ord sunshine pumpers

life in rural nebraska

Making good cars

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Equals making a profit.  Ford posts a $1B profit this quarter:

The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford’s shares rose 58 cents, or 8.3 percent, to $7.58 in pre-market trading.

Contrast that with our other two American car companies:

General Motors and Chrysler probably won’t be able to pay back all those loans we’ve extended them! From the just-released September report of the Congressional Oversight Panel assigned with keeping an eye on the Troubled Asset Relief Program.

Ford’s evolution began in the early 2000s with the focus on improved fuel economy.  How did that pan out this last quarter?

It also won buyers; the fuel-efficient Ford Focus sedan and Ford Escape, a small SUV, were among the top five sellers under clunkers. Ford sales climbed 17 percent in August thanks to the program.

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Written by Caleb

November 2, 2009 at 2:15 pm

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