Ford grabs bigger share of the U.S. auto market - WDRB 41 Louisville News

Ford grabs bigger share of the U.S. auto market

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Ford Motor Company is grabbing a bigger share of the U.S. auto market.  Its third-quarter net income rose 68 percent.

It's Ford's sixth straight quarterly profit and the company's best third-quarter performance since at least 1990.

Ford CEO Alan Mulally said popular new cars, such as the Ford Fiesta subcompact and Ford Edge wagon, helped the company make money.

Four years ago, Ford mortgaged its factories and other assets to fund a huge restructuring.

The Kentucky Truck Plant employs 3,847 people and the Louisville Assembly Plant employs 1,550.

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