MagicMtnDan
FRF Addict
As reported in the LA Times today:
The company reports earnings of $1.7 billion for the period, a result of cost cutting as well as successful new products, providing a sign that the auto industry is continuing to build muscle.
Ford Motor Co. demonstrated the growing strength of the U.S. auto industry Tuesday by posting a third-quarter profit of $1.7 billion, a 69% jump over the same period a year ago and surpassing a previous record set in 1997.
The automaker — which unlike General Motors Co. and Chrysler Group avoided bankruptcy reorganization last year — benefitted from both cost cutting and top-line performance, gaining U.S. market share and selling vehicles for higher prices.
"Overall, we are doing better than we expected through the first nine months of the year," said Alan Mulally, Ford's chief executive, "and we expect to deliver solid profits in the fourth quarter and for the full year."
Link: http://www.latimes.com/business/la-fi-1027-autos-ford-20101027,0,6752362.story
Strange, there's no mention of Ford making an all-new Bronco :mrgreen:
The company reports earnings of $1.7 billion for the period, a result of cost cutting as well as successful new products, providing a sign that the auto industry is continuing to build muscle.
Ford Motor Co. demonstrated the growing strength of the U.S. auto industry Tuesday by posting a third-quarter profit of $1.7 billion, a 69% jump over the same period a year ago and surpassing a previous record set in 1997.
The automaker — which unlike General Motors Co. and Chrysler Group avoided bankruptcy reorganization last year — benefitted from both cost cutting and top-line performance, gaining U.S. market share and selling vehicles for higher prices.
"Overall, we are doing better than we expected through the first nine months of the year," said Alan Mulally, Ford's chief executive, "and we expect to deliver solid profits in the fourth quarter and for the full year."
Link: http://www.latimes.com/business/la-fi-1027-autos-ford-20101027,0,6752362.story
Strange, there's no mention of Ford making an all-new Bronco :mrgreen:
