Saying his company is positioned strongly for rising gas prices with their changed lineup in vehicles, Ford (NYSE:F) CEO Alan Mulally said he believes Ford can handle the pressures at the pump.
"We thought this was going to happen. We didn't think it was going to happen as fast as it is, but we feel like we're positioned with the right product line now," Mulally said. "We've got the best smaller and medium-size vehicles we have ever had."
If gas prices continue to rise, Mulally said the larger number of small and mid-size cars should enjoy better sales than when gas prices rose to over $4 a gallon in 2008.
Mulally noted last time around the company had a much heavier emphasis and inventory of sport utility vehicles and pickup trucks than they do now.
Of course that leads to another problem: what happens when gas prices fall again?
Ford closed Thursday at $14.06, down $0.23, or 1.61 percent.
Friday, March 11, 2011
Ford (F) CEO Says Not Afraid of Big, Bad Gas Prices
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
3 comments:
They should be as 95% of Americans are VERY worried!
Don't confuse worry about the economy as a whole and the American consumer's challenges because of it, with worry about the company's future and ability to sell cars where mileage is a major deciding factor. He didn't speak either way about the former, only the latter.
Mulally for president !
Post a Comment