automotive companies are doing to overcome today's economic challenges.
Today, Tony Brown discussed how Ford is working with suppliers through the Aligned Business Framework to develop long-term s ourcing strategies for global programs including the upcoming C-sized vehicles. Brown’s address builds on speeches earlier this week by Mark Fields, Bennie Fowler and Jim Buczkowski on North America small car profitability, quality and connectivity plans.
Below are brief overviews of the news items discussed and further details can be found on the Public Affairs page on FMCdealer.com.
FORD'S GLOBAL PRODUCT PLAN TO DRIVE INCREASED SMALL CAR PROFITS; NEW TEAM TO BOLSTER VEHICLE CONNECTIVITY Ford Motor Company expects the quality, fuel efficiency, smart technologies and shared global nature of its upcoming new Focus small car in North America and other derivatives built off a new global C-car platform to deliver a double-digit percentage profit improvement compared with today's North American Focus.
In addition, Ford is forming a new customer connectivity team to accelerate its leadership in vehicle smart technology solutions that are increasingly important to small car customers, including Ford SYNC, SIRIUS Travel Link and Ford Work Solutions and HD radio.
Mark Fields, announced on Tuesday, the latest details about the company's accelerated transformation and plan to introduce several new fuel-efficient small cars during his speech.
FORD MOTOR COMPANY NAMES SEVEN ADDITIONAL MEMBERS T O KEY SUPPLIER NETWORK Today, Ford Motor Company announced seven new Aligned Business Framework (ABF) suppliers, bringing the total number of companies in the ABF network to 65. Under ABF, Ford and suppliers enter into long-term contracts to strengthen collaboration and drive mutual profitability and technology development.
Aligned Business Framework members added in the last year include: Dürr, Imagination, Jack Morton Worldwide, Linamar, Microsoft, Neapco and Synovate.
Launched in 2005, ABF agreements establish working business models for both Ford and the selected suppliers. The agreements comprehensively and formally spell out business practices designed to increase future collaboration, including phased-in up-front payment of engineering and development costs, extended sourcing and data transparency. As part of the agreement, Ford increases the volume of business with select suppliers. Since launch, Ford has identified 46 production and 19 non-production ABF suppliers

FORD ACCELERATES SMALL CAR MANUFACTURING

IMMEDIATE RELEASE



FORD ACCELERATES TRANSFORMATION PLAN WITH SMALL CAR OFFENSIVE, MANUFACTURING REALIGNMENT

• Ford adding new fuel-efficient small cars and crossovers to North American product lineup


• Six European small vehicles coming to North America from global B-car and C-car platforms


• Three large truck and SUV plants converting to small cars; retooling begins in December


• Ford, Lincoln and Mercury lineup to be almost completely upgraded by end of 2010


• Ford plans to be the best or among the best in fuel economy with every new product in its segment


• Hybrid vehicle production and lineup to double in 2009


• Capacity for North American four-cylinder engines to double by 2011


• Ford, Lincoln and Mercury confirmed in company's North American brand portfolio

DEARBORN, Mich., July 24,2008 --Ford Motor Company [NYSE: F] today announced a significant acceleration of its transformation plan with the addition of several new fuel-efficient small vehicles in North America and a realignment of its North America manufacturing.

The actions represent a considerable shift in Ford's North American product plans and investments toward smaller vehicles and fuel-efficient powertrains in both the near-and mid-term in line with rapid changes in customer buying preferences.

In addition to bringing six small vehicles to North America from the company's acclaimed European lineup, Ford is acceleration the introduction of fuel-efficient EcoBoost and all-new four-cylinder engines, boosting hybrid production and converting three existing truck and SUV plants for small car production, beginning this December.

"We continue to take fast and decisive action implementing our plan and responding to the rapidly changing business environment," said Ford President and CEO Alan Mulally. "Ford is moving aggressively using our global product strengths to introduce additional smaller vehicles in North America and to provide outstanding fuel economy with every new product."

Mulally said the company is more focused than ever on its transformation plan, which calls for:

• Aggressively restructuring to operate profitably at the current demand and changing model mix


• Accelerating the development of new products that customers want and value


• Financing the plan and improving the balance sheet


• Working together effectively as one team, leveraging Ford's global assets

"The progress we have made in working together to create a 'One Ford' global enterprise during the past two years gives us a unique competitive advantage in today's environment," Mulally said. "We are in a stronger position than ever to leverage Ford's global assets to address the North American business environment. We also are building on the past few years of progress in continuously improving our quality, reducing our cost structure and introducing strong new products."

Aggressively Restructuring

Ford will convert three existing North American truck and SUV plants for small car production, with the first conversion beginning this December.

