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Monday, July 29, 2013

Ford Motor Co. Fuels Profits With Innovation, Not Government Bailouts

About the only good news in Detroit these days is coming from Ford Motor Co., which last week reported significant profits in the second quarter and record sales in North America and Asia.

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:

  1. AnonymousJuly 29, 2013 at 2:46 PM

    I'm well aware of their profits. I just bought a new truck.

    ReplyDelete
  2. AnonymousJuly 29, 2013 at 3:23 PM

    In the last couple of years, the prices of new pick-up trucks has gone through the roof. Not just Ford, though. Everyone's.

    ReplyDelete
  3. AnonymousJuly 29, 2013 at 3:47 PM

    Unlike "Obama Motors" that company runs off entitlements

    ReplyDelete
  4. SeanJuly 29, 2013 at 4:29 PM

    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.

    ReplyDelete
  5. AnonymousJuly 29, 2013 at 4:54 PM

    The prices of trucks are crazy.I never thought people would pay $50,000 and more for a truck.

    ReplyDelete
  6. AnonymousJuly 29, 2013 at 8:38 PM

    In all reality every tax paying citizen owns a GM Or Dodge

    ReplyDelete
  7. AnonymousJuly 29, 2013 at 9:53 PM

    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.

    ReplyDelete

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