They have managed to somehow turn a buck. Since they were the no.1 US auto maker in sales ala the Cash for Clunkers, this is a given , but a billion profit? hummmm and they project a bottom line profit down the line? They apparently are making moves, oh and the UAW rank and file rejected their new contract offerings, against the UAW comm. advice.


Interesting, those folks ought to take a look around and thank god in heaven they have a job at an auto makers that they at leats know id oging to be around in svereal years.....and not requiring gov. infusions of cash which could disappear the minute the WH and /or congressional ldrshp changes....but then again these are the same folks whom have spent a 20 years squeezing the life out of the Co. anyway so...old dogs don't learn new tricks is once again a proven cliché.

Ford did take what amounts to minimal sums of cash from the gov. last year ( in comparison wiht the tanker loads of money GM/Csyrsler got) , but never gave up the ghost to the gov. and surrendered, I hope they crush GM....into a pulp, Crysler too.





Nov. 2 (Bloomberg) -- 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 estimated 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.

“Ford is a company that’s well into a turnaround,” said Bernie McGinn, president of McGinn Investment Management of Alexandria, Virginia, which owns about 320,000 Ford shares. “They did it by themselves and didn’t take government money. That gives people a good gut feeling and they’re being rewarded for that.”

Ford gained 62 cents, or 8.9 percent, to $7.62 at 10:09 a.m. in New York Stock Exchange composite trading. The shares had declined 2.9 percent since the end of September after more than tripling this year.

No 2010 Guidance

The company reported a quarterly net profit of 29 cents a share, compared with net loss of $161 million, or 7 cents, a year earlier. Ford had positive automotive cash flow of $1.3 billion compared with cash consumption of $1 billion in the second quarter. In the year-earlier quarter, Ford used $7.7 billion.

The automaker will project 2010 results when it releases full-year 2009 earnings, the company said in a statement. The automaker’s earlier forecast was for at least a break-even 2011 from operations.

Ford Earns $997 Million, Projects Solid 2011 Profit (Update3) - Bloomberg.com

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

What the government needs to do is TAKE those profits from Ford to subsidize those failing car companies.

We have to make it "fair".



Serious note.... good to see Ford doing well. Maybe it has something to do with some people NOT buying Government Motors products. I won't ever again. They already got enough money of mine through the government against my wishes.

oh jeez.... you WOULD have to go and give them ideas....


if I buy american, it'll be a Ford. Actually pretty happy with my used Explorer.

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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Ford just made better decisions.

They discontinued the huge SUV's (Excursion, Expedition) pretty early on and they focused on smaller ones, their Pickups were already #1 in sales and they kept improving it, and they really innovated with the Focus hybrid and some of their other cars.

Unlike GM, they also had focused branding. It's either a Ford or a Lincoln/Mercury and so there are only two advertising streams. GM was probably too splintered. I think this helped with Ford brand loyalty....the dynamics just made it easier to identify with.

They also do very well in the European market....

I think it's great to at least have one healthy domestic car manufacturer.

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The world could use more Stan Ovshinsky's

1. Improve quality
2. Just say no to govt money

Yes, I'm glad one will survive.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Come on people. Their still Fords.

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January 21, 2013: The End of an ERROR.

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
"When the people find that they can vote themselves money, that will herald the end of the republic."
"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
---Benjamin Franklin

I have personal experience with the CEO of Ford, Alan Mulally, since he used to be VP of Engineering at Boeing, and I worked under him.

He was one of the few exectives I had great respect for, he is smart, considers all his options, and listens to people underneath him. When Boeing fucked him over by passing him up for TWO CEO's they eventually had to can for ethics and corruption, he bailed and went to Ford.

Ever since that happened, I've always expected Ford would do well. And its not just coincidence, Mulally apparently made some very smart decisions when the economy was good in ~'06 or '07, borrowing against the company's name when credit was strong and loans could be obtained with very good terms. That decision was key in keeping Ford afloat when GM and Chrysler were failing.

Now they're turning a big profit in bad times, and while its not surprising, its still amazing.

Mulally is one of the few CEO's in this country who actually DESERVES the high pay he gets. (and if you have paid attention to how much I rail against executive compensation, I don't give comments like that lightly).

http://www.businessweek.com/magazine...3038630999.htm

no one was more anti-ford than me but they have drawn even with Toyota in quality. Even if that means Toy dipped some it still shows change in the right direction at Ford.

Credit where credit is due.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

excellent point, I had forgotten that, if he thought he saw what was coming and decided to get ahead of the curve, he should be in the Ford hall of fame...I think he took a 15B loan, if that floats them through and they stay "whole" , outside the gov. enshrine his ass, he will have saved Ford,period.

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

So how much does a truly competent, almost prescient CEO make?

$12 million.

#153 Alan R Mulally - Forbes.com

and? your point is........

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

I gotta tell ya...O N L Y UAW members have both the short-sightedness and stupidity to bitch about their jobs/threaten to picket etc.
They are some of the highest per hour factory laborers in the world. And all they can do is bitch.

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The government cannot give without first taking.

I kind of thk its relly just the UAW leadership who are cpmplaling as it helps them keep their "jobs". and they keep just enough goons happy to enforece the appearance of bitching. but i do realize there are some this stupid.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

GAO report says it's unlikely taxpayers will ever recover our "investments" in Government Motors:

GM would need a market capitalization, or the market value of the company's outstanding shares, of $66.9 billion for Treasury to make its money back, according to GAO. GM's peak market value was $57 billion in 2000. Chrysler, which was last publicly valued at $37 billion in 1998 when it merged with Daimler AG, would need a market value of $54.8 billion.

GAO: Full recovery of auto investment unlikely - Yahoo! Finance

But, at least we saved those UAW jobs, temporarily.

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Giving money and power to government is like giving whiskey and car keys to teenage boys. ---P. J. O'Rourke

Kudos to Ford.

My 104,000 mile Explorer runs like a top...

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For those who have fought to defend it, freedom has a taste the protected will never know...



If it wasn't for double standards, liberals would have no standards at all...