Ford Motor Company chief executive Alan Mulally defended his company Tuesday against charges that Ford caused its own problems and said bailing out Detroit was essential to the U.S. economic recovery.
Hours before Mulally and other heads of the Big Three automakers were scheduled to testify before the Senate Committee on Housing, Banking and Urban Affairs, Mulally appeared on CNN's "American Morning" to discuss his expected testimony.
Mulally told CNN's John Roberts that Ford took time to develop an electric hybrid car because its top priority was making the internal combustion engine more efficient. He also defended the company's advertising blitz for the F-150 pickup truck and said the company had been working on improving its fuel efficiency long before there was talk of bailing out Ford, General Motors and Chrysler.
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