FORD PRESIDENT AND CEO Alan Mulally has told journalists that he expects to see the American automaker return to profitability in 2011, with the company making a gradual recovery from last year’s crippling global financial crisis.

Slow improvements in the overall condition of the world economy is expected to see Ford sales rise from 10.5-11 million [...]

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LAST YEAR, 2008, especially the third and fourth quarters following the pivotal failure of the Lehman Brothers Bank in the US, was a difficult time for the global car industry. Frozen financial markets, the European, Japanese and US economies in recession and collapsing consumer confidence everywhere, put a stake through the industry.

Nothing new in that [...]

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