Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  

Fields: U.S. Ford revenues up in first quarter

Recommended Posts

Fields: U.S. Ford revenues up in first quarter

Bryce G. Hoffman / The Detroit News

Detroit -- Ford Americas President Mark Fields said the automaker made more money from car and truck sales in the United States in the first quarter than it did during the same period last year.

"Not only did we have balanced share growth, but year-over-year, our incentives were down and our revenue was up," he said, though he declined to provide specific figures because the company is in its quiet period.

Ford Motor Co.'s share of the U.S. market increased 2.7 percentage points in the first quarter of the year.

"The last time we had a share increase that big for a quarter was in 1977," said Fields, speaking to reporters this morning after a speech at the Automotive Industry Breakfast sponsored by Dawda Mann Counselors at Law. "I did some research. 'Saturday Night Fever' was just being launched in theaters, along with 'Close Encounters of the Third Kind.' So it's been a long time."

Fields said the automaker will provide full financial details in its upcoming earnings call, but said Ford will continue to make money.

"Our intent for this year is to be profitable in North America, profitable in automotive, and profitable as a company," he said.

Ford surprised Wall Street with a $2.7 billion profit last year after a record loss of nearly $14.7 billion in 2008.

From The Detroit News: http://www.detnews.com/article/20100413/AUTO01/4130389/1148/auto01/Fields--U.S.-Ford-revenues-up-in-first-quarter#ixzz0kzv6CIAa

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 emoji 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



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.