It can be done! - congratulations ford!

[Cobrar]

Really amazing Q3 results in a poor economy. 1st profit in NA since 2005! Kudos to Ford, it's employees and the supply base that made it happen. :thumbsup :thumbsup


http://www.ford.com/about-ford/news...il/pr-ford-posts-third-quarter-2009-net-31244

 

[FM99]

Great News! Now, if Ford can pay down some of its dept, it can keep going into the future.

 

[Indy GT]

Good News indeed for Ford:

Ford's key North American car and truck division posted a pretax profit of $357 million, the division's first quarter in the black since early 2005. Ford cited higher pricing, lower material costs and increased market share for the improvement.

Excluding one-time items, Ford earned 26 cents per share, blowing away analysts' expectations of a loss of 12 cents.

The earnings came despite an $800 million revenue drop. But Ford said it cut costs by $1 billion during the quarter, accomplished through layoffs in North America and Europe, reduced pension and retiree health care costs and improvements in productivity and product development.

 

[BlackICE]

That is great news. However that will make contract talks with the UAW members even tougher!

 

[ChipBeck]

That is great news. However that will make contract talks with the UAW members even tougher!

Yeah, I was thinking that same thing.

Chip

 

[BlackICE]

Yeah, I was thinking that same thing.

Chip

I am encouraged and surprised the the UAW president is in favor of having the Ford agreement competitive with those at GM and Chrysler. I just don't see the membership going along.

 

[PL510*Jeff]

That is great news. However that will make contract talks with the UAW members even tougher!

Nobody said it would be easy!

Go Blu!