Skip to comments.Ford reaping solid profits after turnaround
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 ...
Bailout probably saved Ford LOL LOL LOL LOL LOL LOL (unless it was by making GM and Chrysler radioactive)
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?
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.
Nobody wants to buy an Obama Motors car. GM and Chrysler are up the creek without a paddle!
Way to go Ford.
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.
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.
Always liked Chevys,but as I told a Ford car salesman I met in a bar,I’ll never buy another Chevy.
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.
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).
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.
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.
Not bad looking
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...
As always Reid is a liar but that is a fact as 1+1=2.
Thank God for President Obama’s prescient handling of our economy, saving over 3 million jobs... ( do I need the /sarc)
When I was test driving the Edge, the Ford dealer said every new customer tells them they have left government motors to buy Ford.
The highest selling vehicle in American history!
The 626 and the Tribute are made in the USA, in a Ford Plant.
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.
My brother has an old Dodge Dakota,said the same thing,”a gas guzzler”.
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.
“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!
Lucky me, I bought Ford when it was under $6/share.
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.
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?
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.
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.
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.
Got a 1994 Cadillac Eldorado,a project I never got around to,they aint making them anymore.
Oddly enough, the bailout may have helped Ford, but not in the way dingy Harry thinks.
It seems that companies that accept government help do worse than those that don’t. The free market always triumphs in the end.
Grope the female employees?
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.
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.
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.
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.
The wife loves the car.
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.
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