Ford posts quarterly profit.
Ford executives now say the automaker is on track to return to annual profitability in 2011. …
Ford’s gains were aided by rapid cost cutting in the second quarter. Ford reduced its debt obligations by $10.1 billion, which will save the company more than $500 million a year in interest expense. It raised $1.6 billion by issuing common stock. The company said it also cut “structural” costs by $1.8 billion, in part by eliminating 1,000 U.S. hourly jobs through buyouts. …
Under Mulally, Ford appears to be building better cars and trucks, analysts said. The Ford Fiesta, which launches in the United States next year, is now Europe’s second-best-selling car.
Is there something to be said for letting the free market and a corporation work itself out without BIG government intervention?
Answer by grlygrlz2 at 9:14 AM on Jul. 27, 2009
Answer by Anonymous at 9:16 AM on Jul. 27, 2009
Answer by NotPanicking at 9:25 AM on Jul. 27, 2009
American Owned. Not Owned by America
This should be Ford's new Tagline for Commercials.
Answer by grlygrlz2 at 9:33 AM on Jul. 27, 2009
Answer by Carpy at 9:41 AM on Jul. 27, 2009
Answer by itsmesteph11 at 9:53 AM on Jul. 27, 2009
Answer by mancosmomma at 10:09 AM on Jul. 27, 2009
Answer by tnmomofive at 12:18 PM on Jul. 27, 2009
Answer by waldorfmom at 2:11 PM on Jul. 27, 2009