Ford Motor Co's net income jumped to USD 7.4 billion last year as its US sales reached their highest level in a decade.
The profit, of USD 1.84 per share, of was six times higher than Ford's results the previous year and beat Wall Street's forecast. Analysts polled by FactSet were expecting full-year earnings of USD 1.73 per share.
Ford's revenue rose 4 per cent to USD 149.6 billion for the year, also beating forecasts.
Global sales rose 5 per cent to 6.6 million for the year.
North America drove Ford's results, with a pretax profit of USD 9.3 billion. But Ford also achieved a record pretax profit of USD 765 million in its Asia Pacific region and returned to profitability in Europe for the first time since 2011.
Fourth-quarter net profit more than doubled to USD 1.9 billion.
