Ford posted its first annual profit in the last four years

American car manufacturer Ford has announced that in 2009 managed to obtain a net profit of 2.7 billion dollars for the first time in the last four years. In 2008, Ford has had losses, record of 14.7 billion dollars.

Ford, the only major car manufacturer in the United States has avoided bankruptcy last year, reported a net profit of 2.7 billion U.S. dollars in 2009. Ford revenues were higher by 22% reaching 35.4 billion dollars.

American company sold 4.81 million cars in 2009, 10.9% fewer than the previous year, when he had a volume of 5.407 million units sold to customers.

In the last quarter of last year, Ford earned a net profit of $ 868 million, or 25 cents per share, compared with a loss of 5.98 billion or $ 2.5 per share for the same period of 2008.

Europe: in the 2009 fourth quarter, Ford Europe reported an operational profit of 305 million dollars, compared with a loss of 338 million the previous year. Improving fiscal results are due to decrease material costs, higher volumes, favorable pricing and a structural reduction in costs, according to press release American manufacturer.

The company announced that it expects a "solid profit" in 2011, but was not reserved for the current year forecasts.

Source: http://www.ford.com/

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