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The Pub For General Automotive Related Talk |
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#1 | |||
Regular Member
Join Date: Oct 2007
Location: Brisbane
Posts: 70
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#2 | ||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,271
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Hey guys here is the official Ford announcement with all facts and figures ....LINK
In 2010 Ford made $6.6 billion profit globally and reduced its debt by $14.5 billion. Their cash at hand is now $20.5 billion which exceeds net debt by $1.4 billion. Another year like 2010 and Ford will be debt free, this year is looking to be even bigger. ![]() |
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#3 | ||
PX3 WildTrak & RTV
Join Date: Jun 2007
Location: Central Coast Sydney
Posts: 1,931
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Great news. the new ranger will be big business globally
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[COLOR=Red]I really am Falcon Crazy[/COLOR NextGen Ranger Wildtrak with loads of goodies Sold PX3 Ranger Wildtrak 2.0Ltr UHF, Long Range Tank, Bullbar, Snorkel - 104,000km BA Falcon RTV - Project Ute 265,000km Sold PXII Ranger XLT Cool White. 105,000 Sold PX Ranger XLT in cool white, 151,700km on clock. Sold FGII XR6T Ute LTD Edition in Kinetic. Sold FG XR6 Ute Sold BA Falcon RTV. 251,300km.Was a great mate for last 7 years Sold AUII XLS Ute Sold '85 XF & Crashed 84 XF |
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#4 | |||
Chasing a FORD project!
Join Date: Jul 2008
Location: adelaide
Posts: 5,114
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Excellent news from ford.
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1996 BMW 740iL V8. TV, phone, leather, sunroof, satnav, all as standard. Now with 19" TSW Brooklands, 2 1/2" stainless steel exhaust, plus more coming soon. |
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#5 | ||
Compulsive Hobbiest
Join Date: May 2006
Location: Ohio, USA
Posts: 1,032
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I watched the MAYHEM on the Ford message board in the Yahoo Financial section. You would have thought the world ended! Guys were screaming "sell, sell, sell!!!!" like Ford was going out of business. They wondered how Mulally could be such a sham and they knew he wasn't for real. How could this happen to Ford!!!
Holy cow. Ford could have posted a "pretty" 4th Quarter to make the analysts on Wall Street happy, but instead they decided to put their company in a better position. They paid off more debt, over $7 billion in the 4th quarter. This will save Ford $1 billion in interest payments next year, got Ford having more cash in hand than debt for the first time since 2008, and paid off $14 billion in debt in 2010 alone! And they keep complaining about when GM is going to pay back THEIR government loan! Ford is paying back their private bank loans ON THEIR OWN and Wall Street spanks them for it. Go figure. Personally, I am very happy that Ford chose to put that money towards their debt rather than just post a pretty profit and not have their books doing as well. Mulally is a frigging genius and isn't letting outside expectations affect his decision making. They are dead set on fixing the balance sheet and getting Ford back to a top lending and investment grade. US sales netted a loss in 2009 in the hundreds of millions. In 2010 Ford netted over $5 billion in profit. Let's see any other car manufacturer have an improvement like that!!! Talk about a turn around! For those who love to complain about Profit Sharing for the UAW, I've done some math for you. Please feel free to check it. Eligible employees according to Ford - 40,600. AVERAGE check - $5,000 Total of Profit Sharing checks - $203,000,000 Total net profit for the year - $6.6 billion Percentage of net profit used for profit sharing - $203 million divided by $6.6 billion = 0.03 for a 3% "chunk" of profits. Yes, only 3% of total profits for the year are going to Profit Sharing for UAW workers. Also, profit sharing is based only on US sales profit. Somewhere there are people who think the UAW get's 50% of profits and is killing Ford! Ford could not be in a better position. Getting their debt paid off, saving on interest, VEBA contributions paid in full, gained market share for 2 consecutive years, huge profit gain over last year with 2 profitable years in a row, all new Explorer and Focus hitting the market in US, all new engine line for F-150, and on and on. Ford has momentum and is hitting on all cylinders. I am going to guess Ford will have their debt to where they want it (All corporations "leverage" themselves a little at all times) by the end of this year. Then what will Wall Street say? Ford quit paying on their debt? Gotta complain about something I guess. What a great time to be Ford, work at Ford, and own Ford!! By the way, we had a line speed increase and we also have additional days scheduled every week now through April with more lined up "just in case." Steve
