Arab Today, arab today ford posts net income topping 20b
Last Updated : GMT 22:41:17
Arab Today, arab today
Arab Today, arab today

Ford posts net income topping $20B

Arab Today, arab today

Arab Today, arab today Ford posts net income topping $20B

Dearborn - UPI

U.S. automaker Ford Motor Co. said Friday it took a one-time accounting benefit that propelled its fourth quarter net income to $13.6 billion. It was the most ever for Ford in a fourth quarter and helped put the company in the black for the third consecutive year. Ford\'s fourth quarter report said the firm posted an operating profit of $1.1 billion, or 20 cents a share, a sharp drop from the fourth quarter of 2010, when profits were at 30 cents a share. Ford\'s one-time accounting adjustment was worth $12.4 billion, increasing its 2011 net earnings to $20.2 billion. Ford, the only major U.S. automaker to avoid bankruptcy in 2009, has earned a profit for three consecutive years. Revenue for the fourth quarter hit $34.6 billion, but investors were not appeased by the report, which showed pre-tax automotive operating profit of $596 million for the fourth quarter and $2.4 billion for the full year. Ford said its hourly workers can expect a semi-annual bonus check of about $3,760 each, putting their annual bonus in 2011 at about $6,200 per worker. Ford reported a pre-tax operating profit of $889 million in the fourth quarter in North America, up from $670 million a year earlier. In South America, the company posted an operating profit of $108 million, compared with profits of $281 million a year ago. In Europe, fourth quarter losses grew from $51 million in 2010 to $190 million in 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ford posts net income topping 20b Arab Today, arab today ford posts net income topping 20b

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ford posts net income topping 20b Arab Today, arab today ford posts net income topping 20b

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday