Ford Motor Company has unveiled a new version of its popular F-150 pickup truck that features an aluminum frame.It'll save us over 150 pounds in weight,CEO Alan Mulally said.I come from aluminum,the former Boeing executive recalled with a smile.Pound for pound,it's tougher than steel.I think the customers are absolutely gonna value the toughness.
Those ecoboost engines alone are gonna increase the fuel efficiency 25%.The Ford team has been laser- focused.I love serving Ford.We have 23 new vehicles-twice the number we've ever done.I will stay at least through 2014.
Clearly our plan is to continue the dividend even through a downturn.In China,our sales were up over 50%.It's a very important market for us and they love the Ford brand.Their economy is growing 7.5%.We really love being able to serve China.
We think the US economy is gonna expand upwards of 2.5% through the end of next year.We are gonna hire another 11,000 worldwide.In the US,we will hire another 5,000,Mr.Mulally told CNBC.*
Ford Motor Company(F)
Labels:Ford Motor Company,Alan Mulally,F-150,ecoboost engine,automotive industry,aluminum,Boeing,CNBC,China
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