Ford Reports Quarterly Net Profit Of $2.3 Billion
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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.