Ford posts PROFIT

fsstnotch · #1 (**permalink**) 07-23-2009, 06:13 AM

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?

Ron61 · #2 (**permalink**) 07-23-2009, 06:48 AM

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

Got the Bug · #3 (**permalink**) 07-23-2009, 11:46 AM

Quote:

Originally Posted by Ron61

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

I think we're seeing things stabilize a bit, so that's a good sign. The profit picture is improving for a lot of companies, but the worrisome trend is that companies are reporting lower revenues. That probably means that a good chunk of the profits that most companies are reporting are coming from cost cutting. You can only save your way to profitability for so long.

Ron61 · #4 (**permalink**) 07-23-2009, 12:34 PM

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

Joe Wicked · #5 (**permalink**) 07-23-2009, 06:59 AM

OK now on the radio this morning they said Ford posted a loss of $4M even though their market share gained overall by 2%.

Ron61 · #6 (**permalink**) 07-23-2009, 07:07 AM

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

Joe Wicked · #7 (**permalink**) 07-23-2009, 07:31 AM

I get it now. Easier to make the public feel for you when you make billions if you report a loss.

trularin · #8 (**permalink**) 07-23-2009, 09:22 AM

They also like to figure in as much expense as possible along with some "creative" numbers that make you wonder.

Cobrabill · #9 (**permalink**) 07-23-2009, 05:14 PM

Not to worry.If Ford sales start to run rampant,Obama will just enact price fixing to"level the field".

fsstnotch · #10 (**permalink**) 07-24-2009, 12:42 AM

Quote:

Originally Posted by Cobrabill

Not to worry.If Ford sales start to run rampant,Obama will just enact price fixing to"level the field".

Special taxes for businesses posting profits

392cobra · #11 (**permalink**) 07-24-2009, 07:29 AM

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]