DETROIT -- Ford Motor Co. CEO Alan Mulally joined the automaker in September 2006 as the company was sliding towards a $12.6 billion loss for the year. Since then, it's been two more annual losses followed by three straight years of profit. That includes $20.2 billion in 2011 net income -- aided by a one-time, $12.4 billion tax-related gain in the fourth quarter -- reported today.
Here's a look back at some quotes along the way from the 66-year-old former Boeing executive credited with the automaker's ongoing recovery:
"We began aggressive actions in 2006 to restructure our automotive business so we can operate profitably at lower volumes and with a product mix that better reflects consumer demand for smaller, more fuel efficient vehicles. We fully recognize our business reality and are dealing with it."
-- Jan. 25, 2007, after reporting the $12.6 billion loss for 2006
"Although our automotive operations are improving on a year-over-year basis, the U.S. economy is slowing, and the outlook for the auto industry remains challenging."
-- Jan. 24, 2008, after a $2.7 billion loss for 2007
"Ford and the entire auto industry faced an extraordinary slowdown in all major global markets in the fourth quarter that clearly had an impact on our results. We continued to take the decisive actions necessary to lower production to match the lower worldwide demand and reduce costs, which we expect will allow us to significantly reduce negative operating cash flow in 2009 and position Ford for growth when the economy rebounds. The progress we continued to make in the fourth quarter gives us great confidence that we have the right plan, the right people and the right products to create a viable, profitably growing Ford for all of our stakeholders."
-- Jan. 29, 2009, after a $14.8 billion loss for 2008
"While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford and the strongest proof yet that our One Ford plan is working and that we are forging a path toward profitable growth by working together as one team, leveraging our global scale. In every part of the world, we are providing customers with great products, building a stronger business and contributing to a better world. Our progress has helped us gain market share in most of our major markets."
-- Jan. 28, 2010, after reporting net income of $2.7 billion for 2009
"Our 2010 results exceeded our expectations, accelerating our transition from fixing the business fundamentals to delivering profitable growth for all. We are investing in an unprecedented amount of products, technology and growth in all regions of the world."
-- Jan. 28, 2011, after reporting net income of $6.6 billion for 2010
"We delivered strong results for the full year as we continued to … make progress toward our mid-decade goals. Despite the continued uncertainty in the external environment, the strength of our North American and Ford Credit operations allows us to continue to invest for future growth and develop outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value."
--Jan. 27, 2012
From staff reports, company documents, Bloomberg