Mulally: Ford is on plan for profit in 2009

According to Ford’s CEO, Alan Mulally, Ford is on track for returning to profit in 2009. “We’re going to make progress and have less of a loss than we had year-over-year,” Mulally said at an industry conference. “And we’re on our plan for 2008 (to) return to profitability in 2009.”

“I’m very encouraged by the progress that everyone is making by pulling together around this plan,” he added.

Ford is coming off of a $12.7 billion loss in 2006, the worst financial results in its 103-year history. Also in a government filing today, Ford said that it got $931 million for Aston Marin.


Source: Reuters

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