Things are looking up for Ford Motor Co., which posted a fourth-quarter profit recently and swung to a profit for the year with the help of accounting gains. Ford also forecasted an operating profit for 2010.
Previously, Ford had said that it doesn’t expect to be “solidly profitable” until 2011. But these figures indicate continued progress in CEO Alan Mulally’s recovery efforts to lessen the blow as it sees its weakest US sales in 27 years. Ford has already made history as being the only large US automaker not to reorganize under a U.S. government-supported bankruptcy in 2009.
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