Friday, January 21, 2005

Ford Earns $3.9 Billion

Ford earned $3.9 billion in net profits in 2004. Of this, $2.9 billion came from financing operations. North American car & truck operations earned $1.9 billion.

Overall, it appears that Ford's recovery is well underway. The $2.9 billion in earnings will make up over half of the $6.4 billion in losses ford suffered in 2001 and 2002. Ford's pipeline of upcoming models is better than it has been in years, and some of the most recent models have yet to make their impact.

Legacy costs seem to be hurting Ford just like General Motors, but not to the same degree.


Ford's full-year profit up sevenfold from '03
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