US:Ford sees weaker profit in 2005 - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
» Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 01-25-2005, 09:17   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford sees weaker profit in 2005

Ford sees weaker profit in 2005

Reuters

DETROIT -- Ford Motor Co. on Tuesday said earnings will fall this year due to a drop in profit from its finance unit, which it expects to be hit by rising interest rates.

But the second-largest U.S. automaker said it was still on track to meet its goal of posting $7 billion in annual pretax profit by 2006.

Ford forecast a 2005 profit of between $1.75 and $1.95 per share excluding special items, or pretax profit of $5 billion to $5.7 billion.

Wall Street analysts on average expect Ford to post a profit of $1.87 per share, according to Reuters Research. Last year Ford earned $2.11 a share, or pretax profit of $5.8 billion excluding special charges.

Ford said it expects its financial services unit, which includes Ford Credit and Hertz Corp., to post a pretax profit of $3.5 billion to $3.7 billion this year, down from nearly $5 billion in 2004.

In addition to higher interest rates, the financial unit will be hurt by lower volume and a non-recurrence of loan loss reserve reductions, Ford said.

The automaker also said it intends to earn between $1.5 billion and $2 billion from its core automotive operations before taxes, up from a profit of $850 million before taxes last year.

The higher automotive earnings are based on expectations that Ford will book a profit this year from its European luxury division, the automaker said in a statement.
__________________
Stacy94PGT
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.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
US:Ford GT wins Road&Track Readers' Choice Award: The Dream Car 2005 Stacy94PGT Ford Worldwide News 0 01-22-2005 04:33
US:Ford predicting '05 profit for European operations, PAG brands Stacy94PGT Ford Worldwide News 0 11-18-2004 06:09
Jaguar Announces 2005 Model Year Line-up Stacy94PGT Jaguar 2 08-31-2004 21:05
US:Ford Unveils 2005 Mustang GT Pace Car Stacy94PGT Ford Worldwide News 13 07-24-2004 13:41
Proposed TEGA rule changes for 2005 russellw Ford Racing Across the Globe 16 06-16-2004 21:52

Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 14:43.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.