If you're a blue-blooded American capitalist, there's nothing better than leading your company to the top of the Fortune 500 – except for making billions of dollars in profits, that is. But thankfully those two objectives tend to go hand-in-hand, as proven by these two men.

Indeed, General Motors CEO Dan Akerson and Ford CEO Alan Mulally have plenty to smile about when looking at the 2012 Fortune 500 list, as their respective companies are pegged at fifth and ninth. While Ford's profit last year dwarfed GM's, according to the Fortune list, GM's revenue was greater than all but four other corporations: Exxon Mobil, Wal-Mart, Chevron, and ConocoPhillips.

The only other automotive firm to hit the top 100 was supplier Johnson Controls at 67, though plenty of other suppliers made the list, including Goodyear at 126 and Ford spin-off Visteon at 321.


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  • 18 Comments
      lne937s
      • 2 Years Ago
      Remember that the Fortune 500 is a list of US-based companies by annual revenue. It does not mean that the companies are profitable, just that they sell more. In 2008, when they were about to go bankrupt and were losing money hand over fist, GM was #4-- one spot higher than they are now. GM has actually lost revenue ($150B in 2012, vs $182B in 2008) and have their lowest US market share in over 90 years, but they have become a profitable viable business again. http://money.cnn.com/magazines/fortune/fortune500/2008/index.html
      Level4
      • 2 Years Ago
      hmmm this sounds fishy like how the ratings companies rated those fishy mortgage deals triple A. Just to manipulate the stock value. It's still way to early to tell...
      ragtopdodge
      • 2 Years Ago
      Ya, I'm sure the teabaggers HATE the fact that GM is successful. They wish it would go down the tubes. True patriots they are.
        clearwater
        • 2 Years Ago
        @ragtopdodge
        So Dodgeboy, you happy that your brand is now Italian?
      benjammin
      • 2 Years Ago
      Good for Ford, don't care about GM. They did well to get so high up the list, but it can't be that difficult when the government fronts your bills and you don't have to pay any taxes.
        Martin Edmonds
        • 2 Years Ago
        @benjammin
        GM has added more US jobs since then vs. Ford. But you want to ignore that fact dont you..
        hp
        • 2 Years Ago
        @benjammin
        Agreed 100%, nothing capitalistic about that.
      A. W. Lawson
      • 2 Years Ago
      Happy for Ford, screw GM...
        • 2 Years Ago
        @A. W. Lawson
        [blocked]
          Al
          • 2 Years Ago
          HA just another insecure GM fan. Buddy you got the wrong information. Ford never took money from the government. Period. All you ass hats who say so are wrong because you were trying to come up with a retort against all the ford fans who root for their company great success. Oh yea, GM payed back half those loans to the US by USING loans. So they just put themselves in more debit after they lied about paying it back fully 15 years in advance. Tell me now why ford would even have to take money in the first place? The F-Series alone are making ford INSANELY rich. Billions rich. That's just their trucks, not taking into account for their cars and SUV'. Ford came close to bankrupt back in 07. They didn't take any money because they sold all their branches fast (jaguar, land rover, aston martin, mazda) and stated progressing with new tech that pulled them far from bankruptcy. Butt-Hurt.
          Jazz
          • 2 Years Ago
          Cmicasa is the biggest douchebag on autoblogs. Banned from Motortrend, banned from autoweek, only place that allows him is that homophobic hate filled forum he now visits.
          Randy
          • 2 Years Ago
          @Cmicasa the Great Xv Just wanted to point out that any loan Ford has from the Gov was available to any company that was willing to make highly energy efficient technologies for vehicles which they did and are. Furthermore, the loans were not bailouts but investments by the US Government to reduce current and future dependency on foreign oils and finally, since you wrote "You can Kiss the American Auto Industry Goodbye" in your "opinion piece" that was (possibly) published, you were without a doubt wrong! Maybe if you do some research you could write investigative reports and not blind opinions. P.S. Union organizers created unions, not the car companies!
          Bob Smith
          • 2 Years Ago
          @Cmicasa the Great Xv doucheyness at it's purist form... Ford secured 5.9 billion in government loans. Key word there is "LOANS" for restructuring and energy efficient technology development.
        Rampant
        • 2 Years Ago
        @A. W. Lawson
        More bailout butthurt i see.
      Leet
      • 2 Years Ago
      capitalismlol
        Beloved
        • 2 Years Ago
        @Leet
        more like Communism given how whenever these companies ask for money the government has to give to keep the votes of the powerful unions
      Jason Allen
      • 2 Years Ago
      Romney will take credit for this sometime later this week. Romney is shamelessly lying constantly about the auto industry and unions and workers rights so it is the next attrocious lie for the etch-a-sketch liar. This good news is due to president Obama more than any other player. Romney's ideas would have killed the north american auto industry but 'cons' and simple media idiots don't call him on it. It's the same as when you 'cons' here said you don't support the big oil tax subsidies but you still can't help but support 'cons' who demand it. Come over to the good side of the force and help shape democratic mindsets, dems are the only people willing to compromise in todays politics. It's the same for log cabin morons, uh, repubs. Help dems see the light of/with fiscal sanity and stop trying to get approval from people who hate you. You poor and middle-class people are hated and used by the leaders of the gop to gain themselves even more power. When will romney take credit for these profits, 2 days or today?
      paul3230
      • 2 Years Ago
      Congrats to Ford and GM!
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