Ford shows profit.

[THEJOKER]

http://www.ajc.com/business/ford-reports-1-billion-182622.html Good for them. I've never owned a Chevy.

[cuda]

They did it without any goverment funding.

[Audiofn]

Just a odd blip on the radar because of cash for clunkers they were able to not give discounts that they normally would. In other words for the consumer the cash for clunkers was a no gain deal because they paid more for the car then they otherwise would have and this made Ford and other manufacturers more profit per unit. Now that cash for clunkers is gone they will be in the same hole if not much worse then they were prior to CFC.

[Audiofn]

They did it without any goverment funding.

They had plenty of Gov. Funding in Cash for Clunkers. Lets not kid ourselves....

[phragle]

not only that, Ford is crushing Chrysler and Chevy in reliabilty..


CBS/Consumer Reports: In their nationwide owner survey involving 1.4 million vehicles, the magazine said Ford is pulling away from its domestic competition and predicts that 90 percent of Ford, Mercury and Lincoln models will have average or better than average reliability in 2010. By contrast, 44 percent of GM models rated that well, while only 38 percent of Chrysler models did... Among family sedans, Ford's 4-cylinder Fusion and the Mercury Milan ranked higher than all other models except for Toyota's Prius. The Ford cars outscored Honda's Accord and Toyota's Camry, the two top-selling cars in America, "which many people view as the paradigms of reliability,"

[JupiterSunsation]

They also "pre-sold" many cars due to the clunker program, as in it was the push to sell cars that people may have bought in the next year anyway. Now that those buyers have already bought the cars then the "future" sales will be that many less.

I did drive a new GT500 Mustang over the weekend and yes it was fast! Car only had 3400 miles on it and was bone stock (until next week). Saw 130 before shutting it down, car was really torquey. I think it was the fastest car I have driven.....even 10 years ago I was way more into cars than now. The cars today are putting out so much more HP than their counterparts 10 years ago!

[clayinaustin]

DEARBORN, Mich. – Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford's shares rose 58 cents, or 8.3 percent, to $7.58 in pre-market trading.

The latest results signal that Ford's turnaround is on more solid ground. The company lost more than $14.6 billion last year and hasn't posted a full-year profit since 2005. While it made a profit in the second quarter, that was mainly due to debt reductions that cut its interest payments.

Dearborn, Mich.-based Ford reported third-quarter net income of $997 million, or 29 cents per share. Ford also forecast a "solidly profitable" 2011. Previously the automaker said it would be break-even or better.

Its key North American car and truck division posted a pretax profit of $357 million, the company's first quarter in the black since early 2005. Ford cited higher pricing, lower material costs and increased market share for the improvement.

[Blue Oval]

The world works better with good news! Lets keep it coming.

[cigdaze]

Good to hear. Go Ford.
:)

[rschap1]

I sure hope that the UAW doesn't "F" them over...
I ain't liking the sound of their NO voting on their contract.
Hard to believe an autoworker wouldn't be willing to budge a little after looking across the street at the GM and Chrysler camps...

As a sidetrack, I did visit the Henry Ford Museum and Greenfield Village with my son's 5th grade class last week. WOW!! HUGE does nothing to describe Ford's presence in that region. HUGE HUGE HUGE!!! It looked as though all of Detroit owes Ford ALOT. So many examples of philanthropy there. INCREDIBLE! I could help but think, "what if...?" I wish them the best.(Been driving Fords for alot of years now) There is going to be one HE-- of a black hole if their sucess fades! BTW kids had a great time, and my son got to run an old turret lathe making a candle stick holder. Neat place full of history. I was surprised by how much GM, Chrysler, and foreign auto history was shown. Expected it to be slanted more towards the Blue Oval but not at all. Can ya tell I was impressed.

[clayinaustin]

Its key North American car and truck division posted a pretax profit of $357 million, the company's first quarter in the black since early 2005. Ford cited higher pricing, lower material costs and increased market share for the improvement.

I think y'all missed my point. Ford is rasing prices! :(

www.fordvehicles.com/trucks/f150/models/ (http://www.fordvehicles.com/trucks/f150/models/)

$42,000 for a 1/2 ton pickup truck??? :eek:

[LaughingCat]

Too much cheap plastic in Ford and Chevy. Stoped buying Dodge when their 318's kept blowing on my due to sludge. (long story, almost a class action alwsuit to get warranty coverage.) Switched to LExus and no problems. My wife's Lard Rover Discovery is 6 years old and spends most of its time at dealership.

