DETROIT --- Cost cuts and an increased market value has resulted in Ford Motor Company posting a one-point-three-billion-dollar profit in the third quarter.
It was the automaker's first profit since the second quarter of 2007 and its first quarterly profit in North America since the first quarter of 2005.
The profit announcement caused Ford stock to rise nearly six-percent in pre-market trading on Wall Street.
Company officials say they expect Ford to be "solidly profitable" by 2011.
The company posted losses totalling 30-billion dollars from 2006 through last year.
Ford is the only major U.S. automaker not to file for bankruptcy.

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