Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 EARNINGS REPORT 
0

Ford Surprises With $100M Q1 Profit

Cost cutting offsets weak sales in US for world's No. 3 automaker

Share

(Newser) – Ford today posted an unexpected first-quarter profit of $100 million, Bloomberg reports, the result of cost cutting in North America and strong overseas sales. Analysts had anticipated a loss on the order of last year's first-quarter drain of $282 million. The world’s third-largest automaker said its revenues increased 1.2% to $43.5 billion. It was only the second quarterly profit for the company in the past two years. 

"There are signs of progress that Ford just may, in fact, be fixable," an analyst tells Bloomberg.

Unsold 2008 F-150 pickup trucks sit at a Ford dealership in the south Denver suburb of Littleton, Colo.
Unsold 2008 F-150 pickup trucks sit at a Ford dealership in the south Denver suburb of Littleton, Colo.   (AP Photo/David Zalubowski)
A Ford logo shines off the grille of a 2008 Super Duty pickup truck.
A Ford logo shines off the grille of a 2008 Super Duty pickup truck.   (AP Photo/David Zalubowski, file)
A model stands next to a New Ford Fiesta at the Auto China 2008 auto show in Beijing Sunday, April 20, 2008.
A model stands next to a New Ford Fiesta at the Auto China 2008 auto show in Beijing Sunday, April 20, 2008.   (AP Photo/Oded Balilty)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.6.09
Galleon Scandal: Shocked, Shocked by Insider Trading
11.5.09
Rupert Murdoch Is Mad but Cute
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

673 Stories

 Ford's Inflatable 
 Seat Belts Not 
 Just Hot Air 

More comfortable, and safer than regular airbags

Nov 5, 09 7:43 PM CST
(Newser) - Still not a fan of wearing your seat belt? Ford’s latest take on the safety standby could change your mind: It’s inflatable, as with vehicle air bags, and its softer webbing has been a comfortable hit with test groups. And unlike many front-seat airbags, the belts inflate with... More »

MORE ABOUT:
auto industry • car safety • Ford Explorer • seat belt • air bag • Ford Motor Co.

 GM Won't Sell Opel After All 

European operations won't go to Canadian outfit

Nov 3, 09 7:47 PM CST
(Newser) - General Motors backed out today on a deal to sell Opel, its European arm, to a Canadian parts supplier and its Russian banking partners. The GM board’s move reflects an uptick in the auto business, the Financial Times reports, and will also be a blow to the German government,... More »

MORE ABOUT:
Magna International Inc. • Germany • General Motors • mergers and acquisitions • auto industry • Opel • Sberbank

Auto Turnaround

@Ford: Give Social Media Some Credit

Ford's finally profitable, and coincidentally, it owns the web

Nov 2, 09 1:29 PM CST
(Newser) - You’ve heard all the standard reasons for Ford’s $1 billion third-quarter profit—cost-cutting, layoffs, cash for clunkers, and so forth. Lost in the hubbub is another crucial element: Ford’s social media prowess. The company's social media guru has been extremely successful at drumming up buzz for its... More »

MORE ABOUT:
social networking • Ford • auto industry • Twitter • social media

 Nissan Leaf Wins Name Game 

Not dirty, sexy, or violent, brand is 'a minor miracle'

Oct 30, 09 5:40 PM CDT
(Newser) - Nissan already had its work cut out in designing a hybrid—whatever it made had to measure up to Toyota’s hugely successful Prius. Then it needed a name, which came at the end of a process blending business, culture, and the law. Possibilities must be cleared in hundreds of... More »

MORE ABOUT:
Japan • Toyota • Nissan • Mazda • Toyota Prius • Prius • auto industry • hybrid car • vehicle • automobile • auto imports • Leaf • Nissan Leaf • Daihatsu

 In Congress, 535 New 
 GM Boardmembers 

Legislators strong-arm automaker to keep dealerships, factories open

Oct 29, 09 7:02 AM CDT
(Newser) - GM might not have realized when it took $58 billion in bailout money that it would now be beholden to members of Congress, who have been acting like 535 new board members as they angle for their constituents' (and their own) interests. Dems and Republicans alike have pressured companies to... More »

MORE ABOUT:
Congress • General Motors • auto industry • Jay Rockefeller • bailout • auto bailout

673 Stories


Slumping sales sure to hurt despite cost cutting
CNNMoney

Ford says minivan sales may plummet to 23-year low
Detroit Free Press


Business 
TwitterFollow @NewserBusiness on Twitter

 
Ford • corporate earnings • Alan Mulally • auto industry

from our news partners