Alan Mulally Comments On Ford Results

"We delivered a very strong second quarter and first half of 2010 and are ahead of where we thought we would be despite the still-challenging business conditions," said Ford F President and CEO Alan Mulally. "We remain on track to deliver solid profits and positive Automotive operating-related cash flow for 2010, and we expect even better financial results in 2011. "Our progress is being led by the strength of our new products and our leaner, global structure," Mulally added. "Customers are responding to our strongest ever product lineup - a full family of vehicles with world-class quality, fuel efficiency, safety, smart design and value." Ford's (F) second quarter revenue was $31.3 billion, up $4.5 billion from the same period a year ago. Excluding Volvo revenue from 2009, Ford's revenue in the second quarter was up $7.4 billion compared to 2009, or over 30 percent.