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Ford, the only large U.S. automaker to avoid bankruptcy in 2009, said the third-quarter results were supported by cost-cuts, improved credit results and increased market share in North America and other key areas. Full Article at International Business Times
Related Articles
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The only major U.S. automaker to avoid bankruptcy this year, Ford Motor Co. posted an unexpected third-quarter profit of $997 million on Monday and said that it had had its first profitable quarter in North America in more than four years. Full Article at Austin American-Statesman
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Ford Motor Co.'s comeback continued during the third quarter as the automaker reported net income of $997 million or 29 cents per share, an improvement of $1.2 billion from the third quarter of 2008. Full Article at The Oakland Press
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DETROIT -- Ford posted a quarterly profit on Monday, defying Wall Street forecasts for a loss as it cut costs and gained market share, leading it to raise its 2011 outlook to "solidly profitable" from break-even. Full Article at Forbes
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DEARBORN, Mich. - One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years. Full Article at Canoe
Related Quotes
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Ford proved they can be profitable at much lower sales levels. A lot of it came from cost-cutting but also from market share gains
SOURCE: International Business Times -
Clearly, there are still economic headwinds
SOURCE: International Business Times -
Our third-quarter results clearly show that Ford is making tremendous progress despite the prolonged slump in the global economy
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While we still face a challenging road ahead, our transformation is working and our underlying business continues to grow stronger
