Blue Oval Staff Posted November 14, 2006 Share Posted November 14, 2006 Ford Chief Financial Officer Don Leclair said on Tuesday the automaker should have a "thin sliver" of profit in its North American unit in 2009. Source Link. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted November 14, 2006 Share Posted November 14, 2006 So they are planning on losing money till then? Ugh Quote Link to comment Share on other sites More sharing options...
fordforever96 Posted November 14, 2006 Share Posted November 14, 2006 So they are planning on losing money till then? Ugh :boring: where have you been!? They have restructuring costs to deal with for the next 2 years, on top of normal operating expenses. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted November 14, 2006 Share Posted November 14, 2006 Most of the restructuring costs have already been assessed. However, Ford is going to have capacity issues throughout 2007 and 2008 (when Norfolk and TCAP close), and Ford is not going to be taking its last employee buyouts until Sept 1 next year, so there will be excess personnel costs through much of 2007. Further, Ford may not have taken all of its buyout charges at once, as some early retirees will be drawing 75% of their pay until their 30th year--this means that some employees will be getting 75% pay for two years, and Ford may not have set aside cash in the 3rd quarter for these employees. Quote Link to comment Share on other sites More sharing options...
fordforever96 Posted November 14, 2006 Share Posted November 14, 2006 Hence why i said they have restructuring costs to deal with... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.