Ford is working on its third North American turnaround effort since Bill Ford took over as chief executive in 2001. (Last week, he handed over the chief executive s title to former Boeing executive Alan Mulally , but Ford remains executive chairman.) Bill Ford conceded in July that his latest plan, launched in January, didn t go far enough or fast enough.
Boeing reported a 13% increase in first-quarter earnings Wednesday, as a smaller tax bill helped the company offset softer revenues driven by a decrease in its commercial airplane business.