By Associated Press
Undated – Ford CEO Alan Mulally says his company is better positioned to withstand rising gasoline prices compared with three years ago, when $4 gas battered the auto industry.
Ford's top executive says the company has revamped its vehicle lineup to offer more small and mid-size cars that appeal to more customers as gas prices climb.
The national average for a gallon of gasoline has surpassed $3.50 and many drivers on the west coast are paying close to $4 a gallon or more.
Mulally says the company didn't expect gas prices to rise as quickly as they have in the U.S. But he said Ford is "positioned with the right product line now."