Ford loses $12.7 bn-Ouch!!! - Mercedes-Benz Forum

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post #1 of 13 (permalink) Old 01-25-2007, 08:09 PM Thread Starter
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Ford loses $12.7 bn-Ouch!!!

So what's that, $35m per day? Makes yer eyes water! I wonder if Aston Martin and Jaguar are on the chopping block?


Last Updated: Thursday, 25 January 2007, 14:35 GMT

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Ford hit by record $12.7bn loss

Ford is undergoing a major restructuring drive

Ford has reported a loss of $12.7bn (£6.5bn) for 2006 - the biggest annual loss in the embattled US carmaker's 103-year history.
A slump in sales, combined with major restructuring costs, saw the firm lose $5.8bn in the final three months of the year alone.
The iconic US carmaker has been struggling in the face of competition from Japanese rivals such as Toyota.
Ford has plans to close 16 factories in North America and cut 45,000 jobs.
The company, which is currently the second-biggest carmaker in the US, may be overtaken by Toyota in its domestic market later this year, reports have suggested.
'Aggressive actions'
We fully recognize our business reality and are dealing with it - we have a plan and are on track to deliver.


Alan Mulally, Ford chief executive



Check Ford's shares


Ford's full-year loss surpassed the company's previous record annual net loss of $7.39bn in 1992.
However, the company said it remained confident that it would return to profit by 2009.
"We fully recognize our business reality and are dealing with it," said Ford chief executive Alan Mulally.
"We have a plan and are on track to deliver. We began aggressive actions in 2006 to restructure our automotive business."
Ford had previously put much weight on sales of pick-up trucks and SUVs, or sport utility vehicles, to generate profits.
But a peak in the price of oil last year, which pushed US petrol prices up to $3 a gallon, saw customers abandon gas-guzzling vehicles in favour of smaller, more fuel-efficient cars.
Mr Mulally said Ford planned to "operate profitably at lower volumes and with a product mix that better reflects consumer demand for smaller, more fuel efficient vehicles". Ford, the world's third-biggest motor company, made a net profit of $1.44bn in 2005.
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post #2 of 13 (permalink) Old 01-25-2007, 08:12 PM
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Oh, and it gets better. Several of their top executives are in line for a hefty bonus. WTF is with that?

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post #3 of 13 (permalink) Old 01-25-2007, 08:19 PM
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Whats wrong Dead Rat? Rough Day, not making your sales quota on Condoms this month, oh well better hit those streets only a few days left this month. Oh and by the way, your topic here is a REPOST from no more than 12 hours ago

http://www.benzworld.org/forums/off-...w-job-1-a.html
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post #4 of 13 (permalink) Old 01-25-2007, 08:26 PM Thread Starter
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Originally Posted by Jakarta Expat
Whats wrong Dead Rat? Rough Day, not making your sales quota on Condoms this month, oh well better hit those streets only a few days left this month. Oh and by the way, your topic here is a REPOST from no more than 12 hours ago

http://www.benzworld.org/forums/off-...w-job-1-a.html
Here is your order. It's good that you are hung like mouse- wouldn't want your ladyboy 'wife's' arse to split, would you?
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post #5 of 13 (permalink) Old 01-25-2007, 08:31 PM
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Well at least it is now confirmed for sure, "You are a condom seller" now the only question is considering the notoriously cheapness of the British whether they are new condoms are used condoms.






(Note to self: Bookmark this thread for future reference for anything to do with Dead Rats profession)
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post #6 of 13 (permalink) Old 01-25-2007, 08:38 PM Thread Starter
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^^^^^

Bookmark this, wanker.
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post #7 of 13 (permalink) Old 01-26-2007, 01:28 AM
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^^^^^

Bookmark this, wanker.
Dead Rat response Confirms reported Rumour: having, raising and be the father of kids does not raise the maturity level of some.
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post #8 of 13 (permalink) Old 01-26-2007, 02:06 AM
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^Go fuck yerself yet again you bloody wanker piece.^ How's that for maturity pal?
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post #9 of 13 (permalink) Old 01-26-2007, 04:53 AM
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^Go fuck yerself yet again you bloody wanker piece.^ How's that for maturity pal?
Aw Shane, I am just not getting the message you are trying to convey. Tell me how you really feel, open up this time.
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post #10 of 13 (permalink) Old 01-26-2007, 05:01 AM Thread Starter
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Originally Posted by Jakarta Expat
Well at least it is now confirmed for sure, "You are a condom seller" now the only question is considering the notoriously cheapness of the British whether they are new condoms are used condoms.






(Note to self: Bookmark this thread for future reference for anything to do with

Dead Rats profession)

^^^^^^

This is your idea of maturity? Fucking dickhead.
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