Ford expects to return to profit in 2011 - CEO

Newswire

CHONGQING, China, Sept 25 (Reuters) - Ford Motor Co expects to return to profitability in 2011, its chief executive Alan Mulally said on Friday. When asked whether Ford can return to profitability in 2011, Mulally told Reuters: "Absolutely, we are on plan." In July, Ford posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt reduction plan, and said it was on track to at least break even in 2011. (Reporting by Fang Yan and Jacqueline Wong)

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