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April 22, 2009

ICYMI: Bill Ford of Ford Motor Company on LKL last night!

Posted: 08:42 AM ET

We had Bill Ford, great-grandson of Henry Ford and executive chairman of the Ford Motor Company, on LKL last night – here's a portion of the interview:

KING: There are reports, Bill, that GM plans to layoff 1,600 white-collar workers in the next few days, 1,600 white collar. Any layoffs at Ford?

FORD: We have already - we have taken a lot of restructuring actions over the last year. We don't see anything coming on the horizon. I mean, we like our plan. We are working our plan. We are focusing very much on being a green safe company, which is where I think society would like us to go. Frankly, that's where I would like us to go.

So our - our plans are working and we are just keeping our head down and going as hard as we can.

KING: We know how competitive the automobile business is. Would you hire any of these former GM employees?

FORD: Well, if we are in the hiring mode, sure we would. No. You know, we are now at sort of our fighting trim. And we are - we have the right structure for us to go ahead and deliver our plan. But there is no question, they're incredibly talented people at all the companies. GM and Chrysler both. So - great engineers.

You know, should that time come, of course.

KING: Were you surprised that Rick Wagoner was forced out?

FORD: Well, you know, I guess I never thought I would live to see the day where the president - the CEO of General Motors was dismissed by the president of the United States. That to me was quite a moment. And whether or not that deserved to happen, I don't know. I mean, it is - that really is not for me to say.

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Filed under: Auto Industry • Larry King Live


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Terry, TX   April 22nd, 2009 11:46 am ET

Yeah..it is sort of creepy that a president have the power to remove a CEO from a public company...not for anything illegal...you know charges pressed... over bonuses Chris Dodd and Geither authorized and lied about....then turn around and let Fannie and Freddie get bonuses in March this year...then give GE company a bailout more that the Auto Companies...and then put their worse CEO in history responsible for crashing the company ...on his economic advisory panel. Hmmm.....could it be CEO Immelt is over NBC and MSNBC...talk about pay for play. Yeah...it's getting really creepy.


jaimie   April 22nd, 2009 8:21 pm ET

love Bill Ford, Jr., an excellent family man ! & love the new Ford Hybrids ! thanks Ford...!


Pietro Sirianni   April 23rd, 2009 11:58 am ET

I have faith in Ford as an American Company. Plus I bought Ford stock when it was $1.80! GO FORD!


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