Ford ’s North American operations will become profitable in 2009, CFO Don Leclair told analysts today. Leclair didn’t say how large the profit would be, but an unlabeled chart shown during his presentation suggests the figure will be small.
One analysts described the bar representing Ford ’s 2009 income as a “thin sliver of profits,” according to Automotive News. Another analyst estimated the profit will stand around $250 million.
So far this year, Ford’s North American operations reported a loss of $3.3 billion. Ford hopes to reduce its operating costs by $5 billion by the end of 2008, but other one-time costs are likely to be incurred over the coming years.
