This will take you to the main site where there is history, technical information and other information on these cars.
This takes you back to the main page of the forums.
This is the control panel to change your password, information and preferences on this message board.
Click here if your lost your password or need to register on this message board. You must be a registered user to post. Registration is free.
Search this board for information you need.
Click here to buy cool Squarebirds mechandise.
Click here to support For $20 annually receive 20mBytes webspace, a Squarebirds e-mail address and member's icon on the message board.
Old 04-27-2012, 11:13 AM
RSS Robot's Avatar
RSS Robot RSS Robot is offline
The Source
Join Date: Jan 29 2007
Posts: 5,585
RSS Robot is on a distinguished road
Post Ford books $1.4B, profits dragged down by Europe and Asia

Filed under: China, Europe, Ford, Earnings/Financials

What a difference a few years make. Back in 2009, Ford Motor Company's North American operations were dragging down its earnings. The company reported a net loss of $1.4 billion in that year's first quarter when market share in the U.S. was falling but rising overseas. The situation today, however, is the mirror opposite.

Today Ford reported a first-quarter net income for 2012 of $1.4 billion on the strength of sales in the States. While that's a 180-degree turnaround compared to the same quarter in 2009, it's still a decline in earnings compared to the $2.6 billion earned just last year. This time, however, the blame for the fall lies with Ford's operations in Europe and Asia.

In Europe, Ford reported an operating loss this quarter of $149 million, blaming the continent's shrinking markets and weaker demand for parts and accessories. The company's Asian operations reported an operating loss of $95 million, which can be attributed more to investments in new plants for increased production than shrinking sales. Ford attributes the rest of its losses during the first quarter to higher tax expenses and special charges.

Fortunately, Ford's North American operations were able to offset most of the company's losses elsewhere. The region reported a pre-tax operating profit of $2.1 billion, up from $1.8 billion last year and the highest quarterly profit here since 2000. Revenue in this region alone was $18.6 billion, up $700 million from the same quarter last year and the largest chunk of the automaker's global quarterly revenue of $32.4 billion, which was down $700 million.Continue reading Ford books $1.4B, profits dragged down by Europe and Asia
Ford books $1.4B, profits dragged down by Europe and Asia originally appeared on Autoblog on Fri, 27 Apr 2012 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Reply With Quote
Old 04-27-2012, 02:03 PM
simplyconnected's Avatar
simplyconnected simplyconnected is offline
Slow Typist
Join Date: May 26 2009
Posts: 7,281
simplyconnected is on a distinguished road

Didn't we JUST read where Ford is doubling their capacity in China??? So... which is it?

These investors aren't stupid. They are poised for the future.
My latest project:
CLICK HERE to see my custom hydraulic roller 390 FE build.

"We've got to pause and ask ourselves: How much clean air do we need?"
--Lee Iacocca
Reply With Quote
Old 04-28-2012, 12:15 AM
Jimz Bird Jimz Bird is offline
Join Date: Feb 3 2011
Posts: 375
Jimz Bird is on a distinguished road

It may not have made much difference but we had a TON of Fords in Iraq. Others also but lots of Fords. Mostly PU and SUV types.

With the draw down in Iraq that no doubt hurt some.
Jimz Greenie with a White Hat and Brown Guts (ZE-XG)

CLICK HERE for Jimz web site
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -4. The time now is 04:08 AM.

Driving, racing or working on cars can be hazardous. The procedures and advice on this website including the message board are opinion only. and its webmasters and contributors do not guarantee the correctness of the advice and procedures. The and its webmasters assume no liability for any damage, fines, punishment, injury or death resulting from following these procedures or advice. If you do not have the skills or tools to repair your car, please consult a professional. By using this site you agree to hold harmless the, its authors and its webmasters from any resulting claim and costs that may occur from using the information found on this site.

Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Any submissions to this site and any post on this site becomes property of . The webmasters reserve the right to edit and modify any submissions to this site. All material on this is site is copyrighted by the Reproduction by any means other than for personal use is strictly prohibited. Permission to use material on this site can be obtained by contacting the webmasters. Copyright 2002-2016 by