Monday, November 2, 2009

Informational: Ford Motor reported a profit for the third quarter Monday, becoming the only major U.S. automaker not to file for bankruptcy this year. Ford earned $997 million, or 29 cents a share, compared to a loss of $161 million, or 7 cents a share on that basis a year earlier. The total profit in the period reached $873, or 26 cents a share.

Analytical: Ford Motor reported a $873 million, or 26 cents a share, profit for the third quarter Monday. The reasons are now clear: a bump in sales from the Cash for Clunkers program and problems at its U.S. rivals.

Provocative: Ford Motor reported a surprise profit for the third quarter Monday, and what a surprise it was. After reaching a profit of $873 million, or 26 cents a share, for the third quarter, it will be interesting to see how long Ford Motors can maintain it. After all, it would be no shock if the company comes crashing down again just like every organization seems to be doing in this gosh awful economic depression.

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