<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><img vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/10/ford-badge.jpg" alt="" /><br />
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Surprising news comes courtesy of Ford this morning in the form of an unexpectedly good third quarter report. The Blue Oval posted $997 million in positive net income over the third quarter, which represents its first operating profit in over a year. Even better news is that Ford's success was driven in part by actual product sales, with market share increasing in North America, South America and Europe.<br />
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Ford Credit, the financial arm of the automaker's operations, also posted relatively good numbers in the third quarter of 2009 with an after-tax profit of $427 million. Though Ford is selling fewer vehicles overall from the heyday of the early 2000s, its off-lease models aren't depreciating as rapidly as before and are selling for higher transaction prices at auction.<br />
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While making nearly a billion dollars in the third quarter of 2009 is welcome news, the automaker still has a tough road aheard in the coming years. In recognition of this fact, Ford isn't predicting solid profitability and consistently positive operating cash flow until 2011. For all the mind-numbing details, hit the jump for the full press release from Ford.<br />
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[Source: Ford]<p><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/" rel="bookmark">Continue reading <em>Ford posts $1 billion in profit, surprisingly good third quarter report</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/">Ford posts $1 billion in profit, surprisingly good third quarter report</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Mon, 02 Nov 2009 10:55:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19218983/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/#comments" title="View reader comments on this entry">Comments</a>
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<br />
Surprising news comes courtesy of Ford this morning in the form of an unexpectedly good third quarter report. The Blue Oval posted $997 million in positive net income over the third quarter, which represents its first operating profit in over a year. Even better news is that Ford's success was driven in part by actual product sales, with market share increasing in North America, South America and Europe.<br />
<br />
Ford Credit, the financial arm of the automaker's operations, also posted relatively good numbers in the third quarter of 2009 with an after-tax profit of $427 million. Though Ford is selling fewer vehicles overall from the heyday of the early 2000s, its off-lease models aren't depreciating as rapidly as before and are selling for higher transaction prices at auction.<br />
<br />
While making nearly a billion dollars in the third quarter of 2009 is welcome news, the automaker still has a tough road aheard in the coming years. In recognition of this fact, Ford isn't predicting solid profitability and consistently positive operating cash flow until 2011. For all the mind-numbing details, hit the jump for the full press release from Ford.<br />
<br />
[Source: Ford]<p><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/" rel="bookmark">Continue reading <em>Ford posts $1 billion in profit, surprisingly good third quarter report</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/">Ford posts $1 billion in profit, surprisingly good third quarter report</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Mon, 02 Nov 2009 10:55:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.autoblog.com/forward/19218983/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.autoblog.com/2009/11/02/ford-posts-1-billion-in-profit-surprisingly-good-third-quarter/#comments" title="View reader comments on this entry">Comments</a>
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