Thursday, January 28, 2010

Ford Posts A Profit for First Time Since 2005

In comparison to the other American car companies, Ford has been doing well this past year. While GM and Chrysler have experienced declining revenue, Ford has enjoyed increased sales.

The cherry on the top of this automotive parfait is Ford's announcement today that they have posted their first annual profit since 2005. This profit represents a whopping earnings per share of 43 cents, handily exceeding analyst estimates of 26 cents. And all this without taking bailout money...

Clearly, Ford is doing something right.