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Seems not taking the government money is a good thing.
Ford Motor Co. said today it earned a profit of $2.3 billion during the three months ending June 30, surprising Wall Street, which had expected a loss. “While the business environment remained extremely challenging around the world, we made significant progress on our transformation plan,” Ford President and CEO Alan Mulally said in a statement. During the second quarter, Ford posted a profit of 69 cents per share on revenue of $27.2 billion.
Ford Motor Co. said today it earned a profit of $2.3 billion during the three months ending June 30, surprising Wall Street, which had expected a loss. “While the business environment remained extremely challenging around the world, we made significant progress on our transformation plan,” Ford President and CEO Alan Mulally said in a statement. During the second quarter, Ford posted a profit of 69 cents per share on revenue of $27.2 billion.