We're considering the GMC Denali so she can tote more kids during carpool. I like the On-Star package for safety. She'd prefer a Range Rover. i told her to get used to disappointment. :)

[cuda]

I think y'all missed my point. Ford is rasing prices! :(

www.fordvehicles.com/trucks/f150/models/ (http://www.fordvehicles.com/trucks/f150/models/)

$42,000 for a 1/2 ton pickup truck??? :eek:

I didn't pay that much for a one ton F 350 4x4 PSD. Where did you get that price???

[Audiofn]

Cuda he gave you the link from Ford :D:D

[Indy]

Got a great price on my '08 F250 from Mat on this forum.

[Indy]

Good for them. I've never owned a Chevy.

I have...that's why I have a Ford.

[2112]

Don't worry, the UAW has rejected the contract that Leadership OK'd a few weeks back. :(

http://www.tulsaworld.com/business/article.aspx?subjectid=54&articleid=20091101_13_A8_DETROI391943

.

[LaughingCat]

Don't worry, the UAW has rejected the contract that Leadership OK'd a few weeks back. :(

http://www.tulsaworld.com/business/article.aspx?subjectid=54&articleid=20091101_13_A8_DETROI391943

.

Hey, if they want to 'vote' themselves out of a job, no worries. There comes a point when the desperate laid off workers will work outside the union.

[phragle]

maybe they should read up on the merc/union fiasco.... they may get it up the azz, but at least they get the reach around of still having a job... unemployment in an economy ripe with joblessness offers no such reach around, and the lube of the unemployment check runs out faster than they realize....

[2112]

Or Boeing out here. Machinists (plane assemblers) Union goes on strike every three years.
Now they are ****ed that Boeing is opening another line in S. Carolina.

Here are pictures of the statues outside the union headquarters;

"Of all the images the IAM chose to portray with a statue outside their headquarters, why didn't they show workers carrying their tools? Or workers diligently... working?

Instead, they chose to use the image of workers on strike carrying picket signs. This is a huge part of the problem of the dispute between the union and the company".

[cigdaze]

I see a bunch of guys standing around not working.

[cuda]

I have...that's why I have a Ford.

Me too. I bought a brand new 3500 Chevy diesel in 1996. I used the Florida Lemon law on it, and have owned nothing but Fords since.

[Slandrew]

SES Taures 170000 miles bought new 2000 every thing still works don't burn oil:) Will buy another 1 no regrets here:seeya:

[03darkshadow]

I think y'all missed my point. Ford is rasing prices! :(

www.fordvehicles.com/trucks/f150/models/ (http://www.fordvehicles.com/trucks/f150/models/)

$42,000 for a 1/2 ton pickup truck??? :eek:



you can get a lot more chevy for the same price. but i did go to the local dealership and they're offering about 10k off sticker. :rofl: so the ones that sticker for 48k are actually 38k which is where they should be in the first place.

[BillR]

Use Ford for all my business trucks.
Have had 2 F350's to pull boat
had 2 explorers
had a 2006 Mustang.

ALL of them have been trouble free, rattle free and a good value.

Had 2 Grand Cherokees - both had trans problems, and one stranded me
Had a Tahoe - what a POS! Cheap plastic and pretty much a snap together interior. Would have a small lake on drivers side after rain, and other minor issues.

My father was a VW dealer while I was growing up, so American cars were frowned upon in our family. I do have a Jetta too and it is a very solid car.

[cuda]

I have a 99 F 250 with a 5.4 and 263,000 miles on it, Doesn't burn or leak oil.

[RLJ676]

Ford has made a lot of progress on their plan, and after mortgaging everything at the last possible second before the capital markets collapsed they have lucked out GM and Chrysler couldn't borrow privately. I'd say the biggest thing they have going for them is public sentiment of not being bailed out. It's amazing how that rubs off on the laypersons perceptions of their products as better, etc.

They are on the right path, but a long way from safe due to their massive debt load and lack of UAW help getting even more competitive.

[Expensive Date]

I love the new Trition motor,making a fortune selling the tools to get the spark plugs out when they break:26:

[2112]

I see a bunch of guys standing around not working.

Exactly.

.

[Andrew]

I'd say the biggest thing they have going for them is public sentiment of not being bailed out. It's amazing how that rubs off on the laypersons perceptions of their products as better, etc.

