Hitch A Ride With Ford On The Path To Profits
Ford Motor Company (NYSE:F) just celebrated its first annual profit since 2005. After losing $6.9 billion in 2008, the automaker reported a full-year net profit of $2.7 billion.
Initially expecting further losses, CEO Alan Mulally warned that his company wouldn’t be “solidly profitable” before 2011. Yet it gained last year all the same, and without any sort of Federal bailout.
Quite the contrast to its Detroit rivals, General Motors (NYSE:GM) and Chrysler, which both relied on Uncle Sam while … [visit site to read more]
