StockMarketWire.com - Ford Motor Co posts full year net income of $2.7bn - a $17.5bn improvement from a year ago.

Pre-tax operating profits were $454m - a $7.3bn improvement from a year ago.

Fourth quarter net income of $868m was a $6.8bn improvement from a year ago while pre-tax operating profits of $1.8bn were a $5.5bn improvement.

Ford North America fourth quarter pre-tax operating profits of $707m were a $2.6bn improvement from last time.

It said strong products drove full year market share gains in North America, South America and Europe as well as continued improvements in transaction prices and margins

For the full year 2010, Ford plans to be profitable on a pre-tax basis excluding special items.

Story provided by Business Financial Newswire