Ford Motor Co. (NYSE: F) a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents.
F reported second quarter 2010 net income of $2.6 billion, or 61 cents per share, a $338 million improvement from second quarter 2009, as each of its major business operations around the world recorded improved profits.
Excluding special items, Ford reported a pre-tax operating profit of $2.9 billion, or 68 cents per share, an improvement of $3.5 billion from a year ago and a $932 million improvement from the prior quarter, and the company’s best quarterly performance since the first quarter of 2004. Ford has posted an Automotive and total company pre-tax operating profit for four consecutive quarters.
Ford North America posted a second quarter pre-tax operating profit of $1.9 billion, a $2.8 billion improvement from second quarter 2009.
“We delivered a very strong second quarter and first half of 2010 and are ahead of where we thought we would be despite the still-challenging business conditions,”
For more information about this company please visit http://www.ford.com
South Shore Resources Inc. (SSHO.PK) is a company engaged in the development of products which are committed to the reduction of harmful greenhouse gases and fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive industries which are either in development and/or the commercialization stages.
SSHO reported that it has conducted independent third party evaluation, testing and verification of the HyProStar Series of Hydrogen Generating Modules. The objective of the evaluation and test was to evaluate, test and verify the impact that the HyProStar Series of Hydrogen Generating Modules has on fuel economy and fuel efficiency. DaSilva Racing of Pickering, Ontario was utilized for third party evaluation, testing and verification purposes. A 2002 Volkswagen Cabrio was run for 15 minutes each at 80 KPH / 50 MPH on a stationary Dyno Jet for both Without the Unit and With the HyProStar Unit installed. The MPG Testing was conducted and recorded using a ScanGuageII by Linear Logic LLC for both Without the Unit and With the HyProStar Unit installed.
Test Results Are Summarized Below:
2002 Volkswagen Cabrio: Mileage Test
Without Unit: 47 MPG
With Unit: 55 MPG
There was a 17.02% increase in MPG.
There was a 14.55% fuel savings.
The results of the evaluation and testing indicated and verified by Mr. Joe DaSilva (of DaSilva Racing) are that the HyProStar Series of Hydrogen Generating Modules have increased in fuel economy and fuel efficiency.
SSHO recently reported filing for international patent rights of its technology HyProStar Hydrogen Hybrid Kit. The filing for patent protection was assisted by Patent and Trademark Agents, Sim & Mcburney, the International Patent Application, was filed under the World International Property Organization and Patent Cooperation Treaty. (To read the complete article, CLICK HERE)
The HyProStar Hydrogen Hybrid Kit uses a little electricity from your car or truck battery to extract hydrogen from water. The hydrogen mixes with oxygen via the intake manifold and acts as a combustion enhancement for a better, more complete burn of fuel; which results in lower emissions, greatly improved mileage and more power for your vehicle.
In April 2010, the Transportation Department and Environmental Protection Agency reached a peaceful end to a bitter legal battle with the automobile industry on how to deal with the dangerous gas emitted from automobiles, wherein a series of new fuel efficiency standards were adopted to regulate tailpipe emissions.
SSHO is now poised to commercialize its HyProStar Hydrogen Generator Hybrid Conversion Kit and bring it to the global market. With over 750 million automobiles currently using combustible engines world wide and the increased pressure to reduce greenhouse gases
The imposed standard is the first in a series of steps outlined by President Obama on May, 21st, 2010. According to directives of President Obama GHG regulations are to be developed for heavy duty engines and vehicles as well as for light duty vehicle engines.
According to the regulation greenhouse emissions vehicles have to be reduced by 40 percent in the coming years.
South Shore believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases.
For more information about this company please visit http://www.southshoreresourcesinc.com
Harley-Davidson, Inc. (NYSE: HOG) produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services.
HOG reported second-quarter 2010 income from continuing operations of $139.3 million, or $0.59 per share, compared to income of $33.4 million and earnings per share of $0.14 from continuing operations in the year-ago quarter. Second-quarter 2010 results include operating income from Financial Services of $60.8 million. Revenue from Motorcycles and Related Products was $1.14 billion in the second quarter.
For the first six months of 2010, Harley-Davidson income from continuing operations was $208.0 million, or $0.89 per share, a 28.9 percent increase from the year-ago period.
“Harley-Davidson is making steady progress at executing its strategy to deliver results through focus,” said Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc. “We are seeing the benefits of our restructuring and continuous improvement activities reflected in our earnings performance.
Revenue from HOG motorcycles during second quarter of 2010 of $831.6 million was up 2.8% compared to the year-ago period. In line with guidance, the Company shipped 59,046 HOG motorcycles to dealers and distributors worldwide during the quarter, compared to shipments of 58,179 motorcycles in the second quarter of 2009.
For more information about this company please visit http://www.harley-
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