The New York Times
Fri, July 23, 2010 -- 7:28 AM ET
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Ford Earns $2.6 Billion Profit, and Projects Improvement in 2011
The Ford Motor Company on Friday said it earned $2.6 billion
in the second quarter and expects to have more cash than debt
by the end of 2011.
It was the fifth consecutive quarterly profit for Ford, whose
turnaround has been gaining momentum as it has increased
sales and market share in the United States.
Ford, the only Detroit automaker not to file for bankruptcy
protection or receive emergency federal aid, said it expects
to be profitable in the second half of this year and deliver
even stronger results in 2011. It said profits in the second
half of 2010 would be less than the $4.7 billion it earned in
the first half, however, due to seasonal changes in demand
and new product introductions.
Read More:
http://www.nytimes.com/aponline/2010/07/23/business/AP-US-Earns-Ford.html?emc=na
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