Surprise! Cost cutting boosts Ford's profits to almost $1bn in 2nd quarter

Rock on ford, we try to drive all ford products. The only company that didn't take cash from the government...

GM took money from the government and now a CAR company is being run by people who aren't even fit to run the COUNTRY! I guess they need to pick one. The one that doesn't affect us all drastically.

Take your factory laborer that has devoted themselves to working for Ford in a mind numbing production line environment for 20 or 30 years or more to feed his or her family.

Then allow companies to raid pension and healthcare benefits that were EARNED and PROMISED during that working period. Prop up the CEO Senior Execs and the board of directors with bonuses and golden parachutes...

Reward the workers for past profitable performance with loss of pension benefits and healthcare. Let the average worker in America eat friggen dog food because an army of lawyers and politicians have stolen their pensions. It never ends. I had hoped for better...

So they CUT costs instead of wild out of control spending and they made money. What a concept.......Anyone in DC listening??????

WOW - All done without the help from PREZBO's bailout.

See? If you make your prices competitive. You won't go out of business.

Funny how that works.

Well with some many lay offs, they were obligated to make some profit!

Yeah, pretty much writing of the US market is working out real good for them. Congratz.

You know, I would have a lot of money if I "laid-off" my kids.

Let Ford run our Federal Government for a year. They can layoff the dead-weight politicians and take away their healthcare and pensions. Eliminate the deficit....boy this makes more sense than ever.

American citizens would finally get separation of Corporate and State!

"The earnings came despite an $800 million revenue drop. But Ford said it cut costs by $1 billion during the quarter, accomplished through layoffs in North America and Europe, reduced pension and retiree health care costs and improvements in productivity and product development."

notice the phrases " layoffs in North America and Europe, reduced pension and retiree health care costs"

know anyone who used to work at Ford? ah well, tough shit for you, eh?

Maybe this recession was just what the auto industry needed to make long overdue changes to their cost structure.

@bansheewail -- thanks for posting this. I'm featuring it on the homepage, and also working on a blog post that will include it. I made a slight adjustment to the title to include the cost cutting angle of the original source. Take a look.

mario
online community

reference: http://blogs.current.com/currentdotcom/2009/10/30/featuring-on-current-what-do-w...

Good news!!! All you "cash for clunkers" haters CAN SUCK IT!