jan 1, 2010 - Alan Mulally One of Mulally's first decisions at Ford was to bring back the Taurus. Mulally Also led the effort for Ford to borrow $23.6 billion by mortgaging all of Ford's assets. Mulally said that he intended to use the money to finance a major overhaul and provide “a cushion to protect for a recession or other unexpected event". At the time, the loan was interpreted as a sign of desperation, but is now widely credited with stabilizing Ford's financial position
Added to timeline:
Date:
jan 1, 2010
Now
~ 15 years ago