Ford Posts First Annual Profit Since 2005

Before you go, we thought you'd like these...
Before you go close icon
FordU.S. automaker Ford (F), viewed as the healthiest of the nation's automakers, says it earned $2.7 billion last year -- its first annual profit since 2005.

The news drove shares 4% higher before the opening bell but most of those gains were lost by the end of trading Thursday.

Ford, which remains the only big U.S. automaker to avoid a government bailout, has benefited by smart cost-cutting moves and sales of popular car and truck models.
Read Full Story

People are Reading