Ford CEO: U.S. economy may start improving in second-half

FoMoCo CEO Alan Mulally believes that the U.S. economy will begin improving in the second half of 2009.

“We think we are right on track to start this recovery,” Mulally told reporters today at the launch of the 2010 Ford Taurus.

“We are very rapidly moving on our plan to improve the balance sheet,” Mulally said. “Going forward, we will really accelerate that as we return to profitability and start repairing the balance sheet even more.”

According to the president of Ford’s Americas Mark Fields, the first part of June sales were “a little better” than May. While overall U.S. auto sales fell 33.7 percent in May, Ford limited its decline to 25.8 percent, reports Automotive News.

– By: The Daily Auto Editor