Looks like it. He could get a promotion this week to COO. Read on:
http://www.bloomberg.com/news/2012-09-11/ford-said-near-naming-fields-as-coo-in-mulally-succession-plan.html
http://www.bloomberg.com/news/2012-09-11/ford-said-near-naming-fields-as-coo-in-mulally-succession-plan.html