Great New for the D. Ford Profits Soar

[dmike76]

It's definitely a fight and not glitter and soapbubbles. We agree on that.

[dmike76]

Well put, Baseline. Symbiosis.

[hortonz]

This might be off-topic but I'd like to know what accounting methods Ford used when it calculated its' profits. Did they use standard accounting procedures or mark-to-market accounting? Did they include future revenue projections in their profits or change how they calculated depreciation? How about non-automotive revenue streams?

[iheartthed]

I'm happy for Ford but I long for the day when Metro Detroit's prosperity isn't so closely tied to this single industry.

[Patrick]

I'm happy for Ford but I long for the day when Metro Detroit's prosperity isn't so closely tied to this single industry.

Good luck with seeing that while you are still alive.

[iheartthed]

Good luck with seeing that while you are still alive.

I know. But then again I'm sure people in Pittsburgh once thought that about steel...

[mikefmich]

I know. But then again I'm sure people in Pittsburgh once thought that about steel...

And that is a good point I've thought about often. The leaders of Detroit have failed miserably getting themselves away from near complete reliance on the auto industry.

[ThisIsForTheHeart]

I don't see how this is great news. History repeats its self. Doom and gloom is ahead in 5-10 years like always unless the metro area makes the auto industry only account for less than 15% of the metro economy.

[Jimaz]

And that is a good point I've thought about often. The leaders of Detroit have failed miserably getting themselves away from near complete reliance on the auto industry.

At 2:50 in GM's Detroit Renaissance Center HQ, the narrator says "... but only 13% of Detroit's workforce is employed by the auto makers." This was filmed in the 1970s.

Was that 13% figure correct? It kind of surprised me.

[East Detroit]

Great news for Ford and Ford employees.

Here's to hoping lots of Michigan products and services are purchased with the profit sharing checks [[from white collar and blue collar) and everyone wins a little bit.