The Ford Motor Co. submitted its plan to Congress to qualify for federal aid, saying it does not foresee a possibility of profit before 2011, abandoning any possibility of making money in 2009 as previously pledged.

In a press release detailing the plan submitted to lawmakers, Ford said it was asking for $9 billion although management hoped to complete a turnaround without accessing those funds.

"For Ford, government loans would serve as a critical backstop or safeguard against worsening conditions as we drive transformational change in our company," said Ford CEO Alan Mulally, who also announced his intentions to work for $1 a year if Ford draws money from the loans.

Additionally, Ford will sell its five corporate jets, a response to criticism generated last month when the heads of the Detroit Three went to Washington to ask for a bailout on private jets.

Ford will continue with the plan set in place by Mulally which calls for faster development of new products, principally fuel efficient vehicles and hybrids that are in high demand by the public. The company will introduce a number of small cars previously available in Europe only to the U.S. market in 2010.

Approximately $14 billion will go for the development of advanced technologies over a seven year span that will include the sale of a line of hybrids, plug-in hybrids, and battery electric vehicles by 2012.