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.
Subscribe to:
Post Comments (Atom)
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
-
Visit amazon.com/author/moffat to get free short stories and huge discounts on fantasy books by Charles Moffat. Sale ends on October 20th. -
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... -
Note About Images: In this post are 7 examples of North Korean propaganda posters, as well as two images of women in the North Korean army. ... -
CANADA - Seriously... who was going to vote for a bald guy named Rocco Rossi??? According to polls 4% of Torontonians were thinking of voti... -
POLITICS - CIA interrogators used waterboarding, the near-drowning torture technique that top Obama administration officials have describe... -
Peasant Magazine is seeking submissions for Issue #2. Specifically it is looking for fantasy, historical fantasy, historical fiction an... -
Talk to anyone who is in the business of selling archery equipment and they will tell you that archery equipment sales are through the roof....
-
CANADA - An increasing number of Canadian soldiers may be using, dealing and becoming addicted to drugs, say reports from Canadian Forces of... -
HEALTH - Some of you may have heard about the health benefits of being vegetarian or vegan. And there is a tonne of health benefits (and ...
-
By Ai Lung Nguyen - February 2011. TECHNOLOGY - It really boils down to a battle for market share... Facebook and Google have been conduct...
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.