Ford’s CEO Alan Mullaly will arrive in Washingtion DC later this week after a 9 hour trip from Dearborn in a Ford Escape Hybrid. He will be there to defend Ford’s comprehensive plan to accompany a second request for a percentage of a 25 billion dollar government “bridge loan”. The plan was due and submitted to Congress by Ford today. A “comprehensive plan” is what Congress required after a dismal request and presentation by all three Detroit CEO’s two weeks ago. The US Congress is requiring all three automakers to submit two versions of the same plan showing how they will use the money. One version for Congress to review and another abbreviated version for us… the U.S. taxpayer.
There is no official word at this time how GM CEO, Rick Wagoner, or Chrysler CEO, Robert Nardelli, will be arriving in Washington DC. Alan Mullay has also stated that he’d be willing to work for $1.00/year in order for Ford to be granted a portion of the 25 billion dollar government loan.
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