- Ford Motor posts full year net income of $6.6bn for 2010 - up $3.8bn from last time.

But fourth quarter net income was $190m - $696m down on a year ago.

The figure was affected by a previously disclosed $960m charge for completion of debt conversion offers that reduced outstanding automotive debt by over $1.9bn.

Fourth quarter pre-tax operating profit was $1.3bn, or 30 cents per share, a decrease of $322m from a year ago.

Ford now has posted a pre-tax operating profit for six consecutive quarters.

Story provided by