Ford Motor Co. plans to tell Congress it is retooling itself to build small fuel-efficient cars and break from the past strategy of focusing mainly on large pick up trucks and sport-utility vehicles, and will cut the compensation package of Chief Executive Alan Mulally, as part of its bid to win support for a federal bail out of the Big Three auto makers, a person familiar with the matter said.
Jimmy Carter would have been proud, but isn't it a bit late to plan for the 21st Century? Which slogan are they using, Ford. Bold moves. or Built for the road ahead?
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