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Petrol Stop Home arrow News arrow Ford sees first full year profit
Ford sees first full year profit Print E-mail
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Friday, 29 January 2010
28 Jan 2010;deccanherald.com:Detroit: The Ford Motor Company earned $2.7 billion in 2009 and said on Thursday that it now expected to be profitable in 2010 as well. The profit for 2009, equal to 86 cents a share, was a swing of $17.5 billion from 2008, when the company lost $14.8 billion. It is Ford’s first full-year profit since 2005. The company ended 2009 with $25.5 billion in cash reserves, nearly twice the $13.4 billion it had at the start of the year. It also expects an operating profit in 2010, which is a year sooner than executives had previously said the company would become profitable.
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Last Updated ( Friday, 29 January 2010 )
 
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