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Back in Black: Ford Motor Company Announces First Annual Profit Since 2005

Posted in Ford, General, Newsworthy by Kurt Ernst | January 28th, 2010 | Leave a Reply |

Ford logo

Ford Motor Company released 2009 earnings on Thursday, reporting an annual profit of $2.7 billion. This represents the automaker’s first trip out of the red since 2005 and is a dramatic turnaround from 2008, when Ford reported losses of $14.8 billion.

Ford F150Ford F150, consistantly the best selling truck in the US.

Fourth quarter results between 2009 and 2008 were the most dramatic: in 2009, Ford earned $868 million, compared to a loss of $5.9 billion in Q4 2008.

Ford Fusion
Ford Fusion, their best selling passenger car in 2009.

Perhaps better news is their projection of profitability in 2010, which moves the company’s earlier projections of consistent profitability up by one full year.

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