Ford earns first annual profit in four years
Ford says it gained market share in North America, South America, Europe
Ford says it expects to be profitable next year as well.
M. Spencer Green / AP
updated 1 hour, 47 minutes ago
DEARBORN, Mich. - Ford, the only U.S. automaker to avoid bankruptcy court, clawed its way to a $2.7 billion profit in 2009 and expects to stay in the black in 2010. It was the automaker's first annual profit in four years.
Ford's full-year revenue of $118.3 billion fell nearly 20 percent from 2008, but the Dearborn-based automaker benefited from cost-cutting, a $696 million profit in its credit arm and popular cars and trucks like the Ford Fusion midsize sedan and Ford Escape small SUV. It gained market share in North and South America and Europe, despite the worst U.S. sales climate in 30 years.
"While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford," Ford CEO Alan Mulally said in a statement.
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http://www.msnbc.msn.com/id/35120808/ns/business-autos/
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Hmmmm, it would appear that despite the naysayers/constant whine of the far right crowd that the system set in place has had some serious earmarked successes...Hyundai has posted some record increases for their last quarter reports too. GEE WHIZ isn't it just horrible that our entire economy isn't has terrible as the far right say it is 
Don't you just hate it when they have to retract/eat their own words 
