Ford Posts A Profit Of $1.1 Billion In Third Quarter - Truckers' Trucking Forum

Mooney · **^ Top** #1 2 Weeks Ago

So class, what have we learned?

Quote:

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

Quote:

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 per share adjusted loss it was forecast to report by an average of 11 analysts surveyed by Bloomberg. …
“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.”

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The free market capitalistic system?

That’s so 18th century.

That's what Barry and Jim Bob tell us.

Dear Ford,

We are waiting for you with open arms.

Sincerely,

Your friends in right-to-work states

rookietrucker · **^ Top** #2 2 Weeks Ago

I say by the end of the this week. The headlines will read, UAW decides to cancel deal with Ford ?

Any takers ?

luvmyhubby · **^ Top** #3 2 Weeks Ago

I say GOOD for FORD!

rwings · **^ Top** #4 2 Weeks Ago

I hope this is sign of people switching from "Government Motors" to Ford since they didn't take the bailout money.

msmspilot · **^ Top** #5 2 Weeks Ago

Quote:

Originally Posted by rookietrucker

I say by the end of the this week. The headlines will read, UAW decides to cancel deal with Ford ?

Any takers ?

Thought I heard that on the news this morning…

Texas-Nana · **^ Top** #6 2 Weeks Ago

Woooooooooooooooooooooot!!!!!

Texas-Nana · **^ Top** #7 2 Weeks Ago

It's like the American people telling the other car companies "you should have sucked it up buttercup"

lonewolf4ad · **^ Top** #8 2 Weeks Ago

I love Fords, but I also love the look of my 95 chevy stepside. This is of course acceptable is the truck is older that the government bailouts so it's still a good Chevy.

Ken · **^ Top** #9 2 Weeks Ago

Quote:

Originally Posted by Texas-Nana

It's like the American people telling the other car companies "you should have sucked it up buttercup"

I think that has a lot to do with it..

That, and the fact they're not under gov't control...

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