Podcasts & RSS Feeds
Most Active Stories
- Don't like the water shut-offs in Detroit? Now you can pay someone's overdue water bill
- Approaching construction on the highway? Experts say the "zipper merge" can help
- These three female candidates could be some of the most interesting leaders in Michigan
- Those who want to outlaw publications over sexually explicit ads should study Constitution first
- This ballot proposal is critical to Michigan's economy, but most people won't bother to vote on it
Thu April 25, 2013
Ford Motor Company announced record profits
Ford released it's first quarter report with record pre-tax profits of $2.4 billion in North America.
"Ford has a product portfolio that's clicking on all cylinders, pun intended," said Daniel Howes.
Howes is the Detroit News business columnist and spoke with Michigan Radio's Cynthia Canty about Ford's future.
"It's nothing but a good news story and I think they're moving into a period of growth now. [Ford] is building five new plants in China and two in India."
But the Detroit auto company isn't only looking to expand overseas. Howes noted that Ford also has plans to expand its reach within the United States, too.
"That hasn't been the story of Detroit car companies for thirty years."
Two models that have been doing exceptionally well in the US market are the Ford Fusion and the Escape compact SUV.
But despite positive numbers in the U.S., Ford's market in Europe and South America are another story. What does Ford need to do to repeat its success abroad?
Listen to the full audio by clicking the link above.