As the auto industry continues to recover from a harsh downturn that led to bankruptcies and bailouts, Ford has emerged as a force to to be reckoned with. Ford has become a leading innovator and sales continue to climb. Ford CEO Alan Mulally is also expecting that the company will become “solidly” profitable in 2010.
At a meeting with shareholders this week in Delaware, Mulally promised continuing improvement as 2011 nears. His speech comes at a time when Ford has experienced four consecutive profitable quarters.
“Ford has the right plan to lead us through the near-term economic and operating pressures, and continue to deliver profitable growth,” Mulally said.
While there is plenty to be optimistic about, Ford Motor Co. Executive Chairman Bill Ford Jr., the great-grandson of company founder Henry Ford, admits there’s still plenty of recovery and repairing that needs take place.
“It is the very early days in our recovery. We still have a lot of debt,” said Ford Jr.
Nevertheless, Mulally has orchestrated such a dramatic turnaround at the company, that even Bill Ford hopes that the former Boeing executive will stick around “as long as he wants.”
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