Amid the Motor City’s money woes and rivals’ sluggish performance, the nation’s second-largest automaker has succeeded in reinventing itself based on market demands while eschewing the “quick fix” of government bailouts.
On Wednesday, less than a week after Detroit became the largest U.S. city to file for bankruptcy, Ford announced that its net income rose 19 percent in the second quarter, to $1.2 billion, and that its operating profit had risen by $726 million, to $2.6 billion.
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7 comments:
I'm well aware of their profits. I just bought a new truck.
In the last couple of years, the prices of new pick-up trucks has gone through the roof. Not just Ford, though. Everyone's.
Unlike "Obama Motors" that company runs off entitlements
The same reason everyone who drives a truck drives a F-150 is the same reason everyone has a Honda Civic: they are by far the best vehicles in their class.
Keep it up Ford.
The prices of trucks are crazy.I never thought people would pay $50,000 and more for a truck.
In all reality every tax paying citizen owns a GM Or Dodge
I'm in the market for a new vehicle. And I would never buy a goverment motors I think many feel the way I do and time will tell.
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