Ford bounces back

After recording massive losses in 2008 and being linked to a Government bailout, Ford has defied the critics to post its best profits in 13 years.

It was in Europe that business boomed the most, with a pre-tax operating profit of $293 million - an increase of $186 million. In America, Ford made a profit of f $1.8 billion, which was $591 million more than last year.

‘Our team delivered a great quarter, with solid growth and improvements in all regions,’ said Alan Mulally, Ford’s president and CEO.

‘We continue to accelerate our One Ford plan around the world, delivering on our commitments to serve our global customers with a full family of best-in-class vehicles and deliver profitable growth for all, despite uncertain economic conditions.’

Apparently, Ford’s new found success is due in part to the consumer move towards smaller and greener cars.

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