Ford Turns A Profit, Reaping Rewards Of Turnaround

DEE-ANN DURBIN

DEARBORN, Mich. (AP) — One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years.

Emerging from a three-year makeover with popular cars and trucks, Ford said Monday it earned nearly $1 billion in the third quarter and will be solidly profitable by 2011, a more optimistic forecast than earlier.

While heavy debt and lean times for American car shoppers threaten the comeback, the report puts Ford in a far better position than General Motors or Chrysler, which are still finding their bearings after emerging from bankruptcy.

Ford's cars are winning popular and critical acclaim, like the Fusion midsize sedan and more gas-efficient Focus compact. And years of painful cost-cutting, which have halved its work force, have looked prophetic since the recession struck, hurting demand.

Even in North America, the company's biggest market, Ford turned a profit after losing money there for four years.

GM and Chrysler, meanwhile, are still trying to cut jobs and win back customers, many of whom are steering toward their healthier rival.