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Browse Bob Shanks articles

Ford expecting $2 billion loss in Europe this year


Ford Motor Company forecasts a $2 billion loss in Europe this year, as the recession in the region may cause even lower auto sales than last year. Ford said on Tuesday that 2013 loss would be worse than the $1.75 billion deficit in 2012 as its sales outlook is deteriorating in Europe. The U.S. automaker is closing plants and cutting costs. However, ...
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More Bob Shanks articles

Ford doubles dividend to 10 cents a share amid record profit margins
Ford doubled its quarterly dividend to 10 cents a share after record profit margins boosted its cash reserves. The second-largest U.S. automaker announced its first-quarter dividend will be payable March 1 ...
Ford’s third-quarter profit drops amid Europe losses
Ford Motor Company announced its third-quarter profit slipped 1.1 percent, as its North America unit achieved record earnings that offset higher taxes and losses in Europe. Ford reported its 14th consecutive ...
Ford’s chief financial officer: “I have zero interest to become CEO”
Bob Shanks, the actual vice president and chief financial officer said it has zero aspirations to become CEO of Ford Motor Corp when Mulally retires from the top job. "I have ...

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