Ford reports $2.1 billion profit in 4th Quarter

Ford Reports Profit of $2.1 Billion in Quarter

Ford said it earned a net profit of $2.1 billion, or 50 cents a share, and that it expected “solid profits” and positive cash flow from its automotive operations for 2010, a year sooner than it had previously forecast. In the quarter a year ago, Ford lost $1.4 billion, or 60 cents a share.

Ford, the only one of the three Detroit automakers to avoid seeking bankruptcy protection last year, has earned a profit in four consecutive quarters for the first time since 2005. The total profit for that 12-month period was $3.4 billion.