Ford Posts Largest Profit Since 1998, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 01/30/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- (NYSE:F) (Dearborn, Michigan) has been quietly motoring along throughout the recession and the years of slow recovery. While the other U.S. automakers were forced to completely rebuild themselves following their respective bankruptcies, Ford managed to avoid the entire mess, thanks to some timely borrowing and lines of credit arranged in the years just prior to the collapse of the U.S. automotive sector. Now that sales in the automotive sector have recovered, Ford is reaping the benefits of its patience. The automaker reported its largest profit since 1998 when earnings from 2011 were released last week, which made 2011 the second most profitable year in the automaker's history. Ford reported a net income of $20.2 billion in 2011, a significant increase from the $6.6 billion reported in 2010.
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Joe Govreau
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Datum: 30.01.2012 - 05:40 Uhr
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News-ID 1077381
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