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View Full Version : Ford Earns First Annual Profit In 4 Years


cobrabitn
01-31-2010, 12:04 PM
Ford Motor Company has defied the economic conditions in 2009 with a 2.7 billion dollar profit for the year. This was the first annual profit in 4 years and they expect to stay in the black in 2010.

Their full year revenue was 118.3 billion which is 14 percent less than in 2008. The Dearborn, MI, company benefited from 5 billion in cuts in manufacturing, advertising, and engineering and a 1.3 billion dollar profit from Ford Motor Credit.

"It's still a work in progress" said their CEO, Alan Mulally. Ford was considered the weakest among the Big 3 in 2008 but is now in the best position to move forward. Ford made money in three of the last 4 quarters and turned its 4th quarter around from a 5.9 billion dollar loss in 2008 to a 868 million dollar gain. Ford stock was predicted to show a .26 per share net gain but were surprised to see a .43 a share which overwhelmed the analysts predictions for the last quarter.

With the controversy of Toyota and their gas pedal recall, could this allow Ford Motor Company to move into the top spot for sales and revenue? Only time will tell but 2010 will be a pivotal year for the Blue Oval.