Ford balance sheet a priority before dividend |
Reuters - May 13, 2010 |
Ford Motor Co (F.N) expects earnings improvement in 2011 after solid profits in 2010 as its turnaround gains traction, executives said at its annual meeting of shareholders on Thursday.
Ford Chief Executive Alan Mulally said improvement in the economy globally and a strong new vehicle lineup gave him confidence in expecting a "continuing improvement" in 2011.
"It's a slow gradual recovery, especially in the United States, but very solid fundamentally," Mulally told reporters after the meeting.
Ford, which posted a profit in 2009, is focused on reducing a high debt load, but would make dividend reinstatement a topic for future discussion after it addresses its balance sheet, Executive Chairman Bill Ford Jr. said.
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- Posted: 2010-05-13 10:56:01
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