There's a Ford in Our Future

by Janet Crain
Amid Toyota's problems and its self inflicted exacerbation of those problems, it's nice to hear that a traditional American company has posted a profit.

Ford Says It Made $2.7 Billion in 2009, Its First Annual Profit in Four Years

The Ford Motor Company said Thursday that it made $2.7
billion in 2009, and that it would be profitable in 2010 and
beyond. Ford says it benefited from cost-cutting, debt
reduction and popular cars and trucks like the Ford Fusion
sedan and Escape SUV. Ford's net income of 86 cents per share
rose from the year before, when it lost a record $14.6
billion.

Read More:
http://www.nytimes.com?emc=na

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Big Three Not So Big Now

Big Three Fight for Their Lives

By Daniel Politi
Posted Wednesday, Dec. 3, 2008, at 6:31 AM ET

The New York Times, Washington Post, Los Angeles Times, and Wall Street Journal lead with the restructuring plans that Detroit's Big Three presented to lawmakers yesterday in hopes that they will help garner support for billions of dollars in government assistance. On the same day as new industry-wide figures revealed that November was the worst sales month in 26 years, two of Detroit's giants made it clear they're hanging on by a string. General Motors could collapse by the end of the year and said it needs an immediate injection of $4 billion and will need as much as $18 billion in loans over the next year. Chrysler could suffer a similar fate and asked for a $7 billion loan before the end of the year, and Ford asked for a $9 billion line of credit but took pains to emphasize that it might not need it. The automakers will make their case to lawmakers this week, and Democratic leaders said they hope to have a bill ready by next Friday.

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