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Ford launches redesigned Fusion in NYC

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    Ford President & CEO Alan Mulally talks economy, auto industry

  • Duration 5:44
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There's another company doing well in the midst of all is not just apple -- -- has no stranger.

To the global head toward sales towards what are not present in Europe last -- but the company's open at the new fusion will help drive business forward.

-- CEO Alan Mulally unveiling it today.

Times Square.

Good see you good to see you know you know it.

Do -- do sales -- notwithstanding abroad you guys have been making lemonade out of lemons for a while but there are a lot of C -- not a lot of companies -- -- -- now.

Anymore -- we get to the fusion are you worried about that overall macro for an well.

Like we talked the last time this is the slowest recovery we've ever had from a recession now.

Having said that this is the biggest recession there were recovering from -- The neat thing about the forward position is that during the toughest of times we continue to invest in the products if you really want and value.

And even -- the economic experience is one half to 2% we have this tremendous pent up demand where the average age of vehicles now has over eleven years old.

So these new vehicles from four there are able to economically obviously -- -- so neat thing is we're here we're part of the experience with the vehicles and people really do want and value.

On how does it is big demand for the fusion but at -- GM is trying its own.

Fuel efficient cars it wants out from under the government's thumb you probably heard that apparently the government is saying not yet doesn't wanna -- the stock on the loss that it.

Well I really like the Ford plan.

And -- we talked about this five years ago we clearly put a plan in place a place to transform Ford.

Based on restructure ourselves operate profitably but also accelerating investment in the new vehicles into your point that was -- the neatest thing about the -- launch today.

Is -- we didn't just bet on one technology demonstrator.

We decided were in electrify an entire product line and give people power choice so that new fusion today.

Has a a gas engine and also has an eco boost engine with direct injection Turbo charging.

The end you can -- -- in the hybrid but also a plug in -- The neat thing is we're -- on the same production line 7% of the parts are exactly same for matching production the real demand.

-- -- -- -- -- really into your entire response -- ignored my question now quickly I didn't really it.

It's a good is it let's GM has a hybrid of its own sets of problems that apparently -- -- -- underwrite -- animals 80000 dollars.

Standing on the number.

Viewers who argues that.

Well -- the data were actually does such a free we've announced that fusion today and defuse a hybrid 47 miles per gallon it's like Prius model.

It's bad sleeping to eight miles that the Viet my eight miles per gallon better than the twenty Cameron said the surgery -- mustang that customers have a GM must -- -- totally -- We're focused on because that I have.

Do you think -- down.

Looking -- GM was wants to get out from of the government's on reminds you.

How wise it was.

Not to get -- -- to resist the that the government takeover as you did you didn't need it.

But but now looking back are you glad you didn't do -- Absolutely and you know I remember -- and -- got it right at that time.

That was when the big decisions we've ever made and clearly the United States -- in -- very very tough situation at that time.

-- -- you you work for vetoing those others well right to Greensboro.

-- -- -- remember we actually.

Testified on behalf of temporary help for GM and Chrysler.

Because we.

We have concluded just like two administrations and achievement -- Who are completely bankrupt went into free fall.

They could've taken on the industry and the US economy from recession into depression and so but you don't you -- -- that -- Toyota with plants hero Honda with -- all -- -- all of this would have been in real trouble also the really the reason we did it was.

That you know build history's nearly 1215% of US GP we couldn't really.

Contribute to US -- from we sort of rescue was a good thing.

I think it was that it was the right thing to do at the time but to your point.

I am just so pleased that we did not access one dollar taxpayer money.

Because we clearly we're on a plan to create a viable Ford way before that recession head on.

You know Mitt Romney was against the bailout.

Are many argue it's costing him in Michigan cost him even an Ohio.

Should it.

Well again I can just speak from force point of view for the good of the industries say drugs abuse and the good of the US economy we did the right thing okay.

Armed.

There does seem to be a bigger macro picture its of this -- and that is.

You know big government -- not the government maybe that was a case of justified to government then to help out your competitors.

Many say it's gone too far sense.

And that we we we built a slippery slope.

What do you make of that that the government is too unwieldy bailing out everybody rescuing everybody and everybody -- and hand out.

Well I.

Kind of commanded a different way which.

I think you're referring to and that is that business and economic development is absolutely the foundation of this country.

In our case in manufacturing.

It is so important is nearly 70% of all the research and develop the United States is -- manufacturing -- the -- him.

And so.

Our thought is that everything.

Everything on the business environment are being looked at through the -- is it helping create an environment where business can profitably grow and it.

Led by the private sector because that is the essence of -- and job creation going forward I don't know it always good -- good to see you down very much we talked just one more about -- dynamite fusion.

Do you you've already got the charisma and he's a good right just go right back to the focus.

-- ally in the middle of all.

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