New Ford CEO admits to driving a Lexus LS430Enlarge Photo
Alan Mulally, who recently replaced Tom Ford as the CEO of the Ford Motor Company [NYSE:F], admitted to journalists that he drives a Lexus LS 430 because, "it's the finest car in the world."
After studying all the cars on the market, he said he found the Lexus was the best.
This frank admission shows us that Mulally has what it takes to bring Ford back in to the game. The 37-year Boeing veteran knows he has a tough task ahead of him with Ford sales having dropped by more than 25 percent over the last five years.
When asked about his discussions with Tom Ford, Mulally said, "the reason he called was not to restructure, not to get rid of stuff, not to sell it off. He called because he wanted to make the finest automobiles in the world. And that's why I'm here, because I think the U.S. can compete. I know they can compete. There's no reason why we can't be the best in the world."
The only problem here may be that Lexus has moved on to the LS 460, which is by most accounts is one of the best luxury cars on the market. Is this a case of Ford yet again falling behind the times?