Results tagged “ford”

With a $1 billion net income for the 3rd quarter, Ford is forecasting "solidly profitable" future by 2011. The AP reports: "The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford's shares rose 58 cents, or 8.3 percent, to $7.58 in pre-market trading." The company was the only Detroit automaker that did not receive government aid or go to bankruptcy court.

                  

If you're in need of an escape from the forced awkward conversations with relatives that turkey and a day off from work brings, head downtown to the Convention Center and check out the LA Auto Show. All of the manufacturers you've heard of and a bunch you've never heard of, found enough money in their budgets to make the trip and fortunately they brought some of their best new cars with them. Ford premiered the 2010 Mustang, Mini unveiled an all-electric ride and Nissan busted out a cube-shaped vehicle cleverly titled Cube (For more new cars making their premiere at the LA Auto Show Jalopnik has their Top 10 Reveals).

Now here's a sign of the times. Ford Motor Company has posted their 2nd Quarter results showing a $8.67 billion loss in the United States market. With gas rising, the economy struggling and a generally more eco-conscious(ish) nation, is this a surprise next move? "They will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles," according to the Associated Press.

40 years ago today, American soldiers in Charlie Company, of 1st Battalion, 20th Infantry Regiment, 11th Brigade, 23rd Infantry Division, murdered upwards of 500 civilians, almost exclusively women, children, and old men, in the hamlets of My Lai and My Khe in Vietnam.