Ford's reporting a net income of $997 million, or 29 cents per share this quarter, an improvement of $1.2 billion from third quarter, 2008. So what? They're still in the operating red by $1.3 billion this year. Analysis below.
Ford has posted a $2.3 billion profit in the second quarter, beating expectations. This includes a $3.4 billion gain from debt-restructuring and they continue to lose cash but it's rare good news from Detroit. [WSJ]