You're wrong on this one, Ford's rise in quality began well before the bailout era and now rivals Toyota and Honda.

[2112]

Use Ford for all my business trucks.
Have had 2 F350's to pull boat
had 2 explorers
had a 2006 Mustang.

ALL of them have been trouble free, rattle free and a good value.



Now how about for your boat? :sifone:
.

[2112]

you're wrong on this one, ford's rise in quality began well before the bailout era and now rivals toyota and honda.

+1

.

[RLJ676]

You're wrong on this one, Ford's rise in quality began well before the bailout era and now rivals Toyota and Honda.


I'm wrong that I don't think that? Guess you misunderstand an opinion. If you just read a little on the internet you'll see far more "I'll buy a Ford now but never a government motors cuz I'm no socialist" rather than "Ford has first class quality so I'll buy one" which is what I've based my opinion on.

I'm more than a little aware of Ford's quality improvements over the past few years. I'd say I'm more aware of both Ford's turnaround plan and GM's in this time frame than very few would have the "privilage" of being.;)

Also, when I say product perception I mean the whole package, style, performance, quality interiors (rather than durability type quality as measured in reports).

[JupiterSunsation]

Sure hope Chuck with his 2008 $60,000 F450 Lemon doesn't read this......he might go postal!

[Andrew]

I'm wrong that I don't think that? Guess you misunderstand an opinion. If you just read a little on the internet you'll see far more "I'll buy a Ford now but never a government motors cuz I'm no socialist" rather than "Ford has first class quality so I'll buy one" which is what I've based my opinion on.

I'm more than a little aware of Ford's quality improvements over the past few years. I'd say I'm more aware of both Ford's turnaround plan and GM's in this time frame than very few would have the "privilage" of being.;)

Also, when I say product perception I mean the whole package, style, performance, quality interiors (rather than durability type quality as measured in reports).

You're right, I apoligize. I should have said, "In my opinion your opinion is wrong". :sifone:

In my opinion it was good business sense and not "luck" that landed Ford in their current position.

[LaughingCat]

It started when the latest ford family member had the wherewithall to get out of the way and hire a real CEO. One of his first ideas was to sell off profitable divisions. The Ford guy asks why he would do that. He said, becasue we can get a good price for them and sink it into the Ford product.

Now, if only they would also sell off the Detroit Lions. . .

[LaughingCat]

I still don't understand why the major automakers had so many sub-companies under their belts. Ford/Lincoln?mercury - Chevy/GMC/Cadillac/Hummer/Saturn/Uranus. say whatever you want about separate business models and styles, there is significant duplication of effort that could have been streamlined.

[03darkshadow]

I still don't understand why the major automakers had so many sub-companies under their belts. Ford/Lincoln?mercury - Chevy/GMC/Cadillac/Hummer/Saturn/Uranus. say whatever you want about separate business models and styles, there is significant duplication of effort that could have been streamlined.



look up at the sky, whats that? Uranus... :rofl:

[2112]

I still don't understand why the major automakers had so many sub-companies under their belts. Ford/Lincoln?mercury - Chevy/GMC/Cadillac/Hummer/Saturn/Uranus. say whatever you want about separate business models and styles, there is significant duplication of effort that could have been streamlined.

I think that is exactly what is going on. I just wish the G8, Soltice and SKY would have become Chev or Buick models. :(

.

[cuda]

I see a bunch of guys standing around not working.

Kind of like city or county workers. One guy working, and nine guys watching. They have no incentive to make a profit. It's a fine example of what socialism will do.

[cuda]

I'm wrong that I don't think that? Guess you misunderstand an opinion. If you just read a little on the internet you'll see far more "I'll buy a Ford now but never a government motors cuz I'm no socialist" rather than "Ford has first class quality so I'll buy one" which is what I've based my opinion on.

I'm more than a little aware of Ford's quality improvements over the past few years. I'd say I'm more aware of both Ford's turnaround plan and GM's in this time frame than very few would have the "privilage" of being.;)

Also, when I say product perception I mean the whole package, style, performance, quality interiors (rather than durability type quality as measured in reports).

I have bought new Fords that have been exeptionally trouble free since 1997. That's not my opinion, it's a fact.

[clayinaustin]

I would argue that Ford's success is less about how they have changed (for the better) and more about the lack of options at GM. Anyone who was looking to buy a Pontiac or Saturn, will now look at a Ford automobile. Someone wanting an American made Hummer will not buy a "Chinese" Hummer, but will instead look at a Ford Truck or SUV.

