Ford Motor is on a roll and makes a profit in 2009, for the first time in four years. Ford Motor announced Thursday morning that they made a profit in 2009, this is their first full-year of profit reported since 2005. They expect to have an even better year in 2010.
In a time when auto makers are lucky to have any good news to report, Ford has turned the company around and has done it quickly. Ford earned $2.7 billion in 2009. With special incentives that totaled 2.6 billion, Ford broke even; but was estimated to lose money during 2009, so they are ahead of the other US car manufactures.
Ford president and CEO Alan Mulally said: "While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford." "Our progress has helped us gain market share in most of our major markets."
At the Detriot Auto Show earlier this month, Ford won the car of the year award for the hybrid Ford Fusion, and the truck of the year award for the electric Transit Connect van.
Autoliv, a Stockholm-based company located in Utah has customers that include General Motors, Chrysler and Ford. The five plants located in Utah had 3,300 workers. The Utah Autoliv plants laid off 250 works last year because of the decline in the auto industry. Autoliv has about 37,500 employees worldwide.
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Source: CNN Money
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