Ford Running on All Cylinders, Posts 10th Straight Quarterly Profit, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 10/28/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Throughout the economic problems experienced by the United States and especially the automotive sector, one U.S. automaker has managed to remain afloat. (NYSE:F) (Dearborn, Michigan) was able to avoid the financial problems of its sister companies at the end of 2008 thanks to some savvy maneuvering in the two years prior to the automotive sector meltdown. When the recession hit the U.S., crippling many industries, Ford managed to hold its head above water, making cuts where necessary, but not requiring any outside financial assistance. Those efforts have paid off for the No. 2 automaker in the world, as Ford has posted its 10th consecutive quarterly profit in the third quarter of 2011.
Ford is currently investing $1.1 billion at its Claycomo assembly plant in Missouri in order to add a second shift to assemble the F-150 pickup and will add a new assembly line to produce the Transit full-size van. Ford is also investing more than $100 million at its assembly plant in Avon Lake, Ohio, to produce mid-size truck and motor home chassis.
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Joe Govreau
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Datum: 28.10.2011 - 04:20 Uhr
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