Ford Debuts $1 Million Mulally Engineering Scholarship Program

Ford Motor Co. has set up an undergraduate engineering scholarship program honoring retired CEO Alan Mulally.

The program will grant 10 one-time $10,000 scholarships per year to selected sophomore or junior engineering students who are working toward degrees in the automotive field at "premier partner" universities worldwide.

The new program, which is part of the company's Ford Blue Oval Scholars initiative, will begin next spring.