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(Image from article: "Ford reports surprise $1B profit")

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Ford reports surprise $1B profit

Ford reports surprise $1B profit

Automaker says earnings were fueled by cost cuts and Cash for Clunkers rebates.

 

U.S. August auto sales boom but clunker hangover looms

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

 

As Cash for Clunkers Starts, Car Dealers Hope to Clear Their Lots

Facing a glut of unsold 2009 inventory, automakers and car dealers hope the government incentive can help them reduce supply before 2010 models arrive.

 

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