Monday, November 2, 2009

Detroit Free Press | Ford sees bright future - nearly $1B profit - long way from nearly $30 billion in losses it racked up between 2006 and 2008

After closing more than 10 plants and slashing 45% of its workforce since 2006 in its long-ailing North American division, the Dearborn-based automaker today reported net income of $997 million, or 29 cents per share, compared with a net loss of $161 million, or 7 cents per share, a year ago. For the first nine months of the year, Ford has now posted a $1.8-billion profit. That’s a $10.6-billion improvement from the same period a year ago......