Seems if your GM and Chrysler and owned by government you keep losing money. The big question, how can Ford be making profit? Answer, their not owned by Obama. How much more money will be pumped into GM and Dodge before Obama sticks a fork in them and two great car companies will be history?
From Yahoo Finance.
Good for Ford motor company.
BUY FORD
From Yahoo Finance.
"Ford earns $2.7 billion in 2009
Ford earns $2.7 billion in 2009, first annual profit in four years
ap
On Thursday January 28, 2010, 7:05 am
DEARBORN, Mich. (AP) -- Ford Motor Co. says it made $2.7 billion in 2009, its first annual profit in four years.
Ford says it benefited from cost-cutting, debt reduction and popular cars and trucks like the Ford Fusion sedan and Escape SUV. It's enjoying customer goodwill for avoiding bankruptcy and refusing federal aid.
Ford's net income of 86 cents per share rose from the year before, when it lost a record $14.6 billion.
In the fourth quarter, Ford says it earned $868 million, or 25 cents per share. That is up $6.8 billion from a year earlier. Ford earned money in three of the four quarters last year.
Ford says it expects to be profitable next year as well.
Ford gained market share in North and South America and Europe, despite the economic downturn." Ford earns $2.7 billion in 2009 - Yahoo! Finance
Good for Ford motor company.
BUY FORD
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