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View Full Version : Ford - Biggest Writedown in Corporate History - US$8.7b


btm
25th July 2008, 09:06 AM
Ford setting new records for all the wrong reasons... so that's now a loss of US$15.3b over two years!

http://www.bloomberg.com/apps/news?pid=20601087&sid=avl0kggLsQCs&refer=home
EL BURITO
25th July 2008, 09:20 AM
Neither Ford nor GM has posted an annual profit since 2005. Their struggles prompted professor Edward Altman to project this week that each has about a 46 percent chance of default within five years.


:eek::eek::eek::eek:
btm
25th July 2008, 09:30 AM
clearly neither of them have been kicking any goals globally for some time...
Huhness
25th July 2008, 03:54 PM
Ford isn't acting like its on its last legs..?? Maybe they should before its too late?? Has anyone even heard from Ford what they have planned for the future???
EL BURITO
25th July 2008, 04:32 PM
Ford isn't acting like its on its last legs..?? Maybe they should before its too late?? Has anyone even heard from Ford what they have planned for the future???
I have also found this (http://business.watoday.com.au/business/mazda-shapes-fords-future-20080724-3kan.html?page=-1)
looks like Ford is looking to Mazda to save there bums


kinda makes sense seeing as my car and the 2L mazda 3 have the same motor
Calibrated
25th July 2008, 04:36 PM
Ford and Mazda have been sharing vehicles for years.

wow. cant understand how GM cant make a profit ??? they have some of the top selling cars in their classes under they're wing...
btm
25th July 2008, 04:49 PM
Ford and Mazda have been sharing vehicles for years.
true - the escape and the tribute is one i can think of
EL BURITO
25th July 2008, 04:51 PM
Ford and Mazda have been sharing vehicles for years.

wow. cant understand how GM cant make a profit ??? they have some of the top selling cars in their classes under they're wing...
prob the same reason mentioned in the 2 articles both Ford and GM rely on Trucks to make money and guess there making them but there not selling the article also mentions the small profit margins on small cars
poita
25th July 2008, 06:55 PM
yer ford and mazda have shared quite a few cars
focus-mazda3
laser-323, familia
tx5-626
b series-courier
capella-telstar/probe
the list goes on.
funnily enough ford laser parts are cheaper from mazda than ford...........

bad to see ford is such a state, besides GM are there really any other global car companies?
and the obvious thing, fuel prices. ppl are buyin more into the small car market, so the higher priced more profitable vehicles arent sellin as much.
Shaun
25th July 2008, 07:29 PM
Not supprising. The USA economy if ****ed right now... Hence why Daimler Sold Chrysler off due to they werent making money and dragging the rest of the company down as well.