Culture

Ford, GM Profits

The ubiquity of "sport utility vehicles" - the gas-guzzlers that provide higher profit margins to manufacturers - is paying off big in Detroit. Ford reported a record take of US$2.5 billion for the second quarter. GM made $2.1 billion, despite two costly strikes.

The ubiquity of "sport utility vehicles" - the gas-guzzlers that provide higher profit margins to manufacturers - is paying off big in Detroit. Ford reported a record take of US$2.5 billion for the second quarter. GM made $2.1 billion, despite two costly strikes.