| Daily Briefs
Ford Chief Executive Alan Mulally said Wednesday the company's sweeping turnaround plan remains on track but that the automaker needs to pursue consolidations within its dealership network to improve its fortunes. Mulally, speaking to reporters at the New York International Auto Show, also suggested "our wages and benefits are not where they need to be to be competitive," in advance of significant contract talks this summer with the United Auto Workers. Ford Motor Co., which has announced plans to shutter 16 plants, lost $12.7 billion last year and mortgaged its factories, brand names and other items to secure a $23.4 billion line of credit to fund its restructuring plan and cover losses expected until 2009. In a speech opening the auto show, Mulally billed it "the biggest home improvement loan in the history of mankind." Negotiator defends S.
Award icing on the cake as Hutton revels in winning over Ibrox ...
LATE last year, one newspaper alleged that Alan Hutton was involved in an incident outside The Shack nightclub in Glasgow's southside. On being refused entry, the player was reported to have uttered the 'do you know who I am?' line to the bouncer, who immediately snapped back that he was a poor Rangers defender. Although not quite in such pleasant terms. The exchange reputedly prompted Hutton to show he was a made man by flinging a £10 note in the direction of the doorman. The 22-year-old will now be able to keep hold of his money in the event of any such future occurrence. Assuming, that is, he can find a pocket large enough to stash the Bank of Scotland Premierleague player of the month award for March. The accolade more than provides tangible expression of Hutton's worth.
Land Bank CEO says he's 'on leave'
The Land Bank CEO Alan Mukoki is on leave from the bank, but will not say whether it was his or the department of agriculture's decision. He does however say that a number of the bank's controversial loans happened before he took over at the bank. Bruce Whitfield:
It has really been difficult to get a straight answer from the department of agricultural affairs yesterday on the situation at the Land Bank. Was anybody suspended? How much money really is being forwarded to the Land Bank by the Treasury? Alan Mukoki, the chief executive who was called Alan Mkoti by Steven Grootes earlier today which means Alan 'in a hole'. Is Alan in a hole? You are the chief executive of the Land Bank, are you still the chief executive of the Land Bank? Alan Mukoki:
Yes Bruce I still am.
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