Ford `Money Machine' May Report Most Profitable Year Since 2000

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http://www.bloomberg.com/news/2011-01-27/ford-money-machine-may-report-most-profitable-year-since-2000.html

By Keith Naughton - Jan 26, 2011 11:01 PM CT

Ford Motor Co., the second-largest U.S. automaker, may report its most profitable year since 2000 tomorrow, boosted by new models and a better reputation.

The annual profit would be the second straight for Chief Executive Officer Alan Mulally, who has improved quality and expanded the model lineup. Profit excluding some items for 2010, according to the average of 15 analysts’ estimates, may be $2.08 a share, the highest since $4.36 a share in 2000. Fourth-quarter profit may be 48 cents, the average of 14 estimates. snip

Ford had $6.37 billion in net income in the first nine months of 2010, the most since 1998 and more than any other automaker.

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