The New York Times has the unexpectedly positive financial news from Ford:
The Ford Motor Company on Monday posted a surprise third-quarter profit of $997 million and said it had its first profitable quarter in North America in more than four years.
The carmaker also said it increased its cash reserves by $2.8 billion during the quarter, ending September with $23.8 billion.
For all of 2009, Ford, the only Detroit automaker to avoid bankruptcy this year, has had a profit of more than $1.8 billion. It reported $834 million of income in the first half of the year.
