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Ford reaping solid profits after turnaround
The Island Packet ^ | July 23, 2010 | DEE-ANN DURBIN and TOM KRISHER AP Auto Writers

Posted on 07/23/2010 5:56:47 PM PDT by mdittmar

DEARBORN, Mich. — Four years ago, Ford mortgaged everything down to the blue oval logo to save itself. Now, even as Americans remain skittish about the economy, it's reaping big rewards and stealing business from stumbling rivals.

Ford said Friday that it made $2.6 billion from April through June, its fifth straight quarterly profit. The company, which reported record losses in 2008, now predicts it will end 2011 with more cash than debt.

With its two longtime Detroit rivals still finding their way after spending time in bankruptcy last year, Ford, which never took government bailout money, extended its success story.

(Excerpt) Read more at islandpacket.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: automakers; fordmotor; uaw
Harry Reid: Auto Bailout Probably Saved Ford
1 posted on 07/23/2010 5:56:51 PM PDT by mdittmar
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To: mdittmar

Bailout probably saved Ford LOL LOL LOL LOL LOL LOL (unless it was by making GM and Chrysler radioactive)


2 posted on 07/23/2010 5:59:32 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: mdittmar

By the way, the Chevy dealer up the road from me, next door to a Nissan place, is an obvious energy hog at night after business hours. Nissan has a discreet low level of lot lighting at those times; Chevy has it looking like daylight with the lot locked and nobody able to get in. What Would Al Gore Do?


3 posted on 07/23/2010 6:02:54 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: mdittmar

I’m not thrilled with buying a UAW car, but if I ever buy another American car it will be a Ford. GM and Chrysler stole from me and from my children when they accepted the bailout, and I will never forgive or forget. They are dead to me.


4 posted on 07/23/2010 6:04:31 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: HiTech RedNeck

Nobody wants to buy an Obama Motors car. GM and Chrysler are up the creek without a paddle!


5 posted on 07/23/2010 6:05:42 PM PDT by Roklok
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To: mdittmar

Way to go Ford.


6 posted on 07/23/2010 6:06:04 PM PDT by Parley Baer
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To: mdittmar

Bailout saved Ford because many people like me, who have jobs and money, will no longer buy from Government Motors. I had been a loyal GM/Ford man all my life. Now I wouldn’t buy a GM if you put a gun to my head. And I know several people who feel the same. All of them, producers.


7 posted on 07/23/2010 6:06:12 PM PDT by MarineBrat (Better dead than red!)
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To: HiTech RedNeck

Must be. According to every mechanic in my family they say buy a Nissan or a Toyota. If you go big three it’s Chevy, Dodge or Ford in that order but not reccomended.


8 posted on 07/23/2010 6:06:15 PM PDT by liberty or death
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To: Pollster1
I agree completely. I will never buy a GM or Chrysler product again for the rest of my life. Government owned motor companies must die.
9 posted on 07/23/2010 6:09:21 PM PDT by Upstate NY Guy (Gen 15:16 The iniquity of the Amorite is not yet complete.)
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To: MarineBrat

Always liked Chevys,but as I told a Ford car salesman I met in a bar,I’ll never buy another Chevy.


10 posted on 07/23/2010 6:12:17 PM PDT by mdittmar (May God watch over those who serve,and have served,to keep us free (http://teapartypatriots.org)
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To: mdittmar

Just took delivery today of a new ‘10 Ford Escape Limited V6. Got the X-plan price - $2750 in rebates. It’s for my wife btw.


11 posted on 07/23/2010 6:12:41 PM PDT by 38special (Remember in November!)
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To: mdittmar
LOL

People won't buy "Obama Motors" products as the Unions were appeased by using TAXPAYER MONEY, and Ford (and the Imports) are now reaping the backlash effect.

Even the trumped-up attempt to damage Toyota didn't cause a rush to Obama Motors.

My next car or truck will absolutely be "ABOM" (ANYTHING but Obama Motors).

12 posted on 07/23/2010 6:15:02 PM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: mdittmar

I own a Chevy Suburban that I bought in 2001. It’s also my last Chevy. I doubt that GM could do anything that would ever win me back. I don’t suffer Communists well.


