"The best thing we can do for value creation is to continue to implement the Ford plan of delivering a viable, exciting, profitably growing company," Mulally continued. "I think that will be appreciated over time."

Various analysts continue to maintain buy ratings on Ford. S&P Capital IQ analyst Efraim Levy has a buy. Goldman Sachs analyst Patrick Archambault has an "attractive" and a $14 price target. Jefferies analyst Peter Nesvold has a buy and a $14 price target, although he cautions that "it will take patience."

"This company is still making money, a lot of money," Nesvold wrote in a note, following the earnings call. "However, until a definite plan is revealed to stem losses in Europe, investors remain wary. With the stock trading at 3.1 X EBITDA, we think the shares are too cheap to sell."

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

>To follow the writer on Twitter, go to http://twitter.com/tedreednc.

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