Ford Motor Co. expects domestic demand to pick up next year as the financial crisis eases, Bloomberg News reported.  

Speaking in New Delhi, India, as part of a program introducing a new car, Ford CEO Alan Mulally said industrywide sales may be about 11 million this year, rise to 12.5 million next year and possibly to 14.5 million in 2011, Bloomberg said.

Ford expects to breakeven in 2011, Mulally said.

“The fundamental economy coming back is the absolute key,” Mulally said. The automobile market is looking “really good” currently, he said, according to Bloomberg.

By Light & Medium Truck