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Ford back in black, earns close to $1 billion Automaker sees solid profitability by 2011 after 3rd quarter report. Revival follows years of cost cuts, speedier rollout of new models.

Publication: St Louis Post-Dispatch (MO)
Publication Date: 03-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ford back in black, earns close to $1 billion Automaker sees solid profitability by 2011 after 3rd quarter report. Revival follows years of cost cuts, speedier rollout of new models.(News)

Article Excerpt
Byline: DEE-ANN DURBIN AND TOM KRISHER The Associated Press

DEARBORN, Mich. - One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years.

Emerging from a three-year makeover with popular cars and trucks, Ford said Monday that it earned nearly $1 billion in the third quarter and will be solidly profitable by 2011, a more optimistic forecast than earlier.

Although heavy debt and lean times for American car shoppers threaten the comeback, the report puts Ford in a far better position than General Motors or Chrysler, which are still finding their bearings after emerging from bankruptcy.

Ford's cars are winning popular and critical acclaim, such as the Fusion midsize sedan and the more gas-efficient Focus compact. And years of painful cost-cutting, which have halved its work...

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