Empresas y finanzas

Ford sees at least breakeven in 2011



    (Reuters) - Ford Motor Co said on Tuesday it expects overall and North American automotive business pretax results to break even or be profitable in 2011.

    Highlights:

    * Says submits business plan to Congress

    * Says plans electric vehicles

    * Says will sell its corporate aircraft as part of overall cash improvement

    plan

    * Says asking for access to up to $9 billion of bridge financing

    * Says does not anticipate a liquidity crisis next year, barring a bankruptcy

    of one of its domestic rivals * Says hopes to complete its transformation without accessing government loan

    * Says company plans call for investment of about $14 billion in the US on

    advanced technologies and products for fuel efficiency over next seven years

    * Says in discussions with UAW to further reduce cost structure

    * Says to provide more details on electrification of vehicles at Detroit auto

    show

    * Says CEO Mulally would work for $1/yr salary if Ford does access funds

    * Says canceling all 2009 bonuses for management worldwide, bonuses for all

    employees in North America

    * CEO Mulally says government loans to serve as 'critical backstop'

    * Says to continue to reduce its dealer and supplier base, estimates it will

    have 3,790 dealers by end of 2008

    (Reporting by David Bailey, Poornima Gupta and Soyoung Kim)