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Ford expects to return to profit zone by 2009

Business Materials 13 January 2008 23:33 (UTC +04:00)

( dpa )- The US car manufacturer, Ford, which is battling billion-dollar losses, expects to make a profit again in 2009, said Chief Executive Officer Alan Mulally Sunday at the Detroit Motor Show.

Europe, Asia and Latin America were already profitable markets for Ford with growth potential, he added.

The second-largest US car manufacturer had incurred losses of more than 2 billion dollars in 2006 and also sustained an additional loss of 380 million dollars in the third quarter of 2007.

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