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Ford Reports Quarterly Net Profit Of $2.3 Billion

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Ford Reports Quarterly Net Profit Of $2.3 Billion

Business

Ford Reports Quarterly Net Profit Of $2.3 Billion

Ford Reports Quarterly Net Profit Of $2.3 Billion

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  • <iframe src="https://www.npr.org/player/embed/106916978/106916968" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Ford Motors says it made $2.3 billion in net profit in the last quarter, and CEO Alan Mullaly says the company is on track to break even in 2011.

LINDA WERTHEIMER, host:

NPR business news starts with good news from a carmaker.

(Soundbite of music)

WERTHEIMER: And that news comes from an American carmaker, the Ford Motor Company. Ford says it made 2.3 billion dollars in net profit in the last quarter. Most of the profit came from one time financial transactions, not an explosion in car sales. If you don't count the financial gains, Ford posted an operating loss of more than 600 million dollars, but still, that was better than many analysts had expected. And Ford's CEO, Alan Mulally, says the company is on track to break even in 2011.

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