This morning Ford Motors posted it’s first profit in nearly 4 years. According to the report the company made $2.7 billion in 2009, its first annual profit in four years. The automaker on Thursday also forecast a full-year profit in 2010. Earlier it had only promised to be “solidly profitable” in 2011.
Ford benefited from cost-cutting, a $696 million profit in its credit arm and popular cars and trucks like the Ford Fusion midsize sedan and Ford Escape small sport utility vehicle. It gained market share in North and South America and Europe, despite the worst U.S. sales climate in 30 years.
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