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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Central Q..10kms west of Rocky...
Posts: 8,307
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Ford expects $US570m international op loss
From: AAP June 29, 2012 8:17AM Ford Motor Company says its losses on international operations could hit $US570 million ($A567.25 million) in the quarter ending this week, but would not be enough to offset profits from domestic sales. IN a filing with the Securities and Exchange Commission, the number-two US automaker said it expects second-quarter pre-tax operating profits, excluding special items, "to be substantially lower than the same period a year ago". "We continue to expect good results for Ford North America and Ford Credit during the second quarter, but our operations outside of North America are under increasing pressure," the statement said. "In fact, our combined results for the second quarter for Ford South America, Ford Europe, and Ford Asia Pacific Africa could be a loss of about three times as much as the $US190 million pre-tax loss incurred by these operations in the first quarter." In South America, the company said, it was running into greater competition and pricing challenges as well as weakening currencies. Europe's turn into recession has hit sales there, biting into its margins, Ford said. "We are impacted by the serious economic crisis, compounded by an intensifying competitive environment as manufacturers react to lower consumer demand and excess production capacity." In its Asia Pacific Africa division operations are better, but Ford said it was "not yet fully realising the associated revenue of new products and facilities". "While our volume is up in the region, our investment and growth costs are rising faster for now." "For the full year, we continue to expect to be solidly profitable," it added. http://www.couriermail.com.au/news/b...-1226411769923 My comment "what does that mean ? Ford Oz is doing ok ?
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CSGhia |
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#2 | ||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Melb.
Posts: 4,442
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The APA division covers South Africa, Asia (China, India, Thailand, is there more?) and Australia so I don't think we can be more specific about individual units.
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#3 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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tuff times ahead everywhere.
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#4 | |||
Pity the fool
Join Date: Jan 2007
Location: Wait Awhile
Posts: 8,997
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Quote:
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Fords I own or have owned: 1970 XW Falcon GT replica ![]() Proud to buy Australian and support Ford Australia through thick and thin |
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#5 | ||
Banned
Join Date: Dec 2007
Posts: 3,290
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and Europe not having two euros to rub together
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#6 | |||
Performance moderator
![]() Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Quote:
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Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
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#7 | ||
Straight Eight
Join Date: Mar 2011
Location: Western Australia
Posts: 2,049
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That's operating losses from three market regions. Which is bearable for Ford. Ford spent more than that on adding Transit to the F-150 plant with plant upgrades.
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The Falcon is dead. Long live the Mighty Falcon. |
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#8 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
Its interesting how Ford US is the only division making money, not suprising considering One Ford basically is all set up to benefit them while leaving the others to cop whatever they are given ie. no exporting to the US, and rather than having other divisions export to them they would rather build it themselves. One Ford (but only if it suits the US) I also don't get why Ford is so supply limited with vehicles out of Europe, when they are not selling much over there, especially not being able to get any diesel Kugas, yet they apparently have excess capacity. |
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#9 | |||
Banned
Join Date: Jun 2011
Location: Planet Earth
Posts: 665
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Quote:
How about some for AUS> :-) |
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#10 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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BossXr8 i think the your on the money with the Ford US putting it`s own plants first, you can`t really blame them i suppose, imo half the problem is that are just too many car makers, i can see a point in the future ......it maybe decades off or sooner, but still i see a lot of the car makers being absorbed or shutting up and only a couple of major players being left pumping out bland electronic eco boxes,
powered by whatever power source is the least costly and available at the time as living standards go further downwards, but i could be wrong ![]() |
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#11 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
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#12 | ||
Regular Member
Join Date: Dec 2011
Posts: 116
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Didn't ford aus take an approx 200mil hit this fy on purpose? Also isn't shutting the Philipines plant part of that loss too? By my simple calcs, that makes for about 200+190 of the 590 losses? Or am I way off here?
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Fords I've owned: SZ Territory Titanium - Feb 2012 build, tint, spats, mats, SVI LPG XF Falcon petrol/gas |
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