Results tagged “profit”

With a $1 billion net income for the 3rd quarter, Ford is forecasting "solidly profitable" future by 2011. The AP reports: "The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford's shares rose 58 cents, or 8.3 percent, to $7.58 in pre-market trading." The company was the only Detroit automaker that did not receive government aid or go to bankruptcy court.