AFSCME 3357-HOF'S BLOG

Ford Reports $1.2 Billion Quarterly Profit

Last year, Bill Ford changed the strategy of the company to maximizing profits as opposed to maximizing market share. To a certain extent, it seems to be working, with profits up significantly. As with GM, a disproportionate share of Ford's profits come from the finance arm. In this case about 3/4 of the profits came from financing operations.

Another interesting note is that Ford wrote down $120 million of its investment in Ballard Power Systems, a much-ballyhooed fuel cell developer. I wonder what's up with that.


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