US:Profits down 19% at Ford - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป 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 07-19-2005, 06:32   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Profits down 19% at Ford

Profits down 19% at Ford

Automaker's core North American operations swing to $907M 2nd-quarter loss.

By Eric Mayne / The Detroit News

Ford Motor Co., hurt by a wide loss in its core North American automotive business, posted a 19 percent drop in second-quarter profits. Net income dropped to $946 million, down from $1.2 billion a year ago, Ford reported today.

Revenues rose to $44.5 billion from $42.9 billion during the period.

In North America, Ford reported a pre-tax loss of $907 million, a swing of $1.4 billion from profits of $476 million in the same period in 2004. The automaker blamed the earnings decline on higher costs, production cuts and lower sales, which totaled $19.9 billion - $568 million less than a year ago.

The results in North America dragged down Ford's worldwide automotive operations, which recorded a pre-tax loss of $245 million - down from 2004's $97-million second-quarter profit.

"Despite profitability in most regions, our global automotive results were disappointing, reflecting the fiercely competitive environment in which we continue to operate," Ford Chairman and Chief Executive Officer Bill Ford said.

Ford has redoubled efforts to reduce costs in North America, including another round of salaried job cuts.
__________________
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


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 01:24.



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.