Ford Turns 1st Quarterly Profit in 2 Years

Investors rally for Mulally as turnaround picks up speed

(NEWSER) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its Jaguar and Land Rover brands. Insiders say Volvo could be the next to go. More»

(NEWSER) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track. More»

Ford highest-ranked carmaker overall, Toyota falls

(NEWSER) - American automakers scored higher marks on quality than their foreign rivals for the first time since the JD Power survey began in 1986, the Detroit Free Press reports. A dozen Ford models ranked in the top three in their segments, making it the highest-ranked automaker overall. Ford's namesake brand ranked fifth, and General Motors had 10 brands in the top vehicle rankings. More»

Automaker nabs car, truck of the year

(NEWSER) - Ford vehicles won both car and truck of the year at the North American International Auto Show in Detroit, cementing the carmaker's dominance over its domestic competition. The Fusion Hybrid snagged car of the year, and the company copped truck of the year for the second consecutive year with the Transit Connect. Ford was the only American auto firm to gain market share in 2009, CNNMoney reports. More»

Jaguar, Land Rover acquisitions add dimension to Indian giant's broad base

(NEWSER) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars in Africa, South America, and throughout Asia. More»