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Ford's Mulally says he will stick around

Ford Motor Company CEO Alan Mulally (UPI Photo/Brian Kersey)
Ford Motor Company CEO Alan Mulally (UPI Photo/Brian Kersey) | License Photo

DEARBORN, Mich., July 30 (UPI) -- Ford Motor Co. Chief Executive Officer Alan Mulally says he has no intention of retiring before the U.S. carmaker retuns to full-year profitability.

"As long as I'm contributing, I'm honored to serve Ford," Mulally told The Detroit News Thursday.

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Deflecting some of the spotlight that has given him star status on Wall Street, Mulally said he was "one person on a fabulous team."

Ford, the only large U.S. automaker to avoid filing for bankruptcy this summer, posted a profit of $2.3 billion in the second quarter, although much of that was due to isolated, onetime transactions, the News said.

Mulally will turn 64 in August, but his stature at Ford -- and his tenure -- appear secure at the moment.

"I'm not worried about supplies or sales. The biggest threat to Ford's future is that Mulally steps off the curb tomorrow and gets hit by a bus," a fund manager heavily invested in company said.

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