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Mulally Says Ford's Profitability Based On Hybrids & EVs

Tuesday July 21st, 2009 at 7:77 AM
Posted by: tonyb

Alan Mulally

Alan Mulally, CEO of Ford, recently commented on the future of his car company and made a statement that most motorheads would have thought inconceivable a matter of months ago. Mulally said that a key portion of Ford’s future plans center on “more and more electrification, both hybrids and battery electric vehicles.” In addition to that, he also made some predictions as to when the Blue Oval would be in the black.

The Ford CEO said that the automaker is on path to be profitable by 2011. If he was talking about the first quarter, that’s a scant 18 months away. And for a company that posted record losses of $14.7 billion in 2008, and forecast continued losses through the rest of 2009 and through 2010, that’s a pretty amazing thing to say. And something to keep in mind is that Ford is the only American manufacturer to turn down bailout money from the feds. Of course, they were also in much better shape, product-wise than either GM or Chrysler.

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