Ford hopes to bring profits as soon as 2011 without government loans

Posted: May 14, 2009
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FoMoCo announced today that its restructuring efforts are on track and will be completed without the need of an emergency government bridge loans. In a meeting with 98 shareholders at the Hotel du Pont in Wilmington, Delaware, Ford said that it hopes to bring profit as soon as 2011.

The Dearborn automaker said that it has also approved the company’s funding plan for a healthcare trust for UAW retirees.

Executive Chairman Bill Ford said that the current industry environment is the worst and toughest he’s seen in his three decades in the business.

“We are confident that we will not only survive this downturn, but that we will emerge as a lean, globally integrated company poised for long-term profitable growth,” Mulally told the 98 shareholders.

- By: Kap Shah

Source: Reuters


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  • zermatt

    Support the automaker that is not beholden to the government and is not participating in the social re-engineering that is taking place.

    As the president's buddies, the UAW and the Greens, continue to make their “improvements” to GM & Chrysler; Ford is the only choice for the auto enthusiast.

  • Neil

    Zermatt I totally agree with you (again, scary!!!)

    and lets face Ford has got some pretty darn good cars to choose from .
    The Fusion is the best car in America
    The Edge is the Best large cross-over
    The 2010 Fiesta is going to be the Best Small car and kick some import ass!

    and if they go ahead and base the next Escape on the European Kuga (Fiesta/focus based crossover) they will have the best small cross-over

  • zermatt

    Support the automaker that is not beholden to the government and is not participating in the social re-engineering that is taking place.

    As the president's buddies, the UAW and the Greens, continue to make their “improvements” to GM & Chrysler; Ford is the only choice for the auto enthusiast.

  • Neil

    Zermatt I totally agree with you (again, scary!!!)

    and lets face Ford has got some pretty darn good cars to choose from .
    The Fusion is the best car in America
    The Edge is the Best large cross-over
    The 2010 Fiesta is going to be the Best Small car and kick some import ass!

    and if they go ahead and base the next Escape on the European Kuga (Fiesta/focus based crossover) they will have the best small cross-over