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Financial Situation Looking up for FordReported by: Newsroom Solutions
Monday, Nov 2, 2009 @07:00am CST
Cost cuts and an increased market value has resulted in Ford Motor Company posting a one-point-three-billion-dollar profit in the third quarter.
It was the automaker's first profit since the second quarter of 2007 and its first quarterly profit in North America since the first quarter of 2005.
The profit announcement caused Ford stock to rise nearly six-percent in pre-market trading on Wall Street.
Company officials say they expect Ford to be "solidly profitable" by 2011.
The company posted losses totalling 30-billion dollars from 2006 through last year.
Ford is the only major U.S. automaker not to file for bankruptcy. -
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Other Local Stories from KARK 4 NewsSaturday, November 21st, 20096:00 AMReported by: KARK 4 NewsAt Statehouse Convention Center in Little Rock from noon to 7:00.
4:00 AMReported by: KARK 4 NewsNormal hours resume Sunday.
2:00 AMReported by: KARK 4 NewsBattle McNeese State in Southland Conference game.
12:00 AMReported by: KARK 4 NewsWatch at 10:00, the only place to see the live drawing.
Friday, November 20th, 20099:45 PMReported by: KARK NewsA candlelight vigil was held to encourage Senator Blanche Lincoln not to vote in favor of healthcare reform
6:51 PMReported by: KARK 4 News51-year-old Alex Reaves is charged with manufacturing and possession of a controlled substance.
6:42 PMReported by: KARK 4 NewsAfter a small pox scare this morning, the River Valley Medical Center is accepting emergency room patients again.
5:36 PMReported by: Lauren Trager, KARK 4 NewsA local group is upset that the Secretary of State denied their request for the second year in a row, to have a display on the Capitol grounds for the holidays.
5:24 PMReported by: KARK 4 NewsWard Three Alderman Cary Gaines resigned, effective today.
3:50 PMReported by: Melissa Simas20 kids placed in permanent homes.
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