Ford Motor Company thriving in harsh times

From Bloomberg:

Ford Motor Co. forecast a 2010 pretax operating profit and posted $2.7 billion in net income for last year as Chief Executive Officer Alan Mulally reaped the benefits of his recovery plan after three annual lossesFourth-quarter earnings were $868 million, or 25 cents a share, compared with a year-earlier net loss of $5.98 billion, or $2.51, Ford said yesterday. Excluding one-time costs, profit was 43 cents a share, beating analysts’ estimates.

The full-year profit was Mulally’s first since coming from Boeing Co. in 2006. Dearborn, Michigan-based Ford gained U.S. market share for the first year since 1995 with new models such as the revamped Taurus sedan while the predecessors of General Motors Co. and Chrysler Group LLC reorganized with federal aid.

Continue reading Ford forecasts 2010 profit as Mulally ends three annual losses


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