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Ford posts a profit for 2009

Alan Mulally CEO of Ford

Ford Motor Company, the only American auto manufacturer to not go through the pain of bankruptcy and government loans, posted a net profit for 2009 of $2.7 billion.

“We’re going to be profitable in 2010,” said CFO Lewis Booth, issuing the automaker’s first forecast for the year. Three months ago, Ford changed its 2011 outlook to “solidly profitable” from “break-even or better.”

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