Ford’s new better idea: Turn a profit

Automaker to reverse losses, earn $2.7 billion

By Bob Vavra January 28, 2010

For the first time in four years, the Ford Motor Company will turn a profit, the company announced this week.
Buoyed by the success of its Focus and Fusion automobiles and with its public image burnished by the company’s refusal to take federal bailout dollars, Ford will make $2.7 billion in 2009 , a dramatic improvement over its $7.3 billion loss in 2008.
The company’s automobile division made $1.1 billion in 2009, and increased market share in the process.


Author Bio: Bob is the Content Manager for Plant Engineering.