Body.
DEARBORN -- President and CEO Alan Mulally hosted a Town Hall for employees at World Headquarters on Friday. Click here to watch the a video-on-demand file of the Town Hall Meeting . Click here to see the slides used during the meeting.
Below is the note Alan sent to employees Friday morning regarding the financial results announcement.
This morning, we announce our financial results for the first quarter. This is a challenging and dynamic time for the automotive industry, and the Ford team continues to show that we are up to the task. We made important progress in the first quarter against our fundamental plan to deliver One Ford, which remains solid and unchanged:
- Aggressively restructure to operate profitably at the current demand and changing model mix
- Accelerate the development of new products that customers want and value
- Finance the plan and improve the balance sheet
- Work together effectively as one team, leveraging Ford’s global assets
As we implement this plan, we continue to believe we have sufficient liquidity to fund our business plan and product investments and we do not expect to need a bridge loan from the U.S. government.
Although many challenges lie ahead for us and for our industry, we should take pride in the growing excitement and energy around Ford. People are seeing that Ford is different, and the real difference is our leadership in quality, fuel efficiency, safety, smart technologies and value.
It is important for all of us to read the attached news release and to understand our story. We will meet with financial analysts and representatives of the news media throughout the day to discuss this information and answer questions. I also will discuss our results, accomplishments, challenges and opportunities ahead during today’s Town Hall at 11 a.m. EDT (5 p.m. Cologne, 10 p.m. Bangkok).
One Team. One Plan. One Goal. One Ford.
Thank you!!
Alan