Beford South Point Ford February 2012 Specials

2012-01-31T22:18:00.000-05:00

40 Miles Per Gallon at Beford South Point Ford

2012-01-31T22:10:00.000-05:00

$8500 off of MSRP on all 2012 F-Series at Beford South Point Ford

2012-01-31T22:09:00.000-05:00

Ford: Biggest profit since '98

2012-01-27T07:37:00.003-05:00

THE COMEBACK OF THE AMERICAN CAR
By Chris Isidore @CNNMoney January 27, 2012: 7:19 AM ET

NEW YORK (CNNMoney) -- Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company's 109-year history.
But much of the profit was attributed to a non-cash gain, as it put a large tax credit from past losses on its balance sheet that will shield it from taxes in the future. Excluding that credit, the carmaker posted full-year and quarterly earnings that fell short of last year's profit as well as analysts' forecasts.

Shares fell 2.7% in pre-market trading on the earnings miss.
The company's 2011 net income of $20.2 billion, up from $6.6 billion in 2010, was the best since 1998, when it received a large one-time gain from the sale of The Associates financial unit. About $12.4 billion of the latest profit came from the accounting gain.

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Beford Auto

Beford South Point Ford February 2012 Specials

40 Miles Per Gallon at Beford South Point Ford

$8500 off of MSRP on all 2012 F-Series at Beford South Point Ford

Ford: Biggest profit since '98