Ford on Monday announced third quarter net income of US$997m, up $1.2bn from the third quarter of 2008, pre-tax operating profit up $3.9bn to $1.1bn – its first pre-tax operating profit since the first quarter of 2008 – and an operating profit of $357m at its North America operations, the first quarter in the black since Q1 2005. It has also revised its full-year 2011 guidance for total company and North American automotive operations from "break even or better" to "solidly profitable", pre-tax. |
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GOLDING’S TAKE: If you see success, give it a good kicking - Article (3rd November 2009) There was an elephant in the room during broadcast of Ford’s third quarter results this week (November 2). Clearly it was an old one and much travelled. For many of the Ford high-ups ignoring it, the temptation was probably to imagine it was one of Hannibal’s 37 which were part of that triumphal march across the Alps a few years ago. US: Great Ford Q3 overshadowed by union 'no' to more US concessions - Article (2nd November 2009) Ford's excellent Q3 results announcement on Monday has been overshadowed somewhat by mixed union reactions in North American to proposed concessions it has said it needs to stay competitive. US: Ford could export US vehicles - Mulally - Article (2nd November 2009) A combination of flexible manufacturing plants, global vehicles and a weak US dollar could see Ford exporting US-made vehicles, chief executive Alan Mulally has said. Ford's UAW dissidents - Blog (30th October 2009) There was more good news for Ford on the product quality front in the US this week from Consumer Reports which confirms the s... THE EDITOR'S Q&A: Ford's Alan Mulally [full version] - Article (28th October 2009) Unlike the other two firms comprising the Detroit 'Big 3', Ford Motor Company has managed to avoid filing for Chapter 11 in the worst recession to hit the US auto industry in decades. The firm is moving closer to sustainable profitability at much lower volume. Many say that Ford CEO and President Alan Mulally can take considerable credit for that. Big corporate turnarounds aren't easy, but as he tells Dave Leggett, the important thing is to have a vision and act decisively. THE EDITOR'S Q&A: Ford's Alan Mulally [summary version] - Article (28th October 2009) Unlike the other two firms comprising the Detroit 'Big 3', Ford Motor Company has managed to avoid filing for Chapter 11 in the worst recession to hit the US auto industry in decades. The firm is moving closer to sustainable profitability at much lower volume. Many say that Ford CEO and President Alan Mulally can take considerable credit for that. Big corporate turnarounds aren't easy, but as he tells Dave Leggett, the important thing is to have a vision and act decisively. US: Six Ford plants nix UAW concessions - Article (28th October 2009) Ford worker opposition to concessions agreed by the United Auto Workers appears to be growing. CANADA: Ford wants more labour cost cuts - Article (28th October 2009) Ford has told the Canadian Auto Workers that labour costs must come down if the union wants a share of future investment, which the automaker intends to channel to wherever it gets "the biggest bang for its buck," the head of the CAW has said. US: Ford top for reliability but Chrysler falters - Article (28th October 2009) Ford is the only Detroit automaker with world-class reliability, according to Consumer Reports' 2009 annual car reliability survey. US: Ford confirms Geely as preferred bidder for Volvo Cars - Article (28th October 2009) Ford announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation. EXCLUSIVE: Ford's Mulally confirms 2011 profitability goal - Article (22nd October 2009) Ford President and CEO Alan Mulally has told just-auto that he still expects to see Ford return to profitability in 2011. |
