Ford posts a quarterly profit
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Ford posts a quarterly profit
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Lisa Napoli: Thanks to strong sales in Europe and South America, and employee buyouts, Ford Motor Company has posted a quarterly profit — a net income of $100 million. Jill Barshay reports in an age of rising gas prices, it’s not easy selling cars.
Jill Barshay: Ford has the same problem as GM and Chrysler. Its lineup is filled with pick-up trucks and SUVs, but Americans want smaller, fuel-efficient cars. David Healy of Burnham Securities says the 35-mile-per-gallon Ford Focus is selling out of showrooms. But at 15-grand a pop, he says Ford isn’t making money on it.
David Healy: Their most profitable models are selling poorly, and their least profitable or even unprofitable models are selling very well.
Healy says switching to alternative energy cars isn’t as easy as it sounds.
Healy: Ford is coming out with more hybrids and is talking very green at this point. But hydrogen or fuel cells are a long, long way away. So, Ford is going to have to make it on gasoline or diesel vehicles.
In New York, I’m Jill Barshay for Marketplace.
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