Alan Mulally, chief executive officer of Ford Motor Co., said he plans to stay with the No. 2 U.S. automaker through 2014 and won’t leave for Microsoft Corp., underscoring the challenge of finding a new CEO to run the world’s largest software maker.
Dan Akerson, who became chief executive officer at General Motors Co. in 2010, gives himself a “B” for his performance so far. He has too much work to do to think about retiring for at least another year or two, he said.
The Motor City was the car capital of the world when David Cole graduated from a Detroit high school in 1955 and headed off to college to study auto engineering. Six decades later, the “motor” has mostly moved out, he said.
Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
Bob King , the next United Auto Workers leader, inherits a union that gave up thousands of jobs and billions in benefits to save the U.S. auto industry. His legacy will rest on how workers are rewarded in the recovery.
The Obama administration’s decision to sell more of its stake in General Motors Co. underscores the resurgence of a domestic auto industry that emerged from near- collapse to become a pillar of economic growth.