This is why Ford never required any government aid to sail past recession – the American brand always had its fundamentals right, and now, under the able leadership of Alan Mulally, the company seems to be setting new records in profitability. Ford had posted a second quarter profit of $2.6 billion, that’s $338 million more than what they managed to achieve during the same period last year. Before taxes, Ford has managed to earn $2.9 billion, which is the company’s best quarterly performance in six years since 2004.
According to Ford’s President and CEO, Alan Mulally, “We delivered a very strong second quarter and first half of 2010 and are ahead of where we thought we would be despite the still-challenging business conditions. We remain on track to deliver solid profits and positive Automotive operating-related cash flow for 2010, and we expect even better financial results in 2011.”