Automaker Company Survived, Now Reaping Profits!

But today, the Ford Motor Company has reported to have been reaping profits to the tune of $2.6 billion from April through June this year, which is the fifth of the series of quarterly profit streams that they have been earning. Even though the U.S. economy is struggling to come up with a better resolve to survive, the company is surviving through expensive market rewards while attracting also customers from other competing companies that are struggling to survive the menace of the financial crash.

Ford is now predicting that by the end of 2011, the company will be have more money than debt. This success story again marked the company that did not take the opportunity of availing the government bailout money. According to Alan Mulally, Ford President and CEO, the company has been leading where it should be in its survival streak. It's now enjoying sales of the most popular pickup truck and crossover SUV, the F-Series and the Escape, respectively. And it's only this year's performance that keep track an ongoing endeavor with confidence to move forward, he added.

Last year, Ford Motor Company gained ground of the bigger share in the U.S. car market to register sales of 154,000 cars and trucks, while Toyota, Chrysler and General motors have lost all their grounds.

It was reported that General Motors and Chrysler are on unstable financial positions drawing away prospective buyers of their cars in the market; while Toyota also suffered setbacks due to the reported safety recalls of their cars.

The success story of the Ford Motor Company can be attributed to the skillful managerial skills displayed by Mulally among its own workforce, said Michael Robinet, analyst for IHS Automotive consulting firm. But the biggest credit should be on its complete overhaul in the factories and its sales strategic motivations.

Mullaly joined the Ford Motor Company in October 1986. It was a year of disputes and unsustaining environment that most of the time called for cutting jobs, dropping some models of its products, and closing plants.

But with Mulally holding the rein of leadership, he was able to get rid of the barriers that stockpiled in the company by putting in place new managers and obligate its dissenting part to unify and work together.

He devised a printed card distributed to each of the individual employees that exhorts them to work in unison as well as encouraged everyone in accelerating the development of new products. He even carried the same card in his pocket.

During weekly meetings with department heads, he is fitting people to be accountable while applauding those that earned successes.