Monday, November 2, 2009
FORD Posts $1 Billion Dollar Profits
The only major motor company in America that wasn't bailed out by Obama has just posted $1 Billion dollars in profit in the third quarter.
Whatever is goin on at Ford Motor Co. should be looked at by the White House and copied to a "T."
This probably won't last for long though. As the above article states,
Last week, workers overwhelmingly rejected an agreement with the United Auto Workers that would have brought Ford's labor costs in line with rivals General Motors Corp. and Chrysler LLC. Workers objected to clauses limiting their right to strike and freezing entry-level wages, and felt the company was healthy enough and didn't need further concessions.
Obamas got the the unions working on Ford from the inside.