Ford Motor Company has a bright future. Ford was able to make a profit without taking any bailout money! GM and Chrysler took bailout money and was controlled by the government this goes to show you that the free-market is a lot more efficient. There are several things why Ford was able to make money.
1st Ford focused on making more different kinds of cars instead of relying on the truck. Sure they still have 33 year award winning F-Series(1) but they reintroduce the Ford Fiesta and made it more attractive and it has really good gas millage the the Automatic has 38mpg(2).
2nd Ford also took a look at the Financials of its business. They decided to strengthen its balance sheet. They started to pay off debts. They converted $2.56 billion of debt into shares(3). "Over the last year, Ford has paid off roughly $12.8 (billion) on a mountain of debt..."(3).
Ford Motor Company overall is doing better and better as the months go by. I hope that the CEO Alan Mulally would turn it into years of success!
(1) Page 7 on Ford Motor Company 2009 Annual Report
(2) Ford Fiesta
(3) Ford Debt Drops Again, Why you should care-CNBC
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