AutoblogGreen

Visit AutoBlogGreen

Mulally: Ford's path to profitability based on electrification

Posted on June 27, 2009

2010 Ford Fusion Hybrid - Click above for high-res image galleryFord CEO Alan Mulally says the automaker is on track to return to profitability by 2011, despite posting a record $14.7 billion loss in 2008 and a forecast to continue posting losses through the rest of 2009 and 2010. A major portion of Ford's turnaround plan revolves around more and more electrification, both hybrids and battery electric vehicles, Mulally said shortly after the automaker accepted $5.9 billion in U.S. Department of Energy loans as part of the Advanced Technology Vehicles Manufacturing program to retool factories...

Original article link


battery , department of energy , electric , electric vehicles , ev , hybrid , hybrids , legislation , plug in