Of course that figure is gross profit, net profit is a tidy $897 million or more than twice the profit in the second quarter of 2003. All this money rolls in despite a loss in worldwide auto sales. How does a car company make money when it's losing on actual car sales? Credit baby. Ford Credit (who I still owe a few payments to) is raking it in and saving the company lots of dough. That's good enws since Ford is eagerly waiting on the roll out of new vehicles. Bill Ford said "We'll generate lots of excitement with the introduction of new products such as the Ford Five Hundred, Freestyle and Escape Hybrid, the Land Rover Discovery/LR3 and the new Ford Focus in Europe." Ummm no mention of the Mustang?
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.