Ford's biggest profit

• Source: ShanghaiDaily
• [08:34 January 30 2011]
• Comments

Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company.

Ford last year earned $6.6 billion, or $1.66 per share, versus $2.7 billion, or 86 cents per share the year before.

Without one-time items such as charges for debt reduction and the discontinuation of its Mercury brand, Ford would have earned only $1.91 per share, short of the $2.05 expected by analysts.