Ford Motor Co. (F) is no doubt this morning's story. The automaker, the only one of the Big Three American car manufacturers that didn't take a direct government bailout and stayed out of bankruptcy protection, reported a surprising $1 billion profit Monday morning. Ford reported net income of $997 million, or 29 cents per share. On an adjusted basis, Ford reported a quarterly pretax profit of $1.1 billion, or 26 cents a share, compared with a year-earlier loss of $3 billion or $1.32. This handily beat analyst estimates ranging from 12 to 20 cents loss per share. Ford still faces obstacles in its turnaround, but so far proved to be able to weather the storm and, in fact raised its own forecast from a break-even or better 2011 to "solidly profitable" 2011. Shares of Ford shot up over 8 percent in pre-market trading.