AUTOMOTIVES/POLITICS - The Ford Motor Company, the only one of the Big Three American automakers who did NOT receive a buyout from the United States government, has posted a billion dollar profit today.
Wall Street and other financial markets are up an avrg. of 2% today as the surprise good news spread of Ford's third quarter profit of $997 million USD, and they didn't even need government money to do it.
Ford has been moving aggressively on cutting back on materials costs, to the tune of $200 million. It also won concessions from unions that resulted in another $300 million in savings. Ford's United States market share rose by 2.2% to 14.6%, resulting in extra profits too.
Ford's stocks are also up today, by 8.39% to $7.58 USD. Ford is up a sum of 12% since April, the height of the automotive industry's financial crisis.
Chrysler and General Motors meanwhile are still in the red. Its expected however that once cost saving measures are in place that they will begin to turn a profit again.
American, Canadian, Toronto & International News Commentary: Spreading Freedom in the Face of Tyranny
November 2, 2009
Subscribe to:
Post Comments (Atom)
Affordable Website Design & SEO
|
Featured Posts
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
Peasant Magazine is seeking submissions for Issue #2. Specifically it is looking for fantasy, historical fantasy, historical fiction an...
-
CANADA - I am henceforth boycotting Yak Canada and encouraging other people to do the same. A telemarketer from Yak Canada called me on my...
-
When was the last time you read a poetry book? If you enjoy poetry by Canadian poets do check out Gail M. Murray 's book: Reflections &a...
-
CANADA - The following is a list of 10 reasons why Torontonians are considered the rudest city in Canada. The sad part is Toronto may deser...
-
CARS - Nobody ever steals a pink car. According to a Dutch study which compared the colour of cars being stolen, pink is the safest colour ...
-
This post has been moved to CardioTrek.ca : Women's Hockey in Canada at a Crossroads
-
By Charles Moffat - October 2010. CANADA - If you are looking to buy a home in Toronto, or even Brampton or Mississauga then the prices of...
-
SEX / TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing number of...
-
ENVIRONMENT - Air travel in Europe has practically ground to an halt as ash and chemicals from an erupting volcano in Iceland makes air tra...
-
ENTERTAINMENT - Can't wait for this Summer's movies? Watch the trailers for May and make a list of the ones you want to see. We wil...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.