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Ford earns $1.6 billion in 3Q,
best-ever results in North America
Detroit Free Press, by Alisa Priddle
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Original Article
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Posted By:Ribicon, 10/31/2012 12:08:30 AM
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| Ford reported a $1.6 billion third-quarter net income as its best-ever quarterly results in North America more than offset continuing losses in Europe. Revenue was $32.1 billion for the quarter. Pretax profits of $2.3 billion in North America more than made up for a $468 million pretax loss in Europe. Other regions were all in the black. The earnings per share of 40 cents beat the street’s expectations of 30 cents and year-ago’s 34 cents. “This is the third quarter in a row where we earned over $2 billion and had an operating margin over 10%,”
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Comments:
Bit of good news. Would love to know how many buyers were former customers of Chrysler and GM.
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Reply 1 - Posted by:
Blackeagle, 10/31/2012 12:18:03 AM (No. 8975991)
Whoopee! 'F' is one of mine.
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Reply 2 - Posted by:
Jiobaobubai, 10/31/2012 12:24:54 AM (No. 8975999)
As a VERY happy Shelby driver, I am happy to contribute to Ford's success, even if my purchase was earlier in the year.
Glad to see Americans reward Ford. I don't think the punk, GM, or Chrysler have any idea how much anger they stirred up with their stealing. They used the law enforced, coercive power of government to take our money.
They are no different than any mafia and punk helped them.
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Reply 3 - Posted by:
thetaxi, 10/31/2012 12:33:54 AM (No. 8976007)
Even my hard-core Dem neighbor is going for a Ford as his next car.
Said he couldn't stomach a GM given the bail-out baggage and total investor rip-off.
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Reply 4 - Posted by:
SmallDog, 10/31/2012 12:34:52 AM (No. 8976008)
No bail out, just a better product at a reasonable price.
It's called Capitalism.
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Reply 5 - Posted by:
Bird, 10/31/2012 12:50:03 AM (No. 8976018)
Amen #4. We went with Ford and haven't been sorry.
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Reply 6 - Posted by:
kanphil, 10/31/2012 1:14:11 AM (No. 8976031)
And that's real money, too, not the phony baloney "profits" GM has been bragging about.
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Reply 7 - Posted by:
rtwngprof, 10/31/2012 1:41:40 AM (No. 8976043)
I bought a new Mustang this year, and the fact that they didn't take any federal money played a large part in my choice.
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Reply 8 - Posted by:
jkcinsalem, 10/31/2012 2:21:08 AM (No. 8976057)
This is how it's done. Congratulations to The Ford Motor Co.
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Reply 9 - Posted by:
janylou, 10/31/2012 2:22:45 AM (No. 8976058)
They are doing well because they don't have all the union debt. I wonder how long the others will survive because they still do?
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Reply 10 - Posted by:
kono, 10/31/2012 2:46:00 AM (No. 8976064)
Ford was on hard times in the '90s, but did a very nice turnaround a decade ago, and has had the highest quality American cars for several years now. I may switch from Mazda to Ford next time I buy a car.
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Reply 11 - Posted by:
4Justice, 10/31/2012 2:57:44 AM (No. 8976067)
My ancient BMW is on its last legs...I probably need to get another car soon. I will definitely think about getting a Ford again. I had a Granada from 78-80 (my dad's former company car) as my first car and it always treated me right.
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Reply 12 - Posted by:
Kurto, 10/31/2012 3:22:28 AM (No. 8976076)
Apparently, Ford has figured out something that 0bama Motors has not. Make a product that the consumers, at the right price, and people will buy it.
Hopefully, President Romney's Treasury Secretary will dump 0bama's GM stock. It will hit them hard, but whatever rises from the ashes will be more respectable than what it is now. Screw the UAW. Let them work the drive through far a while.
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Reply 13 - Posted by:
beamer, 10/31/2012 3:25:15 AM (No. 8976078)
I had a trip to the Midwest in September. Rented a car, which turned out to be a Ford. I was really impressed. I usually drive either a BMW or a Mercedes, but I could not believe that Ford had made such a nice car. Good for them!
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Reply 14 - Posted by:
starkness, 10/31/2012 3:36:59 AM (No. 8976081)
hey anyone got any tips the last time i drove a ford was in holland and germany back in 87 it was a scorpio and was definitely autobahn ready. i need to buy my wife something of the sort.
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Reply 15 - Posted by:
Trigger2, 10/31/2012 5:00:45 AM (No. 8976097)
The auto bailout, which should really be called the union bailout, is such a flaming success that Chrysler was handed over to Fiat who is turn is going to ship it to China or maybe Europe, GM is going broke, and the taxpayers and bond holders got hosed. Wow. What a success.
My son-in-law who has never owned a Ford in his life finally saw the light and he bought a new Ford last month.
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Reply 16 - Posted by:
pineledger, 10/31/2012 5:21:31 AM (No. 8976111)
And they DID build that.
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Reply 17 - Posted by:
Keekng, 10/31/2012 5:37:32 AM (No. 8976119)
Theydid it all without gub'mint money!
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Reply 18 - Posted by:
Pinchem, 10/31/2012 8:14:52 AM (No. 8976305)
Hooray for Ford. My Coachman Van Motorhome is a Ford E-250. Has been great and always dependable on trips between Fla and KY. Being a van I have used it as a normal vehicle as well. Of course the trick is to change the oil often and rotate the tires and they'll run forever.
Now I must move on and it is for sale. Someone will get a bargain.
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Reply 19 - Posted by:
Peacekeeper_US, 10/31/2012 10:41:57 AM (No. 8976652)
I ordered a new Explorer 2 weeks ago...more jobs for Chicago!
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Posted By: BuckeyeRon- 4/29/2013 10:28:43 PM
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The Tsarnaev family, including the suspected terrorists and their parents, benefited from more than $100,000 in taxpayer-funded assistance — a bonanza ranging from cash and food stamps to Section 8 housing from 2002 to 2012, the Herald has learned. “The breadth of the benefits the family was receiving was stunning,” said a person with knowledge of documents handed over to a legislative committee today. The state has handed over more than 500 documents to the 11-member House Post Audit and Oversight Committee, which today met for the first time and plans to call in officials from the Department of Transitional
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In the lore of the ancient Romans, Horatius was a soldier who single-handedly fought off an invading army. The Etruscans had attacked in order to impose a despot on Rome and, by holding them back while his comrades destroyed the bridge that was the only practical route to the city, this single warrior saved the free republic. Obamacare is certainly the bridge via which the forces of despotism plan to “fundamentally transform” the United States, and a decorated Iraq veteran named Matt Sissel may be the Horatius who prevents them from crossing.
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Posted By: KarenJ1- 4/29/2013 10:41:36 AM
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The American Society of Plastic Surgeons released its latest cosmetic and resconstructive surgery statistics on Monday. Many of the trends were familiar. In all, the group reported, Americans underwent 1.6 million cosmetic surgeries, including face-lifts, liposuction and rhinoplasty; 13 million minimally invasive procedures (think Botox injections) and 5.6 million reconstructive procedures (including tumor removal and scar revision). People in the U.S. spent $11 billion on the cosmetic procedures alone. Once again, for the seventh year in a row, breast augmentation was the most popular form of cosmetic surgery, with 286,000 operations performed.
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