HA HA HA HA: Ford to be profitable in 2011:

From Mish's Global Economic Trend Analysis

"Ford sees at least breakeven in 2011

In what has to be the joke of the day, Ford sees at least breakeven in 2011.

Ford Motor Co said on Tuesday it expects overall and North American automotive business pretax results to break even or be profitable in 2011.
* Says submits business plan to Congress
* Says plans electric vehicles
* Says will sell its corporate aircraft as part of overall cash improvementplan
* Says asking for access to up to $9 billion of bridge financing
* Says does not anticipate a liquidity crisis next year, barring a bankruptcy of one of its domestic rivals
* Says hopes to complete its transformation without accessing government loan
* Says company plans call for investment of about $14 billion in the US on
advanced technologies and products for fuel efficiency over next seven years

Ford To Break Even in 2009

Flashback May 22, 2008: Ford To Break Even in 2009

Ford said Thursday it likely will not hit its target to be profitable in 2009, but will just break even, due to the deteriorating economy, soaring gas, steel and other commodity prices and a dramatically shifting consumer preference toward fuel-efficient cars and crossovers from more lucrative trucks and SUVs.

Ford CEO Alan Mulally in a statement issued by Ford Thursday morning. "Overall, we expect to be about break-even companywide in 2009 -- with continued strong results in Europe and South America."

Ford To Be Profitable in 2009

Flashback November 8, 2007 Despite $380 million loss, Ford is optimistic

Ford said it was on track to meet its goal of being profitable in North America and in all of its automotive operations by 2009.

Ford To Be Profitable in 2008

Flashback Jun 22, 2006 Ford on track to be profitable in 2008

Ford Motor Co. said it was on track to meet its goal of making its North American auto business profitable by 2008 and remained committed to that target.

Mark Fields, Ford's president of the Americas, announced the company's upcoming vehicle line-up and a push to offer more fuel-efficient vehicles.

Forgive me for not believing a damn thing Ford says."