Bill Ford Jr. Says Company’s Turnaround Taking Hold

William Clay Ford

Speak­ing at a share­hold­er meet­ing, Ford chair­man Bill Ford Jr. acknowl­edged a chal­leng­ing future for the com­pa­ny. But he also not­ed the automak­er is mak­ing progress with its turn­around plans. CEO Alan Mulal­ly added that Ford will con­tin­ue with cost-cut­ting efforts and intro­duce more fuel-effi­cient vehi­cles.