Behind the Wheel with Phil Lebeau

Ford's Mulally Expects Solid Profits from Here on Out

Share

The cautious optimism is gone - replaced with a confidence in a profitable future.

Alan Mulally
Stan Honda | AFP | Getty Images

For Ford CEO Alan Mulally the company has transitioned into a new phase of growth.

From here forward, Ford not only will be expected to be solidly profitable.

And not just in most parts of the world, but in every region- including the U.S.

What's changed?

A lot.

Look at Ford's first quarter earnings:

  • 2.1 Billion profit. The highest quarterly profit in 6 years
  • $1.2 Billion in profits in North America, nearly $2 Billion better than a year ago
  • Ford's market share jumping 2.7 % in the quarter fueled a surge in sales and helped generate $28.1 Billion in revenue.

Now Mulally has moved up Ford's profit outlook by a year, saying Ford expects to be solidly profitable this year, instead of next year. As Alan Mulally told me this morning, "This shows we are delivering profitable growth."

VIDEO0:0000:00
Ford Revs Up Profits

In layman terms Ford is no longer a tentative recovery, it's now expected to crank out earnings growth every quarter. And the comparisons from here will start to get tougher.

But that's a problem Alan Mulally would rather have than what he faced last year when the company nearly collapsed.

__________________________

Click on Ticker to Track Corporate News:

- Ford Motor 

- Toyota Motor

- Nissan

- Honda Motor

___________________________

Questions?  Comments?  BehindTheWheel@cnbc.com