The moves are in addition to Ford's announcements in May and June that it is reducing its North American production plans for large trucks and SUVs for the remainder of 2008, as well as increasing production of smaller cars and crossover.

"We are transforming Ford's North American manufacturing operations into a lean, flexible system that is fully competitive with the best in the business," said Mark Fields, Ford president of The Americas. "We remain committed to matching our capacity with real consumer demand, and we can respond quickly to changing consumer tastes.

"In addition, we are adding four-cylinder engine capacity to meet the growing consumer demand, while expanding production of our new EcoBoost engines, six-speed transmissions and other fuel-saving technologies," Fields said.

Among the manufacturing realignment actions:

• Michigan Truck Plant in Wayne, Mich., which currently builds the Ford Expedition and Lincoln Navigator full-size SUVs, will be converted beginning this December to production of small cars derived from Ford's global C-car platform in 2010.


• Production of the Ford Expedition and Lincoln Navigator will be moved to the Kentucky Truck Plant in Louisville, Ky., early next year.


• Cuautitlan Assembly Plan in Mexico, which currently produces F-Series pickups, will be converted to begin production of the new Fiesta small car for North America in early 2010.


• Louisville (Ky.) Assembly Plant, which builds the Ford Explorer mid-size SUV, will be converted to produce small vehicles from Ford's global C-car platform beginning in 2011.


• Twin Cities (Minn.) Assembly Plant --which was scheduled to close in 2009 --will continue production of the Ford Ranger through 2011 to meet consumer demand for the compact pickup.


• As previously announced, Kansas City Assembly Plant this year will add a third crew to its small utility line for the Ford Escape, Escape Hybrid and Mercury Mariner and Mariner Hybrid.

In tandem with the realignments, Ford will continue to offer targeted hourly buyouts at its U.S. plants and facilities, working with the UAW to secure competitive employment levels. Ford also said it remains on track to reduce salaried-related costs by 15 percent in North America by Aug. 1.

Ford North America still expects to reduce annual operating costs by $5 billion by the end of 2008-- at constant volume, mix and exchange, and excluding special items--compared with 2005. In addition, the company said it plans to continue to reduce structural costs beyond 2008.

The company also confirmed Ford, Lincoln and Mercury will remain in its North American brand portfolio. Ford said it will work its dealers to broaden and accelerate its dealer consolidations, which will result in a dealer network that reflects the changing industry size and model mix.

Ford also updated its current North American planning assumptions, which include:

• U.S. economic recovery to begin by early 2010


• U.S. industry sales to return to trend levels as the economy returns to health industry for full-size pickups-- though not back to levels experience previously-- as the economy and housing sector recover


• Oil prices to remain volatile and high


• No near-term relief from current level of commodity prices


• About 14 percent U.S. market share for Ford, Lincoln and Mercury brands

Accelerating New Products

Ford is adding several new North American products in the near-and mid-term, and shifting from a primary emphasis on large trucks and SUVs to smaller and more fuel-efficient vehicles. By the end of 2010, two-thirds of spending will be on cars and crossovers-- up from one-half today.

"We are accelerating the development of the new products customers want and value, "Mulally said. "We sell some of the best vehicles int world in our profitable European and Asian operations, and we will bring many of them to North America on top of our already aggressive product plans."

The new products include six European small vehicles to be introduced in North America by the end of 2012. Ford's acclaimed European products are set apart by their world- class driving dynamics, exciting design and outstanding quality.

"While we have no intention of giving up out longtime truck leadership, we are creating a new Fore in North America on foundation of small, fuel-efficient cars and crossovers that will set new standards for quality, fuel economy, product features and refinement," Fields said.

The Ford, Lincoln, Mercury line will be almost completely upgraded by the end of 2010, including:

• 2009 Ford F-150, on sale in late fall with the most capability, most choice and most smart features of any full-size pickup, and with more than a 7 percent fuel economy improvement


• 2010 Ford Fusion, Mercury Milan, Lincoln MKZ sedans, on sale in early 2009, with Fusion's and Milan's four-cylinder fuel economy expected to top Honda Accord and Toyota Camry


• 2010 Ford Fusion Hybrid and Mercury Milan Hybrid beginning production late this year and on sale in early 2009- with fuel economy expected to top the Toyota Camry hybrid


• New Ford Mustang- coupe, convertible, and glass-roof models --in early 2009


• New Ford Taurus sedan-- with EcoBoost engine and even more advanced safety and convenience technologies-- in mid-2009


