Ford Motor Company reported today a full year 2009 pre-tax operating profit of $454 million, making the company’s first full year of positive net income since 2005 and a $17.5 billion improvement over 2008. Ford previously said it would not be “solidly profitable” until 2011, but the company said it now expects an operating profit for 2010 as well.
“While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford and the strongest proof yet that our One Ford plan is working and that we are forging a path toward profitable growth by working together as one team, leveraging our global scale,” said Ford President and CEO Alan Mulally. “In every part of the world, we are providing customers with great products, building a stronger business and contributing to a better world. Our progress has helped us gain market share in most of our major markets.”