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Ford’s third-quarter profit drops amid Europe losses

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 profitable quarter, with net income of $1.63 billion, compared with $1.65 billion a year earlier. Ford CEO Alan Mulally […]

Ford to revamp its five-year business plan

Ford to revamp its five-year business plan

Ford Motor Corp., the second-largest U.S. automaker is revamping its internal five-year business plan to take into account the marked deterioration in the European economy, Bob Shanks, Ford CFO said. ‘We have to develop a better plan in response to what’s going to be a much less favorable external environment,’ […]

Ford posts $1.4 billion profit in Q1 down 46%

Ford posts $1.4 billion profit in Q1 down 46%

Ford Motor Co. on Friday said first-quarter profit fell less than analysts had estimated as overseas losses ate into growing income from North America. The US based automaker reported net income of $1.4 billion, 45 percent less than the $2.55 billion it earned in the same period of 2011. Revenue […]

Ford posts $14.4B profit in 4Q, Misses Estimates

Ford posts $14.4B profit in 4Q, Misses Estimates

Ford Motor Co., the Dearborn, Mich., carmaker, reported a lower-than-expected fourth-quarter profit on Friday due to higher commodity costs and losses in its automotive operations in Europe and Asia. Ford earned $13.62 billion in the fourth quarter, or $3.40 per share, largely due to a decision to move deferred tax […]

Thai floods damaged Ford’s 2011 profits

Thai floods damaged Ford’s 2011 profits

Ford Motor Company said floods in Thailand prevented its Asia Pacific and Africa sales region from making profit in 2011. Ford had set the goal to be profitable in all its global business units. “The impact of the Thai floods is a bit bigger than we anticipated. We guided in […]

Ford brings back dividend after 5-year break

Ford brings back dividend after 5-year break

Ford Motor Company has announced it is bringing back its regular divident after a five-year pause. The company said it will pay a quarterly divident payment of 5 cents a share on its common stock and Class B shares. The first dividend will be paid on March 1 2012. Ford […]

Ford Posts Third Quarter 2010 Net Income of $1.7 Billion

Ford Posts Third Quarter 2010 Net Income of $1.7 Billion

Ford  today reported third quarter net income of $1.7 billion, or 43 cents per share, a $690 million improvement from third quarter 2009, as strong products, momentum in North America. Excluding special items, Ford reported a pre-tax operating profit of $2.1 billion, or 48 cents per share, an improvement of […]