13 posted on 07/23/2010 6:16:09 PM PDT by MarineBrat (Better dead than red!)
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To: liberty or death
If you go big three it’s Chevy, Dodge or Ford in that order but not reccomended

I will no longer buy Chevy (GM) or Dodge (Chrysler) since they accepted the Gov't (future taxpayer) bailout cash. The responsible action would have been to tear up their UAW agreements and sell assets, go into receivership if necessary.

14 posted on 07/23/2010 6:20:19 PM PDT by Upstate NY Guy (Gen 15:16 The iniquity of the Amorite is not yet complete.)
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To: 38special

Not bad looking


15 posted on 07/23/2010 6:21:31 PM PDT by mdittmar (May God watch over those who serve,and have served,to keep us free (http://teapartypatriots.org)
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To: MarineBrat

I would LOVE a suburban 2500 Diesel.

Funny thing, Government Motors no longer makes them.

And the 1500 Flex Fuel is $60,000

I think I will take a pass...


16 posted on 07/23/2010 6:22:13 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: mdittmar
Great for Ford.

As always Reid is a liar but that is a fact as 1+1=2.

17 posted on 07/23/2010 6:23:55 PM PDT by jveritas (God bless our brave troops)
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To: mdittmar

Thank God for President Obama’s prescient handling of our economy, saving over 3 million jobs... ( do I need the /sarc)


18 posted on 07/23/2010 6:24:53 PM PDT by Waverunner
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To: mdittmar

When I was test driving the Edge, the Ford dealer said every new customer tells them they have left government motors to buy Ford.


19 posted on 07/23/2010 6:27:09 PM PDT by bmwcyle (It is Satan's fault)
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To: Parley Baer
The Ford F-150 truck...

The highest selling vehicle in American history!

20 posted on 07/23/2010 6:27:13 PM PDT by dragnet2
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To: Pollster1
Just got my wife a Mazda 626. After we got it home, I noticed a small UAW sticker on the back side window.

The 626 and the Tribute are made in the USA, in a Ford Plant.

21 posted on 07/23/2010 6:28:20 PM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now...)
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To: mdittmar

Thanks. I forget to mention the best part, I traded in a Dodge! ‘03 Dodge Dakota, not a bad truck but it was starting to show some wear and tear and it was a gas guzzler.


22 posted on 07/23/2010 6:31:50 PM PDT by 38special (Remember in November!)
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To: 38special

My brother has an old Dodge Dakota,said the same thing,”a gas guzzler”.


23 posted on 07/23/2010 6:37:51 PM PDT by mdittmar (May God watch over those who serve,and have served,to keep us free (http://teapartypatriots.org)
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To: bmwcyle

We bought a 2010 Edge Limited last August. Great car. Fun to drive. Still haven’t gotten it broken in. Lots of power for a heavy vehicle and get reasonable mileage for its 2 ton weight.


24 posted on 07/23/2010 6:51:03 PM PDT by Parmy
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To: Pollster1

“if I ever buy another American car it will be a Ford”

Ditto, although I likely won’t buy an American car again. I can’t get past the UAW stench!


25 posted on 07/23/2010 6:53:37 PM PDT by rj45mis
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To: mdittmar

Lucky me, I bought Ford when it was under $6/share.


26 posted on 07/23/2010 6:54:39 PM PDT by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: Parmy
I like the Edge but I bought this:

2011 KIA Serento. It $4000.00 less money with more standard features. The Edge is a little faster but the KIA handles a little better and can seat 7. I got the V6 AWD. I also get lifetime drive train on it.

27 posted on 07/23/2010 7:00:24 PM PDT by bmwcyle (It is Satan's fault)
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To: rj45mis
I likely won’t buy an American car again. I can’t get past the UAW stench!

Yeah what are they building here, a precision and durable piece of high performance driving machinery with a proud and long tradition of racing success...or a friggin' roll of toilet paper?

28 posted on 07/23/2010 7:00:51 PM PDT by ROCKLOBSTER (Who allowed the worst oil pollution disaster in American history and did nothing?)
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To: 38special
My wife has a ‘04 Escape. She loves it. I have a ‘05 F-150 4x4. I like it, in the same way I cherish a good tool that works. Good luck trying to get them away from us.
29 posted on 07/23/2010 7:03:06 PM PDT by 50cal Smokepole (Effective gun control involves effective recoil management)
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To: Kickass Conservative

The 626 hasn’t been made in years. Do you mean Mazda 6?

