Ford Posts 6th Quarter of Profit in a Row

A surge in third-quarter profit is the best evidence yet that the Ford Motor Company has moved into a period of sustained growth — further distinguishing itself from rivals despite a weak economy and slack overall demand.

Ford said Tuesday that it earned a better-than-expected $1.7 billion in the quarter, and was gaining market share at the same time that it took steps to further shrink its debt. It was the automaker’s sixth consecutive profitable quarter, and its best third-quarter performance in more than 20 years.

Industry analysts said Ford was benefiting from the introduction of new models and broad improvements to its vehicle lineup. As the only American automaker to survive the recession without needing government bailouts, Ford has also avoided the tumult of bankruptcy still playing out at General Motors and Chrysler.

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- Posted: 2010-10-26 22:48:38

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