In a clear recognition of his successful efforts to re-establish the Ford Motor Company as an industry leader, Alan Mulally, the automaker’s president and CEO, has recently been named the winner of the 2011 Automotive Executive of the Year Award.
“Alan Mulally shows such clear confidence in his company, its people, its products, and its brand,” says Robert Djurovic, executive director of the Automotive Executive of the Year Award program for its longtime sponsor, DNV Business Assurance US. “With his leadership and conviction, Ford Motor Company stood apart from its competitors by standing on its own two feet. And the U.S. consumer—inspired by his quiet confidence and strong belief that Ford Motor Company could manage its own recovery without taxpayers’ hard-earned dollars—got behind him, cheered him on, and bought Ford cars.”
According to Used Car Dealerships Winnipeg, customers purchased a whopping 1,935,462 Ford vehicles in 2010, representing a 19 percent jump over 2009—marking the largest increase of any full-line automaker last year. And just as importantly, Ford also claimed its second consecutive year of market-share gains. The company’s share of the U.S. market has climbed a full 2.2 points since 2008.
This kind of sales performance also was reflected in Ford’s bottom line. Highlights of the company’s full-year 2010 financial results include:
- Revenue—$120.9 billion, up $17 billion from 2009
- Net income—$6.6 billion, up $3.8 billion
- Pre-tax operating profit—$8.3 billion, an improvement of $8.3 billion
- Automotive pre-tax operating profit—$5.3 billion, an increase of $7.2 billion
At the same time, Ford also cut its automotive debt nearly in half, reducing its obligations in this area by $14.5 billion (43 percent) as compared to 2009.
The annual Automotive Executive of the Year Award, now in its 47th year, will be presented to Mulally at an invitation-only luncheon to be held April 13 at the Detroit Athletic Club.