Ford Success Story is Worth Highlighting….

Feb. 3, 2011 - PRLog -- Andover, Massachusetts February 3rd, 2011 –  In what has to be considered one of the quickest and most successful business turnarounds ever, Ford Motor last week announced its highest annual income in more than a decade. Ford was the only Detroit Automaker that declined government assistance when the economy turned south over the last few years. Instead, it borrowed heavily by putting its factories, equipment, and even its Trademarked Blue Oval up for collateral. The result, a dramatic turnaround for a company that just a few years ago was running multi billion dollar loses annually.

While the Ford stock took a hit on the announcement that income would not meet the lofty investor expectations, the share price has still gained over 40% during the last 12 months as a result of a strong lineup of new and improved cars as well as the positive publicity it has received for being the only big domestic automaker to survive without a federal bailout.

As a direct result of these record earnings, unionized autoworkers at Ford plants in the US are all due to receive a profit sharing check of close to $5,000, a great bonus for a struggling workforce that has endured mass layoffs and severe wage and benefit cuts over the past decade. As a whole, analysts and the company expect 2011 to be even better than 2010 as the car lineup for Ford remains extremely competitive and its major rivals deal with government bailout backlash or lackluster quality which led to massive recalls for the 2nd largest automaker in the world, Toyota.

Readers, have the government bailouts of the other Detroit Automakers caused you to not consider them when you purchase a new car in the future? Are you more willing to consider a Ford because of their American heritage and ability to survive the recession without taxpayer funding?

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Contact:
Stephan Tavernini
Marketing Coordinator
Certified IAPDA Debt Arbitrator
Preferred Financial Services
stavernini@pfs1.net

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Preferred Financial Services is the leading voice in the debt settlement industry. PFS has worked with hundreds of creditors to help negotiate realistic goals for those drowning credit card debt.