Auto News 5

Ford on Monday announced third quarter net income of US$997m, up $1.2bn from the third quarter of 2008, pre-tax operating profit up $3.9bn to $1.1bn - its first pre-tax operating profit since the first quarter of 2008 - and an operating profit of $357m at its North America operations, the first quarter in the black since Q1 2005. It has also revised its full-year 2011 guidance for total company and North American automotive operations from "break even or better" to "solidly profitable", pre-tax. Full story...