Monday, November 2, 2009

My Next Car

I've been a Saturn fan for nigh on 12 years now, but since GM decided to kill the deal with Penske I'll be moving on from that brand. If I buy another American car it will be a Henry Ford. They're doing pretty well.

The company reported net income of $997 million, or 29 cents per share, a $1.2 billion improvement compared with the same period last year. Wall Street had been expecting the Dearborn automaker to lose 12 cents a share, according to a survey of 11 analysts by Thomson Reuters. Ford lost $129 million during the same three-month period a year ago.

"Our third quarter results clearly show that Ford is making tremendous progress despite the prolonged slump in the global economy," said Ford CEO Alan Mulally. "Our solid product lineup is leading the way in all markets. While we still face a challenging road ahead, our 'One Ford' transformation plan is working and our underlying business continues to grow stronger."

...and they haven't drunk the Obama koolaid like GM and Chrysler.

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