Jump to content
Sign in to follow this  

Motor Authority: Ford posts $424 million second quarter loss

Recommended Posts


Ford today reported a pre-tax operating loss of $424 million in the second quarter of 2009 (excluding special items), a $609 million improvement compared with the second quarter of last year. The gains made during the quarter were the result of cost reductions, net pricing, positive Ford Credit results improved and market share, all of which helped offset the continued impact of the global financial crisis. Including a $2.8 billion gain related to debt-reduction actions, however, sees Ford earning a net income of $2.3 billion, or $0.69 per share.

Read more

View the full article

Share this post

Link to post
Share on other sites

Hopefully 3rd quarter should be good as well.

Methinks with the Focus and Fiesta getting here things will be good for them if the cost of fuel goes up...which it will.

Chris :scratchchin:

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets