Flandry
Well-Known Member
- Joined
- August 27, 2007
- Messages
- 570
- Reaction score
- 1
- City, State
- Birmingham, AL
- Year, Model & Trim Level
- 1993 Sport
Sun Wire Services
DEARBORN, Mich.--Ford Motor Co. surprised Wall Street yesterday with a first-quarter profit of $100 million US as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales. The No. 2 U.S.-based automaker also said its latest round of early retirement and buyout offers axed 4,200 hourly workers, fewer than targeted.
It was the company's first profitable quarter since the second quarter of 2007, when it earned $750 million. Ford reported a full-year loss of $2.7 billion last year.
Bloomberg Story
DEARBORN, Mich.--Ford Motor Co. surprised Wall Street yesterday with a first-quarter profit of $100 million US as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales. The No. 2 U.S.-based automaker also said its latest round of early retirement and buyout offers axed 4,200 hourly workers, fewer than targeted.
It was the company's first profitable quarter since the second quarter of 2007, when it earned $750 million. Ford reported a full-year loss of $2.7 billion last year.
Bloomberg Story