Yahoo!: - Ford Motor Co. produced a profit of 100 million dollars in the first quarter
Ford Motor Co. produced a profit of 100 million dollars in the first quarter in a surprise turnaround for the struggling auto giant that has been mired in deep losses.
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Despite the surprise profit, Ford said it expected to show a loss for the full year 2008 "equal to or better" than its 2007 deficit, dragged down by continued problems in North American automotive operations.
Yes, yes, bully for them them. But one data point doesn't make for a trend. The way the business media has been handing out reacharounds today, you'd think Ford had pulled this rabbit out of their hat eight or more quarters in a row.
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