Ford Falls Short Of Expectations After Posting $20 Billion In 4th Quarter

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.

 

Joe_Limon - 1/27/2012 2:35:33 PM

+2 Boost

Didn't Ford also get some sweet no tax deals and large cash infusions thanks to fuel economy grants?

PLAY - 1/27/2012 3:19:51 PM

+2 Boost

Look at every country that has a large automobile manufacturing industry. States use incentives (such as the tax code and trade barriers) to keep domestic companies profitable and give them a leg up on the competition. Lets not sit around and pretend the Koreans, Japanese, and Germans aren't helping their companies as well.

delan - 1/30/2012 9:19:06 PM

+1 Boost

20 billion in profits is considered not meeting expectations? Whatda?!?!?