Ford Motor Co. reported $20.2 billion in net income for 2011 Friday — its best year since 1998 and second-best year ever - as its results were boosted by a one-time accounting gain.
This is Ford's third consecutive annual profit, after losing more than $30 billion between 2005 and 2008.
But the company's fourth quarter results didn't meet expectations - with concerns raised about heding and commodity costs. Ford also sounded some caution about 2012 - especially in Europe and South America.
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