Ford said today that its annual profit doubled in 2010 to its highest earnings in more than a decade, as the second-biggest US car maker posted strong worldwide results.
For all of 2010, Ford reported net income of $6.6 billion, or $1.66 earnings per share, up 135% from 2009.
'This was Ford's highest net income in more than 10 years, as strong products and new investments fuelled improvements in all of the company's business operations around the world,' the Michigan-based car maker said.
Ford, the only one of the major US car makers that did not take a government bail-out, reported a plunge in fourth-quarter profit to $190m, from $886m the same time in 2009, due to a charge related to paying down debt.
