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Ford reports third quarter profit of $1 billion



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Wow! This is very welcome news for most people though I suppose Limbaugh and the America-haters won't like it. After all, it might damage their talking points about Obama and the Democrats doing everything wrong.

Ford Motor Co. earned $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.

The Dearborn, Mich.-based automaker on Monday reported net income of $997 million, or 29 cents per share. Ford says it now expects to be "solidly profitable" in 2011. Previously the automaker said it would be break-even or better.


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