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Ford Motor Q2 Profit Drops 8% to $2.4 Billion on $4.2 Billion Revenue Increase. Ford Credit, all Regions Except N.A. Decline
Ford’s second quarter net income was affected by so called “unfavorable special items” of $272 million – $177 million more than a year ago. The special items include personnel reduction actions as Ford continues to retrench. The closing of Mercury and other dealer-related actions in North America, as well as pension settlements in Belgium also negatively affected the results. Continue reading
Ford May Sales Flat in U.S. as Retail Sales Rise 5%
Ford Motor Company sales in May were 192,102, the same as one year ago as the economy stalled. Retail sales were up 5% and fleet sales were down 8%. Year-to-date, total Ford Motor sales were 878,600, up 12%. Continue reading
Posted in auto news, economy, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ford may results, ford results, Ken Zino, results, sales results, u.s. sales
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Ford Reports 2010 Full Year Net Income of $6.6 Billion
Ford Motor Company (NYSE: F) today reported 2010 full year net income of $6.6 billion, or $1.66 per share, an increase of $3.8 billion, or 80 cents per share, from 2009. Continue reading
Ford Motor Company U.S. Vehicle Sales Up 19% in 2010
Ford Motor Company full-year sales in the U.S. totaled 1.935 million, up 19% compared to a year ago, the largest in any year since 1984. Ford claimed it was the largest increase of any full-line manufacturer last year. When Toyota … Continue reading
Posted in auto news, economy, results, sales
Tagged 2010 results, auto informed, auto news, auto sales results, autoinformed.com, automotive news, ford results, Ken Zino, results, u.s. sales results, us sales, zino
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