AUTOSHOW-UPDATE 2-Ford still restructuring metro dealers

* CEO says much of Ford restructuring completed

* CEO says some work to do on metro dealers, parts makers

* Says will remain CEO as long as Ford wishes (Adds quotes from CEO on restructuring, Volvo, byline)

By David Bailey

DETROIT, Jan 12 (Reuters) - Ford Motor Co (F.N) has just about completed the restructuring part of its turnaround plan though it has some work to do on its supply base and metro area dealerships, Chief Executive Alan Mulally said on Tuesday.

Mulally, who was hired by Ford away from Boeing Co (BA.N) in 2006 to lead the turnaround, said he had would stay at the head of the automaker "as long as I'm contributing and Ford wants me."

Ford, the only large U.S. automaker not to reorganize under a government-funded bankruptcy in 2009, has been in a long-term restructuring to cut excess production capacity and rebuild its lineup focused on the Ford, Lincoln and Mercury brands.

"We are just about there as far as the restructuring," Mulally said at the Automotive News World Congress. "It has been dramatic, it has been awful in so many different ways to have to restructure yourself in this dramatic fashion."

Mulally said the automaker still has some work to do in reducing the number of dealers in some large metropolitan areas where there are too many as a vestige of a period when the automaker had a far higher U.S. market share.

Ford also is gradually moving toward having fewer auto parts suppliers with more capability, he said.

"With all of the volume projections that everybody has been making to the suppliers over the years... we ended up three years ago, one could argue, with anywhere between 50 to 100 to 150 percent overcapacity in the industry in total," he said.

Separately, Mulally said the automaker's planned sale of its Volvo car brand was going very well. Volvo is the last remaining brand in Ford's former premier auto group that included Jaguar, Land Rover and Aston Martin.

Ford has named China's Zhejiang Geely preferred bidder for the Volvo unit and has said it expected to close the deal to sell the brand in the second quarter of this year.

Mulally said Ford is not looking at other bidders for Volvo and has not set a specific closing date for the sale, which he described as a complicated process. (Reporting by David Bailey; Editing by Matthew Lewis and Tim Dobbyn)