Quality Weenie

Ford Reports A Profit

FORD REPORTS A NET PROFIT OF $750 MILLION FOR SECOND QUARTER 2007

Revenue of $44 billion, 6 percent above second quarter 2006.

Net income of $750 million, or 31 cents per share, for the second quarter of 2007.

Profit of $258 million, or 13 cents per share, from continuing operations excluding special items.

Significant year-over-year improvement for all Automotive operations.
Ford Motor Credit pre-tax profit of $112 million.

Cost reductions of $600 million; $1.1 billion through the first half of 2007.

Automotive gross cash at June 30, 2007 of $37.4 billion (including cash and cash equivalents, net marketable securities, loaned securities and short-term Voluntary Employee Benefits Association (VEBA) assets).

Ford Motor Company [NYSE: F] today reported a net profit of 31 cents per share, or $750 million, for the second quarter of 2007. This compares with a net loss of 17 cents per share, or $317 million, in the second quarter of 2006.

Probably won't help with the contract negotiations they are in the middle of.