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Old 11-13-2003, 00:10   #1 (permalink)
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U.S.A.:Ford sees improved profits in 2004

Automotive News
Reuters / November 12, 2003

DETROIT -- Ford Motor Co. CFO Don Leclair said Wednesday that the company was projecting improved profitability in 2004, both overall and in its automotive unit.

Leclair made the comments in a conference call to discuss Standard & Poor's decision to lower the company's credit rating to one notch above junk. He said Ford would provide more details in January.

Ford expects to earn between 95 cents and $1.05 a share for all of 2003, and have break-even profits in its automotive business.

Leclair also said Ford's European operations would post a "small profit" in the fourth quarter of 2003 excluding restructuring charges.

Ford had previously projected break-even results in Europe, where it has told of some $650 million in restructuring.
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