Ford surprises with $100 million profit in 1st quarter

FoMoCo surprised the industry and Wall Street today with the announcement of a $100 million profit for the first quarter of 2008, an improvement of $382 million from a year ago. The profit was due to strong European and South American sales which helped offeset the impact of sluggish U.S. sales.

Ford’s first quarter pre-tax operating profit, excluding special items, was $736 million, up $669 million from a year ago. On an after-tax basis, Ford’s first quarter operating profit from continuing operations, was $525 million, compared with a loss of $172 million in the same period a year ago.

Ford posted strong profits of $739 million in Ford Europe and $257 million in Ford South America. Ford North America improved by nearly...
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silver1 - 4/24/2008 12:17:08 PM

+1 Boost

Wow!!!...I'm shock...Must be the Fusion or the Edge or both...

silver1 - 4/24/2008 1:40:03 PM

+1 Boost

How did I forget, you are correct....thats how they did it...

rocker - 4/24/2008 4:20:37 PM

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Either that or they have not handed out the executive bonuses yet. Does Matt Millen and the Detroit Lions get paid out of Ford funds?

Spectator - 4/24/2008 4:32:58 PM

-1 Boost

Boss...

You know I could call that statment a conspiricy theorists rant...however to have a profit turn around in the US market of over 600million in one year and to say that you went from -282 million to a +100million difference in 1st quarter sales says to me that you must have released an entire new line up that was a huge success...which they didn't.

These numbers paint a picture of a company with one hell of a positive spin. I have the distict feeling that the 3rd quarter numbers will be drastically different from this. And for the reason you stated.

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Agent63 - 4/24/2008 6:07:30 PM

+1 Boost

Must be the news months ago that Ford was reportedly in talk with TaTa motors to say Ta Ta to Jaguar and Range Rover. Those two brands are too expensive to maintain. As well those brands are too premium for Ford to be as a parent company.

S4cabriofoxone - 4/26/2008 10:40:48 PM

+1 Boost

How are they "too premium?" Toyota owns Lexus, Nissan owns Infiniti, Volkswagen owns Audi and Honda owns Acura, so why can't Ford own Jaguar or Land Rover?