Ford Stock Price Today: Shares Surging

Ford have had some good news, they have now made their first profit in four years resulting in surging share prices. Ford has seen an increase in their stock price thanks to major cost cutting, the major factor being from job cuts.

According to The Guardian, Ford made $357m in the U.S. between July and September, the automaker also showed a worldwide profit of $446m in the same period. This is the first recorded profit for 2008, a sign that things are now moving in the right direction.

This is a good sign for the auto sector and will hopefully follow with profits from General Motors and Chrysler, but they have a tougher battle on their hands. Ford is the only carmaker from the big three that did not ask for a government bailout.

Ford is now expecting to become “solidly profitable” in 2011, this is something that they would not have said this time last year.