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Companies / United States

Ford Reports First Profit In Four Years

January 2010 | Company Finance Alert

US carmaker Ford Motor posted a Q409 gain of US$868mn, which contributed to a full-year profit of US$2.7bn - the company's first since 2005. The results have led CFO Lewis Booth to forecast a profit for 2010, while sticking to the 'solidly profitable' target for 2011. However, there are still challenges to be faced and the company's restructuring is still 'a work in progress', according to CEO Alan

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