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Old 26-07-2007, 10:41 PM   #1
Dr Smith
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Default Ford US posts better then expected PROFIT!
Ford Motor Co has posted a surprising second-quarter profit of $US750 million ($A849.52 million), its first black ink since the second quarter of 2005.

http://www.theage.com.au/news/Busine...339167888.html and http://www.bloomberg.com/apps/news?p...VM0&refer=home

Last edited by Dr Smith; 26-07-2007 at 10:48 PM.
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Old 26-07-2007, 10:43 PM   #2
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Hopefully the first of many to come, well done Ford Management looks like your doing what you have to do to survive and it's starting to pay off.
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Old 26-07-2007, 10:54 PM   #3
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Well done to Ford US.

Hopefully this can propel Ford further and knock those fridges-on-wheels (Toyota) from any sort of prominence.
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Old 26-07-2007, 10:57 PM   #4
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Finally, some good news from Ford.

Hopfully going Ford, is the going thing!
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Old 27-07-2007, 12:47 AM   #5
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Back from the brink of annihilation. Glad thats over with. till next month. lol.
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Old 27-07-2007, 12:48 AM   #6
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this included the sale of Aston? I will wait till next quarter figures thanks
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Old 27-07-2007, 12:55 AM   #7
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Originally Posted by ClevlndStemer
this included the sale of Aston? I will wait till next quarter figures thanks
If thats true. WTF sort of good news is this. next month will be business as usual minus a few sales.
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Old 27-07-2007, 07:28 AM   #8
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FoA would hope this type of profit is comin our way! : Well done Ford!
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Old 27-07-2007, 12:10 PM   #9
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Quote:
Originally Posted by ClevlndStemer
this included the sale of Aston? I will wait till next quarter figures thanks
Not sure about Aston, but it does include a 30% drop in staffing.
But it did allow FMC to weather the large drop in world economies today.
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Old 27-07-2007, 01:32 PM   #10
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What was GM and Toyotas profit?

Remember there was a famous courtcase where Henry Ford didn't want to pay dividends to shareholders he would rather invest the money back into the cars?
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Old 27-07-2007, 01:33 PM   #11
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Congratulations FoMoCo, You are exactly where you were 10 years ago
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Old 29-07-2007, 09:40 PM   #12
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has the world turned upside down?
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Old 29-07-2007, 09:53 PM   #13
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Quote:
Originally Posted by Jayden
If thats true. WTF sort of good news is this. next month will be business as usual minus a few sales.
A$206 million for the Aston Sale ...... still leaves a very healthy profit from the $840 odd million



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Old 30-07-2007, 09:54 PM   #14
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Ford surprises with $US750m Q2 profit
July 26, 2007 - 9:24PM

http://www.smh.com.au/news/Business/...339167888.html

Ford Motor Co has posted a surprising second-quarter profit of $US750 million ($A849.52 million), its first black ink since the second quarter of 2005.

The profit of 31 cents per share compares with a net loss of $US317 million ($A359.06 million), or 17 cents per share, in the same quarter of last year.

The company attributed the gains to significant year-over-year improvement in all of its automotive operations, as well as cost cuts due to restructuring and positive special items that totalled $US443 million ($A501.7 million). That includes a $US206 million ($A233.3 million) gain related to sale of its Aston Martin unit.

Ford's performance surprised Wall Street. Fifteen analysts polled by Thomson Financial expected the company to lose 35 cents per share excluding special items.

*******

Therefore, about US$307 million profit on actual sales. This is great news! Hopefully, a regular profit along with CONTINUED ACTION will follow.
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Old 04-08-2007, 11:56 AM   #15
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AWsome!
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Old 04-08-2007, 05:11 PM   #16
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Nice, meanwhile all off shore manufacturers will continue to hump the aussie market into submission.... The future looks great.
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