Asia

Ford Records $8.8 Billion Operating Profit in 2011

Ford Records $8.8 Billion Operating Profit in 2011

Ford Logo

Despite a tough fourth quarter, 2011 proved to be a good year for Ford. The American automaker posted operating profits of $8.8 billion (or $1.51 a share) for the year, making it the third consecutive year that the once struggling company has been in the black. The $8.8 billion was an increase of $463 million over 2010′s earnings.

“We delivered strong results for the full year as we continued to serve our customers around the world with best-in-class vehicles and make progress toward our mid-decade goals,” said Alan Mulally, Ford president and CEO. “Despite the continued uncertainty in the external environment, the strength of our North American and Ford Credit operations allows us to continue to invest for future growth and develop outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value.”

Ford’s net income, including a one-time special item, for the full year amounted to $20.2 billion, its highest since 1998. Most of the earnings came from the automaker’s North American operations. In contrast, both its European and Asia Pacific/Africa operations reported pre-tax operating losses.

GET THE HOTTEST CAR NEWS
Join a growing list of car enthusiasts who receive our newsletter to stay up to date with the ever-changing automotive industry. It's free!
We hate spam. Your email address will not be sold or shared with anyone else.

Asia

More in Asia

Kia Novo Concept, green

Kia Will Get New Rear-Wheel Drive Sedan in 2017

Speedy GoFeb 5, 2016
Ford logo

Ford Stops Selling Cars in Japan and Indonesia

Kwame OwusuJan 25, 2016
Hyundai Santa Cruz pickup truck

Hyundai Santa Cruz Truck Gets The Green Light

Kwame OwusuJan 15, 2016
New, 2017 Genesis G90 flagship sedan

2017 Genesis G90 Sedan Revealed, Ushers in Hyundai’s New Luxury Brand

Kwame OwusuJan 13, 2016
Hyundai Ioniq Hybrid, rear

Toyota Prius-Fighting Hyundai Ioniq Hybrid Gets Detailed

Kwame OwusuJan 9, 2016
Hyundai ix35 Fuel Cell

Hyundai Developing New Hydrogen Car With Over 500-Mile Range

Kwame OwusuJan 7, 2016
Hyundai Genesis G90 sedan

Hyundai’s New Genesis Brand Gets Ex-Lamborghini Exec as Head

Kwame OwusuDec 28, 2015
2016 Chevrolet Malibu, cherry red

Chevrolet Dominates 10 Most Searched Cars of 2015 on Google

Kwame OwusuDec 20, 2015
Shares