Louisiana

As the economy and the car industry transform to lighter, more compact versions of their previous selves, the primary agent of change is cash. Ford CEO Alan Mulally took an opportunity this weekend to re-affirm his company's ability to stand on its own, without government-backed loans, however. Speaking at a meeting of the National Automobile Dealers Association in New Orleans, Louisiana, Mulally said, "We don't want to borrow any more money. We have sufficient liquidity to fund our transformation plan, which means our business is in a relatively good shape," reports Reuters. Relatively good...