Ford reports a nearly $1 billion profit

Ford Motor Company reported a surprising profit to its investors, almost $1 billion dollars, coming from a boost in auto sales from the government cash for clunkers program, and its success from restructuring. It was overly surprising because financial forecasters were predicting a loss of hundreds of millions for this time. This was a very needed profit coming after a $161 million dollar loss. This profit comes as a surprise, showing that the company may be turning the corner in spite of a economy still in a downturn. Their sales are up 5% from a year earlier, translating in more profit, and better revenue and cash flow.

http://money.cnn.com/2009/11/02/news/companies/ford_results/index.htm?postversion=2009110211

I am glad to hear that companies like Ford Motor Company are making come-backs. This is something our economy desperately needs to become stable again. The fact that their sales are up %5 from a year ago, shows that Americans are finally feeling more optimistic with their financial situation, so they feel they can afford a new vehicle, a big investment for both. I think this shows we are finally on our way back out of a horrid recession, and that the cash for clunkers program worked better than many believed it would.