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Article: Problems loom as Ford posts $1 billion profit.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 3, 2009
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Byline: William Ehart, THE WASHINGTON TIMES
Ford Motor Co. reported a third-quarter profit of nearly $1 billion Monday, a testament to the automaker's shrewd financial and product moves in recent years, but analysts worry the company could become a victim of its own success.
The same day, the United Auto Workers union (UAW) announced that Ford workers rejected a new contract pushed by union leaders, at least in part because its members felt that Ford was so healthy they didn't have to make further concessions.
Ford reported net income of $997 million, or 29 cents per share, in the quarter, compared with loss of $161 million, or 7 cents, a year ...