|
Ford posts PROFIT
So it's brotheren file for bankruptcy and they pull in a $2.8bil profit.
Is this a good sign of things at ford or is it simply result of nobody wanting to buy from the other 2 companies that were filing bankrupt? |
Maybe a little of both. Some other companies have started making a profit the last quarter but it is to early to tell if it is going to continue.
Ron |
OK now on the radio this morning they said Ford posted a loss of $4M even though their market share gained overall by 2%.
|
Joe,
They don't figure profit like we do.If they made $10 million profit last year in this quarter and $ 6 million this year, they would say they lost $4 million. Same as Exon reporting those huge losses even though they actually made several millions profit, it was down from the same quarter the year before. Edit: Joe here is a link that will sort of explain what Ford is doing. http://www.reuters.com/article/busin...e=businessNews Ron |
I get it now. Easier to make the public feel for you when you make billions if you report a loss.
|
They also like to figure in as much expense as possible along with some "creative" numbers that make you wonder.
:D :D |
Quote:
|
Doug,
That is so true, but with less and less competition, I think we will see a gradual turn around of those that have survived. It won't be quick and painless, but I believe that by the end of this year we may be able to say that we are on the road to recovery. Ron :) |
Not to worry.If Ford sales start to run rampant,Obama will just enact price fixing to"level the field".
|
Quote:
|
If you put out a good product at a good price...good things happen.
Subaru Comes Out On Top In 2008 AutoNews In a time where even Toyota is reported their first operational loss in seven decades, Subaru is reporting that they will be coming out on top in 2008 as far as sales numbers go. Subaru's executive VP Tom Doll has announced that sales in 2008 were up 1.2%, which is a huge achievement when compared to the slump the majority of other automakers are in. Doll is reported that these figures were achieved without any discounts or drastic measures to try to lure in new customers, and his belief is that Subaru customers are "better financially heeled than other car customers." Definitely a bold statement to make, but one that seems well deserved given their year-end numbers. [Source: TMR] |
| All times are GMT -7. The time now is 11:07 PM. |
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link: