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Ford Posts Nice Profit
#1
Meanwhile,Government Motors saw a 22% decline in revenue last quarter. If I ever buy a big 3 again,it will be a Ford.



HERE
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#2
I was glad to see it, but it's not as rosy for Ford as this may seem....

Quote:Excluding special items, such as debt reduction, Ford would have lost $424 million in the second quarter. In comparison, the company lost $8.7 billion in the second quarter of 2008, the worst performance year in Ford's history.

This is from the article. Outside of one-time moves they lost money still. Way way less than before, but still. And they have a tougher road ahead of them as they didn't get to shed debt in court like GM and Chrysler, they are doing it the hard way. And I admire them for it. I have always been a Ford guy, but this kinda cements it for me.
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#3
Didn't they sell Jaguar and Landrover recently, and got also rid of their Mazda share? Should have flushed some cash in.
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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#4
Palladin Wrote:Meanwhile,Government Motors saw a 22% decline in revenue last quarter. If I ever buy a big 3 again,it will be a Ford.



HERE
Just bought a 2009 Lincoln Navigator to replace my 1999 Nav.
Got one GM Car. Old 99 Jimmy. Going to trade it on an Merc Mariner.
A patriot must always be ready to defend his country against his government
Edward Abbey
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#5
Biker Dude Wrote:I was glad to see it, but it's not as rosy for Ford as this may seem....

Quote:Excluding special items, such as debt reduction, Ford would have lost $424 million in the second quarter. In comparison, the company lost $8.7 billion in the second quarter of 2008, the worst performance year in Ford's history.

This is from the article. Outside of one-time moves they lost money still. Way way less than before, but still. And they have a tougher road ahead of them as they didn't get to shed debt in court like GM and Chrysler, they are doing it the hard way. And I admire them for it. I have always been a Ford guy, but this kinda cements it for me.
They are standing on their own. All I got to know.
A patriot must always be ready to defend his country against his government
Edward Abbey
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#6
I think Ford did sell a couple of Euro brands for cash flow purposes. I hope 4 years from now they have a top of the line,plug in hybrid or something better. I am in the market about then.
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#7
Ford did a lot of things right to help them through this. Unloading Jag and Rover helped. They started on debt reduction in something like 2006 also. And their European operations are a huge help. They also started a while ago on building cars world wide on the same platform. A car may cosmetically look different, but the mechanics will be the same. Simplifies supply chain issues, makes it cheaper to build cars etc...

And yes, they are goin it alone. And I agree I admire that.
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