Ford’s Mulally lays down the law with big forecasts!

From AutoNews.com:

DETROIT (Bloomberg) — Ford Motor Co. said growth in Asia and increasing demand for small cars will boost global sales 50 percent to 8 million vehicles annually by 2015 as the automaker switches gears from restructuring to expansion.

“Growth is a new skill to learn for us,” Chief Financial Officer Lewis Booth said today in an interview in New York. “We’ve been good at restructuring businesses over the last decade. Growth takes practice.”

CEO Alan Mulally told investors today that the automaker expects that by 2020, 55 percent of vehicle sales will be small cars and a third of sales will be in Asia, Booth said.

“Fifty percent is a large number,” Mulally said of the growth target on Bloomberg Television today. “But it’s off a tremendous foundation we have laid to support that.”

Ford executives, on a tour of Wall Street today, also said:

• Total Automotive debt will be reduced to about $10 billion by 2015, down from $16.6 billion at March 31, 2011 and from $33.6 billion at the end of 2009.

Read the full article.

  

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