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Ford CEO Sees No Auto Recovery Until 2010

Stock quotes in this article: F , GM  

Ford Motor(F Quote) CEO Alan Mulally expects no recovery in the global car market until 2010, and reiterated that a bankruptcy filing for the auto maker wasn't a consideration, according to published reports.

"2009 is not going to be better than 2008," Mullaly told reporters at the Paris Auto Show, Reuters reports, after he was asked to comment on a 34% decline in Ford's U.S. sales in September.

"We won't see a recovery until 2010," he added, noting all markets were down around the globe, according to Reuters. ...

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