Ford CFO Don Leclair said on Wednesday that the company was projecting improved profitability in 2004, both overall and in its automotive unit, Reuters reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The news agency said Leclair made the comments in a conference call to discuss Standard & Poor’s decision to lower the company’s credit rating to one notch above junk and added that Ford would provide more details in January.


According to Reuters, Ford expects to earn between 95 cents and $1.05 a share for all of 2003, and have break-even profits in its automotive business.


Leclair also reportedly said Ford’s European operations would post a “small profit” in the fourth quarter of 2003 excluding restructuring charges.
Reuters noted that Ford had previously projected break-even results in Europe, where it has told of some $US650 million in restructuring.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact