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strong profits

October 27, 2010

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.

Ford Motor, controlled by the Ford family, said net earnings were $1.7 billion in the third quarter, an increase of $690 million.
 
The Detroit-based carmaker said the strong performance brings the company's net profits in the year to date to $6.4 billion, compared with a loss of $14.6 billion in 2008.
 
Despite the improved profitability, Ford is still grappling with a high debt burden totalling $26.4 billion at the end of September.
 

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