Ford turns a corner

Ford turned in a quarterly profit Thursday, its first in over a year. And if Ford CEO Alan Mulally felt like taking a victory lap, he'd get a standing ovation.

Mulally is cashing in on a big bet he made a few months ago when he veered away from a government bailout. The auto industry was in crisis, the money was there, and rivals General Motors and Chrysler didn't think twice about grabbing a federal lifeline.

But Mulally said "No, thanks" and it's made a world of difference. At least in terms of public perception.

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- Posted: 2009-07-23 15:28:40

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