Thursday, January 28, 2010
Ford on the rise: First reported profits in 4 years.
The American auto maker is increasing market share and has been profitable in all of its regions including the challenging North American market. CEO Alan Mullaly talks about competing on a global scale and how being consistent and delivering a solid product has helped the company. Shares are now above $12 from $1.50 in February 2009. The company also won awards at the Detroit Auto Show. Exports also explain that Ford will play off of Toyota's recent missteps. This is just encouraging to read about a great American company get out of the red and establish authority in this industry. America needed this boost to our confidence.
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2 comments:
It's nice to see the American car companies finally making a turnaround. Hopefully it'll help save or even create some jobs.
I agree, Ford is now the leader of the American car comeback. With Toyota's accelerator slip, they are likely to gain highly competitive market share, which GM and other Japanese manufacturers are aiming for as well. The fact that Ford is finally making a profit and with out the governments help is a sign of strength to come. Ford is also adding jobs as Kevin said, however the jobs they are adding, especially at their plants, are at half the wages they used to be, but in the end jobs are jobs and Ford still has its 1st profit in 4 years.
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