Ford announced on Thursday that it posted a net gain of $100 million during the first quarter of 2008. That gain comes off a total revenue of $43.5 billion. In comparison, during the same time frame last year, Ford posted a net loss of $282 million on revenue of $43 billion.
While Ford’s North American operations continue to improve, its operations were still in the red. According to Automotive News, Ford posted a North American pre-tax loss of $45 million, which is a significant improvement over the $613 million loss a year ago.
“The improvement reflected cost reductions of $1.2 billion, including lower structural and product costs,” Ford said in a statement.
Ford of Europe also saw some significant gains. In Europe, Ford posted a pre-tax gain of $739 million on $10.2 billion in revenue, well above the $219 million in pre-tax gains — on $8.6 billion in revenue — the company saw last year.
04/24, 9:49 AM
posted by:
lucklaster
It’s a start. Farley and Mulally are a good team.
04/24, 9:59 AM
posted by:
Brendino
Ha. Pre-tax in Europe probably means that 60% of it goes to the state.
Good for Ford though…it’s great to see that despite some iffy product launches, they’re still starting to break even.
04/24, 10:17 AM
posted by:
Quadruple15
No way Ford is getting any better. Toyota and Honda are the only good car companies. I have select cherry picked numbers to back it up!
04/24, 10:21 AM
posted by:
Z06ified
All hail the mighty Blue Oval! Back in the black.
04/24, 10:24 AM
posted by:
Need4SSpeed
Yeah, good for Ford! Keep it up.
04/24, 10:28 AM
posted by:
lucklaster
Quad:
lol
04/24, 10:36 AM
posted by:
mayer_ray_nagin
I know I am starting to see MKXs, MKZs, Edges, and new Focuses all over the place, so I believe good things are happening at Ford. Problem is I do not believe they are consistent enough to not rest on their meager laurels.
04/24, 10:36 AM
posted by:
johnnycanuck
Kind of puts the pressure on the Flex and the Taurus to maybe get them in the black over here.
04/24, 10:59 AM
posted by:
tripleonefive
I see a lot of MKX’s, a few MKZs, Edges, and a few new Focuses.
I think the CUVs are driving the sales. For a Ford the MKX is a nice CUV. I love the 60’s lincoln grille although i think they will change it in 09 to make it look like the MKT.
I got into the MKX at the Auto show and the interior was ok and the seats where nice but there were some noticable “affordable plastics and some gaps in the panels and the leather was very thin and prone to wearing fast.
They still need to fix the little things but all and all its not that bad. As long as its inexpensive it will sell well
If Ford gets their quality up they can be considered alongside the Japanese
04/24, 11:11 AM
posted by:
shaver
That was quicker then I expected, good for them. Hopefully they are done putting people out of work.
04/24, 11:57 AM
posted by:
HoosierHero
With the sale of Jag/AM/LR, Ford got a chance to get back to its core competence. You’ll see an even bigger improvement in the coming year as they introduce some new/refreshened models. Ford is really trying hard to update their image and they’ve already succeeded in improving quality. I’m glad to see it. Now if only Chrysler can do the same…
04/24, 12:03 PM
posted by:
LaCaLover
Whatever money Ford makes it needs to invest it in decent car product. There is not one desirable model in the Ford US range at present.
04/24, 12:07 PM
posted by:
johnnycanuck
Hello LaCaLover, anybody home? The Mustang?
04/24, 12:08 PM
posted by:
LaCaLover
HEllo leaf springs
04/24, 12:11 PM
posted by:
LaCaLover
Sorry I meant live axle
04/24, 12:27 PM
posted by:
johnnycanuck
…puhleeze
04/24, 12:37 PM
posted by:
LaCaLover
It aint desirable to me.
04/24, 12:38 PM
posted by:
jimmy8
Have you seen the most recent JD Power reports? Ford is in a dead heat with Honda and Toyota in initial quality. Wait until you see the new Fusion and Taurus. JAWDROPPERS!!!!!!!!!
04/24, 1:03 PM
posted by:
Quadruple15
JD Powers is pay for play!
04/24, 1:55 PM
posted by:
AMGoff
Good for Ford… an solid improvement of revenue and an overall net-gain. All they need to do is to continue concentrating on their core brands while ignoring incessant, over-opinionated twaddle.
Jimmy8… you can’t believe JD Power… they’ve been deemed incorrect, invalid, and irrelevant by the highest of automotive standards. You MUST clear the merit of any information you bring by ONE source and ONE source only. Then and only then may you perceive things and formulate your own opinion with ease of mind.
04/24, 2:27 PM
posted by:
ARMY Strong
i will bow to Mulally and Farley; cant wait till the 2009 F150 comes out though im going to wait a year to get the 6.2 BOSS V8 with it, ill take it in Platinum in Black.
04/24, 4:43 PM
posted by:
1c3d0g
About damn time, Ford!
04/24, 5:53 PM
posted by:
Bimmer
Way to go, Ford!
04/25, 2:05 AM
posted by:
jdasch1
Nice to see the Blue Oval shine!!! Bring on the new diesels and Ecoboost. I will buy one!!
04/25, 2:23 PM
posted by:
beantownslut
That’s right!
That’s right!
@1115
If the Japanese get their quality up they can be considered alongside Ford
04/26, 2:24 AM
posted by:
dodgeyaussie
Still. Need. Falcon.
04/26, 9:32 AM
posted by:
Brendino
Cheers to that, dodgeyaussie. I saw the new Falcon in Melbourne…that is a great looking ride, especially the interior.