Friday, January 29, 2010

Ford Makes Profit Of $2.7 Billion In '09

Every one of these cars bought, every dollar that went into Ford's pocket - and all the losses of GM and Chrysler - are votes against Obama.

From Weasel Zippers:

Americans are buying cars/trucks from American owned businesses, not America-owned businesses . . . Booth said Ford Motor Credit will remain profitable this year although it will be lower than the 2009 results.

"Our receivables will take a substantial hit in 2010 as the industry continues to downsize and we are rolling off receivables from Jaguar, Land Rover and Volvo," Booth said.

Net income for the fourth-quarter was $868 million, or 25 cents a share compared with a loss of $5.98 billion, or $2.51 a share. Excluding items, the company reported a 43-cent earnings-per-share profit, exceeding the Thomson-Reuters analyst estimate of 26 cents a share. The auto maker's fourth-quarter revenue was $35.4 billion.

Ford's full-year 2009 profit was $2.7 billion, compared with a loss of $14.7 billion the previous year. Revenue for the full-year was $118.3 billion.


cjk said...

Well now those immoral, stingy, evil, money grubbing, SOB's at Ford obviously need to be specially taxed by precedential decree in order to help the good guys at GM and Chrysler to pay back those gracious Govt. bail outs!!!

Anonymous said...

Wow.... your comment put something into light for me. I am going to run out and buy a FORD!!!!

Pastorius said...

Obama would deny what I say, but what other reason could there be for the fact that Chrysler and GM continue to go down while Ford gets better.

My brother in law is a relatively apolitical person. Even he calls GM, "Government Motots."