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Thread: Ford has best first quarter in 13 years with $2.6-billion profit

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    Ford has best first quarter in 13 years with $2.6-billion profit

    Ford profit: Ford reports earnings of $2.6 billion in first quarter - latimes.com

    Brisk sales and higher prices helped Ford Motor Co. to one of its best first-quarter profits in years. Ford said Tuesday it earned $2.6 billion, or 61 cents a share, in the first quarter of the year, compared with a profit of $2.1 billion, or 50 cents a share, during the same quarter a year earlier.

    It was the automaker's best first quarter since 1998.

    Revenue rose to $33.1 billion from $28.1 billion. In morning trading, Ford shares were up 48 cents, or 3%, to $16.02.

    "Our team delivered a great quarter, with solid growth and improvements in all regions," said Alan Mulally, Ford's chief executive.
    Good for them.
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    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    what ?? they made money with those damn unions there? how the hell did that happen?

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    I've been noticing a trend the past few weeks. It seems like almost every company has been posting good earnings in the first quarter. I am so glad I got in the stock market when I did! I hope the trend continues.

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Quote Originally Posted by drz-400 View Post
    I am so glad I got in the stock market when I did!
    Let's hope it stays that way, many analysts are expecting a correction.

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Quote Originally Posted by randel View Post
    what ?? they made money with those damn unions there? how the hell did that happen?
    Well, because the union agreed to sweeping cost cuts back in 2009. Now that the company is making money again, the union wants back in. Good quarter. Fun while it lasted I guess:
    Now that Ford is back in the black, the United Auto Workers union wants to recover the perks it gave up over the past few years as the auto giant teetered on the brink of bankruptcy.

    Rhetoric is flaring ahead of negotiations this summer for the UAW's next four-year contract. More than 1,000 delegates from the union are meeting in Detroit this week to strategize for those negotiations.

    The talks will encompass labor agreements with the Big Three automakers, but Ford's impressive profits may make the company a target for union representatives looking for a bigger share of the wealth. Union members also have more leverage with Ford, since Ford workers did not agree to the no-strike clause approved by employees at General Motors and Chrysler.

    Bill Johnson, who represents workers at a Ford plant in Wayne, Mich., told the Detroit Free Press that if Ford does not restore "everything" to the union, "the membership is going to knock it down."
    UAW Says Ford Workers Ratified Concessions - WSJ.com

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Wow, you mean unions are willing to sacrifice for the good of the company but expect that the company will return the favor once things are rolling again?

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Quote Originally Posted by randel View Post
    what ?? they made money with those damn unions there? how the hell did that happen?
    That's $2.6B that should go into Obama's account.
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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Quote Originally Posted by randel View Post
    what ?? they made money with those damn unions there? how the hell did that happen?
    They were forced to do it or become fish food by union thugs carrying out their own agenda of selifshness and greed in the name of the International Communist Movement.
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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Which means they are ripping off all their customers.

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    Re: Ford has best first quarter in 13 years with $2.6-billion profit

    Quote Originally Posted by sazerac View Post
    Which means they are ripping off all their customers.
    It's rare that a business that tries to rip off all of its customers all the time would be able to post these kinds of profits Except only under extreme circumstances people don't buy **** if they don't think they're getting a fair deal.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

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