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extraordinarily gut-wrenching changes at Ford
[Gee what has the "way forward" morphed into or was it scrapped to be replaced by this? Mish]

Ford Motor Co.'s new chief executive Alan Mulally's agenda calls for the motor company to plow through "gut-wrenching" change to achieve profitability by 2009, the Wall Street Journal reported on its Web site on Friday.

The WSJ reported that at a board meeting last week, Mulally surprised directors by asking them to follow him from the boardroom, down a flight of stairs to his secret "war room," where his plan for the company is mounted on the walls, the WSJ reported, citing people familiar with the situation.

The pages contain charts, graphs and lists of Ford products and markets -- his road map to turn around the troubled auto maker, the paper reported. The paper also printed the full text of a company-wide email it says Mulally sent on October 13. In the email, Mulally writes that the company is going though an "extraordinarily gut-wrenching time."
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http://today.reuters.com/news/articlebusiness.aspx?type=ousiv&storyID=2006-12-22T113533Z_01_N22246026_RTRIDST_0_BUSINESSPRO-FORD-DC.XML&from=business



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