The 6 is made in the same factory (as I understand it actually on the same line- and yes I know the platform is completely different) as the Mustang. Said factory is owned 50% by Ford and 50% by Mazda.


30 posted on 07/23/2010 7:16:32 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: Parmy

I just bought a 2010 Flex. Love it or hate it styling but it’s comfortable, quiet and has a lot of room. The white roof makes it look like a Mini Cooper on steroids. I’m enjoying the SYNC voice command system...it’s amazing.


31 posted on 07/23/2010 7:16:55 PM PDT by Ben Hecks
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To: mdittmar

I’m looking at a Ford, too. A ‘70 or ‘71 van. Started at $1800.00 3 months ago, down to $1000.00 now. I think $800.00 will take it, though. I prefer older vehicles.


32 posted on 07/23/2010 7:19:03 PM PDT by kickonly88 (I love fossil fuel!)
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To: kickonly88

Got a 1994 Cadillac Eldorado,a project I never got around to,they aint making them anymore.


33 posted on 07/23/2010 7:33:20 PM PDT by mdittmar (May God watch over those who serve,and have served,to keep us free (http://teapartypatriots.org)
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To: mdittmar

Oddly enough, the bailout may have helped Ford, but not in the way dingy Harry thinks.

http://www.thefreemanonline.org/columns/our-economic-past-subsidies-hurt-recipients-too/#

It seems that companies that accept government help do worse than those that don’t. The free market always triumphs in the end.


34 posted on 07/23/2010 7:41:38 PM PDT by Pining_4_TX
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To: HiTech RedNeck
Chevy has it looking like daylight with the lot locked and nobody able to get in. What Would Al Gore Do?

Grope the female employees?

35 posted on 07/23/2010 7:48:21 PM PDT by Graybeard58 ("Anyone pushing Romney must love socialism...Piss on Romney and his enablers!!" ~ Jim Robinson)
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To: MarineBrat

Bought our first Ford a couple of months ago, ALWAYS had GMC. It was tough and I miss my Yukon:( But they didn’t take bail out money, so Ford gets our business.


36 posted on 07/23/2010 8:13:09 PM PDT by MontanaBeth (Born Conservative)
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To: Roklok

Nobody wants to buy an Obama Motors car.

That’s the truth. I just bought a new 2011 Sonata and didn’t even consider GM or the other one. The Fords I looked at were UAW products at a higher price than Hyundai and a lousy warantee. Easy decision to make.


37 posted on 07/23/2010 8:15:54 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: Roklok

Nobody wants to buy an Obama Motors car.

Sorry for the ps: I meant to say also that the Sonata was American made by non union labor. Love the car.


38 posted on 07/23/2010 8:18:12 PM PDT by Joan Kerrey (here's my checkbook and my car-keys, my credit carThe bigger the government = The smaller the people)
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To: mdittmar
Last summer, I bought a used (14k mi) 2008 F150 for $4000 under Bluebook, and a few weeks ago it saved my life. (FR thread).

I'm probably going to be an F150 driver for quite some time now. The rental I'm using is an F-150, and I'm hunting around for another good deal on an '08 or '09, in case I don't decide to grab a new one when the insurance check comes in.

39 posted on 07/23/2010 8:27:22 PM PDT by Teacher317 (I'm sore)
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To: Nik Naym
The 6 it is. I'm slipping in my old age.

The wife loves the car.

40 posted on 07/23/2010 9:12:44 PM PDT by Kickass Conservative (If Sarah Palin was President, you would have a job by now...)
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To: mdittmar

Bought a new Ford Focus in 2005. Had it for six months and got caught in a 5 car chain reaction accident. The first car was going 80 when he hit the first car waiting at a stop light. I was number 2. Two more were hit. Car was totaled with 1900 miles on it but I walked away. Went right back and bought another one. Next one will be a Ford truck that can tow an RV when I retire.


41 posted on 07/23/2010 9:22:47 PM PDT by Bookie1066 (I will not be pushed, filed, stamped, indexed, briefed, debriefed or numbered. My life is my own.)
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