Ford Motors quarterly profits hit a six-year high

Tom Clancy

Clancy for Ron Paul
May 23, 2009
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BBC News - Ford Motors quarterly profits hit a six-year high


Snip.
Car giant Ford has reported net income of $2.1bn for the first three months of 2010, its highest quarterly profit for six years.

The figure compares with a loss of $1.43bn for the same period in 2009.

Ford said the result was down to a recovering economy, which meant people were again beginning to buy expensive, one-off items.

The carmaker also said that it expected to be profitable in every quarter this year.

Unlike its rivals, Ford did not receive any government money to help it through the credit squeeze and economic downturn.

Awesome news.
 

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