When Alan Mullaly taken over as Ford’s CEO in September 2006, the company was clearly broken as its stock price had fallen down (the least was $1.01 per a share in 2008) and its debt was at "Junk” status, and 2006 was the worst year in its history with a $12.7 billion loss. It was estimated that Ford will file bankruptcy. However, by the time Mullaly retired on July 1, 2014, Ford had achieved a turnaround, becoming a “history-making revitalization.” Therefore, the Ford company has no success during the tenure of Mullaly years.
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