SOURCE: Industrial Info Resources

Industrial Info Resources

January 31, 2011 05:20 ET

Ford Riding High on $6.6 Billion 2010 Profit, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 31, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The future is looking bright for Ford Motor Company (NYSE:F) (Dearborn, Michigan). As the only major American automaker not to require a government bailout in the last few years, Ford has managed to weather the recession by tightening its belt and carefully using lines of credit obtained just prior to the market crashing. As a result, Ford is sitting pretty heading into 2011, as the overall outlook for the automotive sector is shaping up. Ford recently announced it managed to garner a $6.6 billion profit in 2010, the largest profit for the automaker since 1999, and the first back-to-back profitable years Ford has had since 2004.

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