Spiga

Bank of Ford

Ford saw its net income rise seven-fold to $3.48 billion in 2004 from $495 million in the previous year. But about 85 percent of its earnings came from the finance division. Ford's core auto operations made a profit only during the first quarter of 2004.
Chairman and Chief Executive Officer Bill Ford Jr. received about $22 million in compensation for 2004, up 52 percent from what he collected in 2003.
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