Ford’s Mulally: I’m Not Leaving Early (WSJ)
Ford Motor Company (NYSE:F) Chief Executive Officer Alan Mulally says he isn’t leaving before the end of 2014, reiterating a position he has held since last year when Mark Fields was promoted to chief operating officer. Mr. Mulally, 68, made the comments several times in the past week because his name became linked with Microsoft Corporation (NASDAQ:MSFT)’s management shuffle and restructuring effort. Reuters reported Thursday, citing two sources familiar with the board, the body was willing to let Mr. Mulally go prior to the end of 2014 to pursue other top positions at companies or a position with the Obama administration.
Tesla Had to Repay Its Dept of Energy Loan to Avoid Default (HeartLand)
When it comes to Tesla Motors Inc (NASDAQ:TSLA), an irrational exuberance has overtaken Wall Street, the Department of Energy, electric car advocates, government interventionists, crony capitalists, techie nerds and Elon Musk fanboys everywhere. The praise comes rapid fire: $20 billion market capitalization! It’s worth more than Chrysler! Its stock price is at $169! They’ve had two consecutive profitable quarters! They paid back their government loan early! The Model S is the safest car of all time! Consumer Reports says it’s almost perfect! Its batteries don’t burn up!
Why Does India Look So Good to Ford? (WallStCheatSheet)
Ford Motor Company (NYSE:F) announced on Wednesday that it will invest $10 billion in its manufacturing platform in India, according to a report from the Detroit News, a move the company said will help it cut costs and help it meet a growing global demand by exporting vehicles made in India around the world. In a press release outlining some of the plans, Ford specifically pointed to demand for small, fuel-efficient cars and SUVs as the reason for the growth. Over the next four to five years, the company said it will export “a substantial portion” of vehicles made at its Indian operations to 50 different markets around the globe.