Ford Makes $1 billion Profit in Third-Quarter 2009

Ford Makes $1 billion Profit in Third-Quarter 2009

2009 Ford F150-Auto Tribute
In another surprising announcement, Ford says it made nearly $1 billion in profits ($997 million to be exact) for the third-quarter of 2009, its first operating profit in nearly two years. Ever since GM and Chrysler filed for bankruptcy, it has been all good news the Dearborn automaker. Just recently, it reported a sales increase for the month of October, the second consecutive month of increase.

“Our third quarter results clearly show that Ford is making tremendous progress despite the prolonged slump in the global economy,” said Ford President and CEO Alan Mulally. “Our solid product lineup is leading the way in all markets. While we still face a challenging road ahead, our One Ford transformation plan is working and our underlying business continues to grow stronger.”

Ford reported a revenue of $30.9 billion for the quarter, down $800 million from the same period last year. The company’s gross cash increased by more than $1 billion, from $21 billion at the end of the second quarter to $23.8 billion.

Join a growing list of car enthusiasts who receive our newsletter to stay up to date with the ever-changing automotive industry. It's free!
We hate spam. Your email address will not be sold or shared with anyone else.

  • Woody Thompson



More in Breaking

Mobius 2 SUV

African Company Mobius Makes World’s Cheapest SUV [Video]

Kwame OwusuJul 9, 2012
Pininfarina Alfa Romeo Spider rear

Mazda and Fiat Team-up to Develop New Roadster

Kwame OwusuMay 24, 2012
2013 Hyundai Santa Fe

All-new 2013 Hyundai Santa Fe Pictures Revealed

Kwame OwusuMar 11, 2012
2013 Mercedes A-Class

All-new Mercedes A-Class Hatchback Pictures and Details

Kwame OwusuMar 5, 2012
Range Rover Evoque Convertible Concept

Range Rover Evoque Convertible Picture Leaked

Kwame OwusuFeb 24, 2012
Tesla Model X

Tesla Model X Prototype Revealed [w/Video]

Speedy GoFeb 10, 2012
Saab 9-4x grille

Saab Files for Bankruptcy, Youngman and Turkish Government Still Interested

Kwame OwusuDec 20, 2011
Maybach Coupe

Mercedes-Benz Killing Maybach in 2013

Kwame OwusuNov 25, 2011