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WILMINGTON, Delaware (Reuters) - The executive chairman of Ford Motor Co asked for patience from investors who pressed him about the company's languishing stock price at the automaker's annual meeting on Thursday.Despite 15 straight profitable quarters, Ford's share price has lagged the S&P 500's gains for about two years. The stock was little changed at $14.22 on Thursday afternoon."Just hang with us," Bill Ford said in response to two questions about the company's stock. "Our performance has been pretty good."Ford and Chief Executive Officer Alan Mulally emphasized record profits and margins and a turnaround plan in Europe, although the automaker expects to lose another $2 billion on the continent this year due to a deep economic downturn.Chief Financial Officer Robert Shanks also urged shareholders to take a long view regarding growth outside the United States. He said heavy investment in Asia would begin to pay off and allow Ford to rely less heavily on the U.S. market."So just a l...
Ford Motor Co.'s (F) board of directors may name outgoing Chief Executive Alan Mulally as nonexecutive chairman to keep him involved in the company, the Reuters news...
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Ford CEO Alan Mulally discusses his succession plans and the new Fusion lineup.
American car company is back from the brink
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Former Apple CEO John Sculley on working with Steve Jobs at the computer company.
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FBN’s John Stossel on the impact unions have on the economy.
Former hedge fund manager Andy Kessler on what is needed to help boost a recovery of the job market.
