Ford’s Restructuring Strategy Stress-Test Certified, Mulally Says

Ford Motor Co. is confident its newly accelerated restructuring strategy will hit internal targets, because it already has “stress-tested” the plan against some worst-case scenarios, the auto maker’s top executive says.

The latest tweak in Ford’s game plan includes retooling some truck plants to make cars and infusing new, small, more fuel-efficient European-market vehicles into its U.S. Ford, Mercury and Lincoln lineups.

In late 2006, after securing some $23 billion in ...