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Ford announced on Friday it posted a net income of 20.2 billion U.S. dollars in 2011.Ford's 2011 net income, equal to 4.94 U.S. dollars per share. Ford executives praised the results as an encouraging sign for future profitability, as the American auto industry continues to recover from the lingering effects of the 2008 financial crisis. Ford said by the end of 2011 it reduced its debt from 19 billion U.S. dollars to 13.1 billion U.S. dollars. As for the 2012 outlook, Ford said that it predicted U.S. full year industry volume to be in the range of 13.5 million to 14.5 million vehicles. Many analysts were pleased with the American auto industry's performance as a whole in 2011, with U.S. sales of almost 13 million vehicles and positive signs in the still recovering manufacturing sector.

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