FORD POSTS FULL YEAR PROFIT FOR 2009

Ford Motor Company ^ | 01/28/2009 | Ford Motor Company

[taildragger]

FOURTH QUARTER 2009 NET INCOME OF $868 MILLION; PLANS TO BE PROFITABLE IN 2010+

* Full year net income of $2.7 billion, or 86 cents per share, a $17.5 billion improvement from a year ago. Pre-tax operating profits of $454 million, a $7.3 billion improvement from a year ago++

* Fourth quarter net income of $868 million, or 25 cents per share, a $6.8 billion improvement from a year ago. Pre-tax operating profits of $1.8 billion, a $5.5 billion improvement from a year ago++

* Ford North America fourth quarter pre-tax operating profits of $707 million, a $2.6 billion improvement from a year ago++

* Reduced Automotive structural costs by $500 million compared with the fourth quarter 2008, bringing the total 2009 reduction to $5.1 billion, exceeding the target of about $4 billion

* Strong products drove full year market share gains in North America, South America and Europe as well as continued improvements in transaction prices and margins

* Ended the year with $25.5 billion of Automotive gross cash and $34.3 billion in Automotive debt

* Achieved positive Automotive operating-related cash flow of $3.1 billion for the fourth quarter. Full year

Automotive operating-related cash outflow was $300 million, a $19.2 billion improvement over 2008

* Ford Credit fourth quarter pre-tax operating profits of $696 million, a $1.1 billion improvement from a year ago

* For full year 2010, Ford plans to be profitable on a

pre-tax basis excluding special items, for North America, total Automotive and total company, with positive Automotive operating-related cash flow, based on its assumptions

[piperpilot]

Must be the two new cars I just ordered.

[taildragger]

Compare this Free Market Solution to the “Chicago Way” and the results....

[agrace]

Delightful, fantastic, laugh out loud, schadenfreude cool.

[jwparkerjr]

I wish I could afford to buy a new car, just so I could buy a Ford. We need a list of things we can do to show our support for the America the old farts among us grew up loving! Buying a Ford product would be on that list. So would contributing to a true conservative’s campaign to defeat a RINO in a primary and a Democrat in the general election. Buy several copies of Sarah Palin’s book.

We need a way to put our money where our mouth is. A way to make it clear that by using the power of our purse is being used to send a clear and unmistakable message to Obama and his minions. The message being that we love America and consider it to be the greatest nation in history and want it to be the beacon on the shore for anyone in the world who wants to live free.

There's no new car in my future, but if there was . . .

[SVTCobra03]

I love my Shelby GT500; it eats Camaros for breakfast and Challengers for lunch.

[GQuagmire]

Evil capitalists........lol

[RayChuang88]

And while the Obama Administration is literally wrecking GM and Chrysler with a lot of government control, Ford has been several steps ahead and will bring over cars that will be big hits in the USA:

2011 Ford Fiesta (five-door hatchback shown):

2012 Ford Focus (four-door sedan shown):

2012 Ford Grand C-Max (European version shown--US model will likely be very similar):

[mad_as_he$$]

Good for Ford.

[mad_as_he$$]

Good for Ford.

[truthandlife]

Probably because conservatives boycotted GM

[taildragger]

Ray,

You forgot the other Euro models that may come here!

The Kuga, Mondeo and S- Max! Just teasing, they will get here according to Ford in time.

[Glenn]

I saw a new SHO in traffic yesterday. Definitely a head-turner. No match for my Goat, of course, but I would consider one.

[RightGeek]

[piperpilot]

So funny you should say that about Camaros. I went to the local Ford dealership last week to work out the details on the new vehicles I was ordering from production and there was a one of the new Camaros sitting outside the showroom in the used car area. I asked the sales manager what the deal was with the Camaro, and he said a customer had bought the Camaro new, drove it for 2 weeks and traded it in for a Shelby. ‘Nuff said!

[reagan_fanatic]

Good for Ford. I wish them much success in the coming year as well.

[piperpilot]

The SHO is one nice looking car. I have been drooling over it since I first saw the brochure for the 2010 model. I almost bought one but decided that the Escape is more practical for me because I haul my dogs around in it.

[RayChuang88]

The Kuga will likely replace the Escape/Mariner small SUV.

The next-generation Mondeo will replace the Fusion/Milan.

And it's likely that the S-Max will replace both the Flex and Edge when the second-generation S-Max arrives in 2012.

Ford will soon wave "bye, bye!" to the competition from GM and Chrysler.

[Moose4]

If I could afford to buy a new ride right now, I’d look hard at Ford for sure (and it pains me to say that, being a proud Mopar guy and owner of a near-indestructible Dodge Ram for 14 years and 170k hard miles). I love the look of the Fusion—it’s the one hybrid I might actually give a crap about—and the newest F-150s. And my wife’s in love with Mustangs.

}:-)4

[STONEWALLS]

“I love my Shelby GT500; it eats Camaros for breakfast and Challengers for lunch.”

...I don’t have a Ford muscle car, but I LOVE the muscular return on my Ford shares of 44%....thanks, loyal Ford buyers!

Stonewalls, who has driven Ford pickups since 1965