Ford Beats Forecasts….

The only U.S. automaker not bailed out by the government had, by most accounts, a pretty darn good second quarter. Of course, that’s relative. They still posted an operational loss of just over $600 million and their auto operations used up $1 billion in capitol. However, compared to last year at this time, Ford is doing remarkably well and, in fact, managed to beat most of the experts’ forecasts. They plan to return to profitability no later than 2011. Indeed, thanks to the trouble at Chrysler and GM, Ford is managing to increase its market share. What it all  boils down to is that Ford is surviving without government intervention (at least for now) and, despite the economy pummeling new car sales, looks like it’s on the road to become a profitable company again. So, go Ford.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s