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Rep. Miller Statement on Ford Motor Company's Financial Status
WASHINGTON – U.S. Representative Candice Miller (MI-10) today commended Ford Motor Company on their second quarter profits. Miller said:
“Today’s announcement by Ford Motor Company that they beat analysts’ expectations in the second quarter by posting a profit of $1.23 billion is more proof that our domestic auto industry is firing on all cylinders. This great news marked the 16th consecutive quarter in which Ford has posted rising profits.
“Ford also announced more good news that they expect profits to continue to rise higher than earlier predicted and their annual profit could top last year’s $8 billion profit. This great news comes on top of an announcement by Ford that they were increasing hiring of new engineers, software workers and other white collar employees creating 3,000 new jobs.
“Those who were ready to write off our domestic auto industry were dead wrong and the developments at Ford are clear proof of that fact. Ford Chairman Bill Ford, Jr., CEO Alan Mulally and the entire Ford Team should be proud of everything they have accomplished in sustaining and building that great company and for all they do to give back to our community.”