Summary Box: Ford projects “solid” 2010 profits, 2011 growth
By APThursday, May 13, 2010
Summary Box: Ford sees profits in 2010, 2011
FORD PROFITS: Ford tells shareholders it will be “solidly” profitable in 2011, with growth continuing into 2011.
FORD REBOUND: Ford has posted four straight quarterly profits. That follows huge losses in 2008 and early 2009 when the auto industry crumbled.
DEBT CONCERNS: Ford is still carrying a big debt load — about $34 billion. And it says there are no plans to reinstate a dividend, which it last paid to shareholders in 2006.
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