Tuesday, November 3, 2009
Ford’s in the Black with $1B Profit; But for How Long? Washington Post & PBS Ask Dean Lataif
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Lou Lataif |
For reportage about Ford’s recently reported $1 billion profit, the Washington Post and PBS's NewsHour sought insight from Louis E. Lataif, Allen Questrom Professor and Dean of the Boston University School of Management.
Listen in to the November 3, 2009, NewsHour segment “Auto Industry Turnaround?” with Boston University School of Management Dean Lou Lataif.
The Washington Post reports,
Ford, the only major American automaker to avert bankruptcy and spurn a government bailout, signaled its growing strength Monday, posting a third-quarter profit of about $1 billion and lifting hopes that the US industry can recover. ...Yet Ford's recovery remains fragile....
"As long as demand is this low, it's hard for anybody to make money in the automobile business," said Louis E. Lataif, a former Ford executive who is now head of the School of Management at Boston University.
Indeed, the general economic uncertainty has clouded Ford's view of the immediate future. …"We're just not sure, mainly about the strength of the recovery," Ford's chief executive, Alan R. Mulally, said on the conference call with analysts.
From the article “Ford zooms back into the black,” by Peter Whoriskey, Washington Post, November 3, 2009.
