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...that crisis, GM and Chrysler had received a total of $64 billion, while Ford got nothing - though like other automakers, it is receiving federal aid to develop green technologies. (Read "Ford Family Values: Why the Automaker Wants to Go It Alone...
...nine months later, Ford appears to be well along on the road to recovery and in many ways is in a stronger position than its longtime rival GM. While Ford's senior executives say the company won't reach sustained profitability until 2011, the company surprised analysts by posting net income of $2.3 billion in the second quarter and followed that with healthy sales increases in July and August thanks to an assist from the federal cash-for-clunkers program. For its next sales boost, Ford is counting on a marketing blitz, which will be well in evidence...
...heavy debt is a healthy stock price, which Ford increasingly enjoys. The stock is up from about a buck last November to a recent price of $7.30 per share, and in May, Ford was able to raise $1.6 billion through a common-stock offering of 345 million shares. GM, by contrast, is hoping to do an IPO next year. (Read "Despite Losses, Ford Still Spurns Federal...
...wages, work rules and retiree health-care elements in its agreement with the United Auto Workers (UAW), as well as some reduction in debt, the maintenance of a sizable liquidity position and a more competitive product portfolio. (Ford obtained concessions on wages identical to those the UAW approved at GM and Chrysler, though Ford is now negotiating for additional work-rule changes and a no-strike clause...
...feel very good about that," the Ford chairman added. "There are always competitive issues, but I like the fact that we are the master of our own destiny, and I like the fact that our products are getting rave reviews. I wouldn't trade places with either [GM or Chrysler]." (Read "A Brief History of the Model...