Ford today reported a net loss for the fourth quarter of $2.75 billion — roughly $1.30 per share. This compares to a loss of $5.63 billion, or $2.98 per share for the year-ago quarter.
Excluding one-time costs so-called special items, Ford ’s fourth-quarter loss from continuing operations was $429 million, compared with a 2006 loss of $2 billion.
For all of 2007, Ford reported a net loss of $2.7 billion, an improvement of $9.9 billion from 2006.
Ford’s operating loss (which excludes special items) was $366 million for 2007 — considerably better than the $2.7 billion loss in 2006.
All automotive operations, with the exception of North America, were profitable for the full year, excluding special items, and all automotive operations achieved improvements when compared with 2006.
For 2007, Ford’s North American automotive operations reported a pre-tax loss of $3.5 billion, compared to a loss of $6.0 billion a year ago. For the fourth quarter, North American operations reported a pre-tax loss of $1.6 billion, compared with a loss of $2.7 billion a year ago
Each of our Automotive operations is improving, and we are encouraged by the progress, which validates our strategy and plan,” said Ford President and CEO Alan Mulally.
