Ford Motor Company (F) Climbs 5% after CEO's Comments

Ford Motor Company (NYSE: F)  surged 5.60% to $7.40 on huge volume of 56.21 million shares after company CEO Allan Mulally said the company is expecting US auto sales to rise over the next two years as the global economy recovers from the current downturn. He also reiterated his belief that the company will return to profitability in 2011.

The stock has a 52-week range of $1.01-$8.86. Till now during the current calendar year the stock has usrged over 223%.