Ford reports record profits

Discussion in 'Current Events' started by Chris, Oct 26, 2010.

  1. Chris
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    Chris Gold Member

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    Ford Motor Co. demonstrated the growing strength of the U.S. auto industry Tuesday by posting a third-quarter profit of $1.7 billion, a 69% jump over the same period a year ago and surpassing a previous record set in 1997.

    The automaker — which unlike General Motors Co. and Chrysler Group avoided bankruptcy reorganization last year — benefitted from both cost cutting and top-line performance, gaining U.S. market share and selling vehicles for higher prices.

    "Overall, we are doing better than we expected through the first nine months of the year," said Alan Mulally, Ford's chief executive, "and we expect to deliver solid profits in the fourth quarter and for the full year."

    Ford profit: Ford reports $1.7 third-quarter profit - latimes.com
     
  2. René Anafoutra
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    René Anafoutra BANNED

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    Wow, without any help from Obama? I'm sure he is pissed.
     
  3. Revere
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    Revere BANNED

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    Harry Reid thinks he saved Ford.
     
  4. topspin
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    topspin BANNED

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    thier CEO is very good!!!
     
  5. René Anafoutra
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    René Anafoutra BANNED

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    That's great, since he helped Barry trash Vegas.
     
    • Thank You! Thank You! x 1
  6. Revere
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    Positive rep for the n00b!
     
  7. Mad Scientist
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    Mad Scientist Feels Good!

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    From the link:
    Well if they didn't take a bailout from the government then who did they borrow from? I must have missed this.
     
  8. Ame®icano
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    Ame®icano Gold Member

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    Credit line of $20B granted to them by banks couple of months before banking meltdown started.
     
  9. Claudette
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    Claudette Gold Member

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    Ford has done well and without being bailed out with taxpayer money.

    Good for the Company and Kudo's to the CEO.

    Frankly I could give a rats ass who they borrowed from. Thats their business.
     
  10. Andrew2382
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    Andrew2382 Gold Member

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    nice, maybe now they can start building the cars in the united states, instead of mexico
     

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