Cars
Losing money is never a good thing, but in Ford Motor Company's case, the $1.4 billion first quarter net loss was positive news as it was lower than analysts had anticipated and more importantly, significantly improved over the fourth quarter of 2008 when the automaker posted a $5.9 billion net loss. On an after-tax basis, Ford's first quarter operating loss, excluding special items, was $1.8 billion, compared with a profit of $477 million a year ago. Unlike Chrysler and General Motors, Ford continues its restructuring plan without a government aid.
- Ford’s Third Quarter 2010 Net Income Climbs To $1.7 Billion, Says It Has Enough Cash To Reduce Debts
Remember those dark times in Detroit? Well, we have come a long way since then as Ford Motor Company reported today a record third quarter net income of $1.7 billion. This is a $690 million improvement over the third quarter of 2009, fueled mostly by...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...
Cars
Ford Posts 'Only' $1.4 Billion Net Loss in Q1 2009, Significantly Lower than Q4 2008
Losing money is never a good thing, but in Ford Motor Company's case, the $1.4 billion first quarter net loss was positive news as it was lower than analysts had anticipated and more importantly, significantly improved over the fourth quarter of 2008 when the automaker posted a $5.9 billion net loss. On an after-tax basis, Ford's first quarter operating loss, excluding special items, was $1.8 billion, compared with a profit of $477 million a year ago. Unlike Chrysler and General Motors, Ford continues its restructuring plan without a government aid."Our results in the first quarter reflected the extremely difficult business environment and weak demand for autos around the world," said Ford President and CEO Alan Mulally in a statement issued by the company. "Despite the challenges, Ford made strong progress on our transformation plan by gaining share with strong new products, slowing operating-related cash outflows, reducing outstanding debt, lowering our structural costs and reaching new agreements with the UAW."
The company also said that based on current planning assumptions, "it remains on track to meet or beat its financial targets, including the target for its overall and North American Automotive pre-tax results to be breakeven or better in 2011, excluding special items."
- Ford’s Third Quarter 2010 Net Income Climbs To $1.7 Billion, Says It Has Enough Cash To Reduce Debts
Remember those dark times in Detroit? Well, we have come a long way since then as Ford Motor Company reported today a record third quarter net income of $1.7 billion. This is a $690 million improvement over the third quarter of 2009, fueled mostly by...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Ford Reports $2.7 Billion Operating Loss In Q3, Burns $7.7 Billion In Cash, Announces Job Cuts
It can't get any worse for Ford Motor Company - or can it? The American automaker today announced a third quarter net loss of $129 million which is actually smaller than the same period a year ago when FoMoCo lost $390 million. However, the company...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...