USA: Ford reports record revenues and earnings for 2000
Ford Motor Company earned $US5.4 billion from continuing operations in 2000 on record revenues and volume as it made significant progress moving toward a consumer-focused organisation, the company said in a statement. However, the profit on automotive operations fell from $US4.99 billion to $US3.62 billion on revenues up $US6 billion and European operations lost $US1.13 billion compared with a profit of $US50 million in 1999. The figure includes a number of one-off charges, including a $US1 billion charge for "asset impairment and restructuring". However, last quarter results showed a profit of $US33 million, compared with a year-ago loss of $US30 million.
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