The Page

Politics up to the Minute

Ford CEO Offers to Work $1 Per Year for Loan

Article Tools

Getty

Alan Mulally says he'll tell Congress he plans to return to a pretax profit or break even in 2011 when he testifies this week.

Says he'll cut his own pay, cancel all management employees' 2009 bonuses, sell Ford's five corporate aircraft, among other things.

Comes as the Big Three propose their restructuring plans to Congress Tuesday in exchange for a $25 billion bailout.

Sign up for the daily email from The Page and get the very latest political news delivered directly to your inbox.

  • Email Format:

The Political Schedule

*all times Eastern

Friday, November 27

    • All Day
    • No public events

The Page on the Go

Read THE PAGE on your Mobile Device

Bookmark thepage.time.com on your mobile device for an easy to read version of Mark Halperin's The Page.

The Page Archive

December 2008
Choose a day to view headlines.

< Previous Month
> Next Month

S M T W T F S
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      
Watch videos at Vodpod and other videos from this collection.