US: Ford makes $2.7bn net profit in 2009

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Ford Motor on Thursday reported full year 2009 pre-tax operating profit, excluding special items, of $454m, a $7.3 billion improvement over a year ago. Full year net income of $2.7 billion, or 86 cents per share, was helped by favourable pricing, structural cost reductions, net gains on debt reduction and strong Ford Credit results. Full story...