With the dip in the stock market last week, investors had to be thrilled with the news of 3rd quarter earnings for Ford. Their revamped approach and several fuel efficient vehicles have made more Americans choose Ford lately.
The only American made manufacture that did not a accept bail out or needed to file for debt reorganization successfully managed to generate nearly a cool billion in revenue by cutting material costs, higher sales prices and increased market share. They will continue to see red with over $26.9 billion in debt though they project to be “solidly profitable” by 2011.
Now Ford just needs to hammer out that UAW contract.