Ford Motor Co. said on Wednesday said it was on track to achieve its mid-decade target of $7 billion in pre-tax profit, Reuters reports.
 
In slides prepared for a presentation to analysts, Ford said that it is also on track to launch 40 products, with a particular focus on cars.

"We made good progress; we are building momentum, excited about the future," Chairman and Chief Executive Bill Ford told a gathering of analysts, according to the Reuters report.

Ford also said it will be more aggressive about offering new products in new markets like China and India, the report said.