Join Date: Feb 2001
Location: The Hills of North Georgia,USA
U.S.A.:Ford sees improved profits in 2004
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.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....