[luke warm]

to stimulate the economy

Quote

Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted net income of $997 million in the third quarter and its first operating profit since early 2008. Ford said it expects to be “solidly profitable” in 2011.

On an adjusted basis, Ford reported a quarterly pretax profit of $1.1 billion, or 26 cents a share, compared with a year-earlier loss of $3 billion or $1.32. Ford beat the 20 cents a share adjusted loss it was forecast to report by an average of 11 analysts surveyed by Bloomberg.

Chief Executive Officer Alan Mulally, who kept Ford out of Chapter 11 as General Motors Co. and Chrysler Group LLC reorganized, is trying to extend sales momentum the Dearborn, Michigan-based automaker built by avoiding a bailout. It posted its first consecutive quarterly net profit under Mulally today.

http://www.bloomberg....6C9gLnTU&pos=1

[hrothgar]

Never expected you to say good things about Cash for Clunkers

[jdonn]

Are we sure it's really

Didn't receive government stimulus
therefore
Posted huge profits

and not really

Not in nearly as terrible shape as the other companies + Cash for clunkers
therefore
Didn't need government stimulus + Posted huge profits

?

[mike777]

My first car was a used ford, my second a used chrysler, never owned an american car after that but......I wish Ford good luck I hope it makes it.

[Aberlour10]

GM decided not to sell Opel and Vauxhall to the Magna Holding. In this case, they have to pay back €1,5 billions bail out to the german goverment till 30 Novemeber.
Is GM already so wealthy for such amount of cash?....I wonder...

Robert