Ford CEO Alan Mulally says that his company is going to turn it all around to get with the times -- but will it be soon enough? A humbled Mulally spoke at the Wall Street Journal's ECO:nomics conference.
"We really have lost a generation," he said, turning back to the issue at hand. In the past, Ford "did not have a consistency of purpose," he said, but is now committed to producing vehicles that are "best in class."
He reiterated that Ford's mix of vehicles will do a 180 in coming years, with light cars--rather than trucks and SUVs--representing two-thirds of the automaker's lineup, as rising energy prices make fuel-efficient cars a priority for consumers.