Ford’s surprise profit

In a turnaround story for a troubled industry, Ford Motor Company posted a surprising 3rd quarter profit of nearly $1 billion, though it has still lost some $1.3 billion for the year.  School of Management Dean Lou Lataif, a former top Ford executive, says adversity has built character in the current generation of Ford’s leaders.

ford“While Ford still has an enormous debt burden which must be paid down, the management team is proving that predictions of the demise of ‘Detroit’ and of American manufacturing are at least premature if not dead wrong.”

Contact Lou Lataif, 617-353-2668, lelataif@bu.edu

One Comment

university posted on November 6, 2009 at 3:51 pm

good news that Ford had profit in the crisis. I am happy for them!

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