If you’re one of those investors still questioning whether you should jump in on the FoMoCo stock, CEO Alan Mulally said today that the company should be “solidly” profitable in 2010 as it recovers from a sharp downturn in the auto industry.
Talking to shareholders at Ford’s annual meeting in Delaware, Mulally said that Ford should also see “continuing improvement” into 2011.
Mulally’s words follow four consecutive profitable quarters for Ford.
“Ford has the right plan to lead us through the near-term economic and operating pressures, and continue to deliver profitable growth,” Mulally said.
Mulally, 64, has led FoMoCo since 2006 and Chairman Bill Ford says that the company would like Mulally to stay as long as he wants.
– By: Omar Rana