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My Filmmaking Career Website Latest Project: Musclin' My XB Interceptor project Wife's 1966 Mustang My Artworks and Creative Projects Site Oil Paintings, Airbrushing, Metal Sculpture, Custom Cars, Replica Movie Props, Videos, and more! |
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#6 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,271
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they would be doing in December as far as debt reduction goes. Wall Street got this $8 billion net profit figure in their head and when Ford "only" achieved $6.6 billion the apocalypse began..... completely ignoring Ford $14.5 billion debt reduction last year... |
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#7 | ||
I was correct - AGAIN
Join Date: May 2010
Location: Third rock from the sun
Posts: 1,801
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http://online.wsj.com/article/BT-CO-...28-714287.html
May Allan Mullay's reign continue for years to come. |
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#8 | ||
I ♥ EDM
![]() Join Date: Aug 2006
Posts: 5,141
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It would interesting to see stats on Ford Oz. As we seem to be taking a beating here.
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#9 | ||||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,271
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Quote:
FoA is part of the Asia pacific Africa region, here's the official results: Quote:
from 253,000 in 2009 to 827,000 last year....That's a huge increase in sales. FoA's 100,000 sales now looks small, our impact is now far less than India and China. FoA's annual sales revenue is usually just over $2 billion, APA's revenue is now $7.4 billion. By those estimates, even in these ordinary times FoA may have managed $20-30 million profit. Last edited by jpd80; 30-01-2011 at 09:14 AM. |
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#10 | |||
Compulsive Hobbiest
Join Date: May 2006
Location: Ohio, USA
Posts: 1,032
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JPD80, you are right. It seemed so many investors put all the weight on Ford meeting their guess and completely ignored Ford's actions to improve their financial status. I couldn't believe it.
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My Filmmaking Career Website Latest Project: Musclin' My XB Interceptor project Wife's 1966 Mustang My Artworks and Creative Projects Site Oil Paintings, Airbrushing, Metal Sculpture, Custom Cars, Replica Movie Props, Videos, and more! |
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#11 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
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Ford, Mullaly and Booth are doing the right thing! Paying off the debt even though there were some hefty fees attached is a great thing. A $14B reduction in debt for 2010 is an AWESOME achievement.
About half came from profits, the other came from early repayment. The first point is that they are making money to begin with. The second which is really important, is that they feel comfortable with the amount of cash on hand and debt available to them. Clearly Ford believe the worst is behind them and that even with increasing R&D and launch costs for the new models, Ford is now a solidly profitable business.
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BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
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#12 | |||
FF.Com.Au Hardcore
Join Date: Feb 2008
Posts: 2,312
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My ride: 2007 Falcon Ute BF XR8 Orange, MTO. |
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#13 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Newcastle
Posts: 3,246
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Quote:
Or with Ford making about 5.3 million vehicles globally in 2010, you could say about $200/vehicle was saved.
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BA2 XR8 Rapid M6 Ute - Lid - Tint -18s 226.8rwkW@178kmh/537Nm@140kmh 1/9/2013 14.2@163kmh 23/10/2013 Boss349 built. Not yet run. Waiting on a shell. Retrotech thread http://www.fordforums.com.au/showthr...1363569&page=6 |
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#14 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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http://www.autoblog.com/2011/01/28/f...-6-6b-in-2010/
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Daniel |
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#15 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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http://www.caradvice.com.au/101411/f...rofit-in-2010/
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Daniel |
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#16 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Ford profit soars to $8.3 billion
http://www.goauto.com.au/mellor/mell...25782A000B2F87 Quote:
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Daniel |
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#17 | |||
Regular Member
Join Date: Oct 2007
Location: Brisbane
Posts: 70
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Quote:
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