People don't really care if GM and Chrysler got bailed out by the government. They care much more about their own personal finances. When they buy a new car, they want to be sure that the manufacturer will still be in business when the car is finally paid for.

Just my two-cents... :cool:

[yesrej]

I would argue that Ford's success is less about how they have changed (for the better) and more about the lack of options at GM. Anyone who was looking to buy a Pontiac or Saturn, will now look at a Ford automobile. Someone wanting an American made Hummer will not buy a "Chinese" Hummer, but will instead look at a Ford Truck or SUV.

People don't really care if GM and Chrysler got bailed out by the government. They care much more about their own personal finances. When they buy a new car, they want to be sure that the manufacturer will still be in business when the car is finally paid for.

Just my two-cents... :cool:

makes sense.

[RLJ676]

I have bought new Fords that have been exeptionally trouble free since 1997. That's not my opinion, it's a fact.

What on earth does a single anecdote like this have to do with anything I said?

[RLJ676]

You're right, I apoligize. I should have said, "In my opinion your opinion is wrong". :sifone:

In my opinion it was good business sense and not "luck" that landed Ford in their current position.

I'm not disagreeing with that really. Mulally had the good sense to borrow as much cash as he could for restructuring. He knew two things from Boeing, they are more expensive than you plan, and anything can happen. He had no idea it would get where you couldn't borrow a penny, but he still was a genius for borrowing that money. In turn, they didn't have to rely on the gov't as heavily (although I believe they did borrow some for Ford Credit). GM and Chrysler did. Great move by them, bad luck for anyone else that tried to raise cash later.

If you spend much time on auto blogs (I do as it's my career) or even on sites like this there are TONS of people talking about how they won't buy govenment motors cars now. There's far less buzz about buying Ford's because of improved quality. Quality has improved for everyone so much that it really should not be at the top of anyone's decision matrix because most anything's a "safe bet" (including the Koreans, Germans, etc).

So, while Ford's products have improved greatly (as has GM they just have a ton more older models still in the mix bringing down the overall quality performance) it's not in my mind the key driver for their recent "success."

[cuda]

What on earth does a single anecdote like this have to do with anything I said?

It's a true life experience, not some pie in the sky like you offer. Figure that one out o wise one.

[Audiofn]

Cuda I could counter that I have had Horrible Ford experiences. My F-350 was in the shop almsot weekly and my Escape Hybrid was 1 year old and needed a 1500 dollar brake job and has paint peeling off it. Non of this was covered by Ford. They would not even let me get in touch with the area rep. I had my local shop fix my breaks and the paint is still peeling. Now the breaks when stopping often times just stop working for a second and I know they are going to tell me to **** up a rope on that as well.

[RLJ676]

It's a true life experience, not some pie in the sky like you offer. Figure that one out o wise one.


Cuda I could counter that I have had Horrible Ford experiences. My F-350 was in the shop almsot weekly and my Escape Hybrid was 1 year old and needed a 1500 dollar brake job and has paint peeling off it. Non of this was covered by Ford. They would not even let me get in touch with the area rep. I had my local shop fix my breaks and the paint is still peeling. Now the breaks when stopping often times just stop working for a second and I know they are going to tell me to **** up a rope on that as well.

Well, it doesn't take a "wise one" to know that any individuals experience with a particular brand is irrelivant. It takes more than one persons experience to be remotely stastically signifigant (Ford sells millions of cars a year, so a few experiences tell absolutely nothing about the other millions of them). For example, Audio has countered yours, so which is to be believed now? So, your personal experience of quality as a "comment" to my assertion that Ford has gained more from not going bankrupt than their improved quality (which I agreed with) still makes absolutely no sense. It neither addresses my point, or has any bearing towards their quality.

You will disagree, great, keep buying Ford's as I agree they are quality.

[03darkshadow]

i still cant wait till ford puts the 400+ hp 6.2 in the trucks. its about f'ing time they make a bigger motor. they've been getting stomped on by everyone else for too long.

[phragle]

Im not sure what it is, but for will be offering a bigger motor for the raptor next year....

[RLJ676]

Im not sure what it is, but for will be offering a bigger motor for the raptor next year....

It'll be the 6.2L, and like 411 hp similar tq. Will make that truck even that much badder.:driving:

[03darkshadow]

6.2 liters and about 411 hp and 430ish torque. its on their website, it looks like its going to be bad ass