Ford Motor is now in better possition

The economic storm that battered the US automotive industry has forced Ford Motor Company into a better position, chief executive Alan Mulally said Friday. Ford has undergone an intense restructuring in recent years that has left it a leaner and more focused company. "We're on a clear path to profitability now," chief executive Alan Mulally told reporters. "It's probably in the strongest position it's ever been in." Mulally noted that 2009 was an intense year for the auto industry - particularly in Detroit where Ford rivals General Motors and Chrysler declared bankruptcy after a massive government bailout - but said the prospects for 2010 were improving. "We feel a lot more confident about the economy," Mulally said. Ford managed to finance its restructuring without resorting to government aid and also escaped bankruptcy protection.