Ford Motor Co. is scheduled to report its financial results for the second quarter Thursday, and company insiders say that -- while it is still operating at a loss -- they will demonstrate that the Dearborn automaker remains on track to meet its stated goal of returning to profitability by the end of 2011.
General Motors, on the other hand, is forecasting profits as early as 1st or 2nd quarter of 2010. This suggests that GM may actually be a profitable company for more than a year before Ford. If everything unfolds similarly to these projections, this could be very good for the ailing public perception of GM. By being the only profitable domestic automaker, they will be showing the public that the company truly is a new company that is ready to lead the auto industry as it did many years ago.
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