Ford Gets to Compete With This!

The Treasury Department plans to inject almost $6 billion into the new GMAC. The capital infusion will be in exchange for preferred stock. But regardless of your position on government intervention, it cannot be argued that it puts Ford - who has yet to accept any government handouts - at a severe disadvantage.

Nevertheless, the lone Detroit hold out announced today they made in excess of $1 billion in profit in the most recent quarter buoyed largely by strong sales in China.