In a surprise move, Bill Ford Jr., the great-grandson of company founder Henry Ford, announced that he was stepping aside as CEO of Ford Motor Co., to make room for Boeing executive Alan Mulally. Mulally is widely credited with restoring Boeing's flagging fortunes in the wake of the airline industry downturn that followed the 9/11 attacks. Ford will remain chairman and says he plans to have an "active partnership" with Mulally.

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