Associated Press | Ford CEO Alan Mulally told shareholders Thursday that the automaker should be “solidly” profitable in 2010 as it recovers from a sharp downturn in the auto industry. At the company’s annual meeting in Delaware, Mulally said that Ford should also see “continuing improvement” into 2011.

His predictions follow four consecutive profitable quarters for Ford Motor Co., which has rebounded better than most rivals from a historic plunge in auto sales during the recession. Ford posted staggering losses in 2008 and early 2009.

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