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Ford (F) swung to a profit of almost $1 billion in its third quarter, easily beating Wall Street expectations. This was helped by the “cash for clunkers” program and cost cutting, according to the auto maker. Full Article at FOX News
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“There’s always free cheese in a mousetrap.” -- Congressman H. R. Gross The good news is in: Free enterprise can generate a turnaround without assistance from Uncle Sam. All government needs to do is get out of the way. Full Article at HumanEvents.com
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By Santanu Choudhury and Nikhil Gulati NEW DELHI -- About 1,800 workers at Rico Auto Industries Ltd. , an Indian auto parts maker, have withdrawn a strike that had lasted 45 days and had forced General Motors Co. and Ford Motor Co. to temporarily shut... Full Article at Wall Street Journal
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By Matthew Dolan Ford Motor Co. unveiled the industry's first inflatable seat belt, a combination belt and airbag designed to reduce crash injuries for rear-seat passengers, especially the young and elderly. Full Article at Wall Street Journal
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(Adds company response in 11th paragraph.) By Jeff Bennett Of DOW JONES NEWSWIRES DETROIT -(Dow Jones)- Ford Motor Co.'s (F) rank-and-file union members rejected a concessions agreement, leaving the auto maker at risk to higher costs compared with... Full Article at CNN/Money