• New European Transit Connect small multi-purpose van in mid-2009


• New Lincoln seven-passenger crossover-with EcoBoost engine --in mid-2009


• New European Ford Fiesta, in both four-and five-door versions, in early 2010


• New European Ford Focus, in both four-and five-door versions, in 2010


• New Mercury small car in 2010


• New European small vehicle that will be a "whitespace" entry in North America in 2010


• Next-generation Ford Explorer-- with unibody construction, EcoBoost, six-speed, weight savings and improved aerodynamics for up to 25 percent better fuel economy --in 2010

With every new product, Ford expects to be the best or among the best for fuel economy. This is aided by one of the most extensive powertrain upgrades ever for Ford. By the end of 2010, nearly all of Ford's North American engines will be upgraded or replaced. In addition, within two years, nearly all of Ford's North American lineup will offer fuel-saving six-speed automatic transmissions.

The improvements build on several Ford fuel economy leaders today, such as:

• 2009 Ford Flex, which is the most fuel-efficient standard seven-passenger vehicle on the market, topping the 2009 Honda Pilot


• 2009 Ford Focus, with highway fuel economy of up to 35 mpg-- better than than the smaller 2008 Honda Fit and 2009 Nissan Versa SL and a key reason Focus retail sales are up 50 percent


• 2009 Excape, with a new 2.5-liter four-cylinder engine and six-speed transmission delivering best-in-class highway fuel economy of 28 mpg--ahead of Toyota RAV4 and Honda CR-V


• 2009 Ford Escape Hybrid, delivering 34 mpg in the city and 31 mpg on the highway, making it the most fuel-efficient utility vehicle available

Coming in 2009 are the first applications of Ford's new EcoBoost engines. EcoBoost uses gasoline turbocharger direct-injection technology for up to 20 percent better fuel economy, up to 15 percent fewer CO2 emissions and superior driving performance versus larger-displacement engines.

EcoBoost V-6 engines will be introduced on several vehicles next year beginning with the Lincoln MKS and Ford Taurus sedans, Ford Flex crossover. Four-cylinder EcoBoost engines will debut in 2010 in both North America and Europe. Ford will offer EcoBoost on more that 80 percent of its North American lineup by the end of 2012.

Ford also plans to double capacity for North American four-cylinder engines to more that 1 million units by 2011, to meet the consumer5 trend toward downsized engines for fuel economy. The smaller engines will deliver significant fuel savings.

In addition, Ford plans to double its hybrid volume and offerings next year-- and is looking to expand further going forward. Production of the all-new 2010 Ford Fusion Hybrid and Mercury Milan Hybrid begins in December-- with fuel economy expected to top the Toyota Camry hybrid.

With these new models, the Ford Escape Hybrid- now in its fifth year of production- and the Mercury Mariner Hybrid, Ford will offer four hybrid vehicles. That will make Ford the largest domestic producer of full hybrid vehicles in North America, second only to Toyota in sales volume.

Ford also is introducing six-speeds with PowerShift that offers the fuel economy of manual transmission and convenience of an automatic; and start-stop engines that shut off when the vehicle stops; electric power steering; direct injection, and Twin Independent Variable Cam Timing engines. These technologies will be progressively introduced within the North American lineup by 2012.

"One Ford"

Driving Ford's product transformation is the company's "One Ford" global product development vision, which will deliver more vehicles worldwide from fewer core platforms, further reduce costs and allow for the increased use of common parts and systems.

In the next five years, Ford will build more that 1 million vehicles a year worldwide off its global B-car platform and nearly 2 million units worldwide off its global C-car platform.

"Ford is investing most where consumer growth is taking place- and that's in highly fuel-efficient global small cars," said Derrick Kuzak, Ford group vice president of Global Product Development. "One of every four vehicles in the world today is a 'C' or Ford Focus-sized vehicle, and we expect the segment to grow more than 20 percent 6 million units in North America an 25 million worldwide by 2012. We see similar strong growth in the B-segment, where the Fiesta competes."

With Ford's global product development plan, all of the company's vehicles competing in global segments will be common in North America, Europe and Asia within five years. In addition to B- and C-sized small cars, the company's Fusion-and Mondeo-sized C/D cars and utilities will be common globally. The same will be true for commercial vans.

Ford said it is uniquely positioned to take advantage of its scale, already acclaimed global products and the strength of the Ford brand around the world to respond to the current changing marketplace and to begin to grow profitably. The company said its success in growing market share and profits with smaller, more fuel-efficient vehicles in Europe is now the template around the world.

"We remain absolutely committed to creating an exciting, viable Ford going forward- and to transforming Ford into a lean global enterprise delivering profitable growth over the long term," Mulally said. "We continue to make progress on every element of our transformation plan, and we are taking decisive steps in the near term to ensure out long-term success."