Ford sent out a warning to Wall Street: We're not gonna make it. "It" is the profit forecasts that Ford projected for 2005 and 2006. Higher material costs and the crippling effects of higher healthcare costs in the U.S. are cited as reasons. Ford predicts 2005 profits will be at least 14 percent lower than anticipated and does not expect to reach their profit goal of $7 billion before taxes in 2006. After the warning, Standard & Poor's cut its debt rating on Ford to "negative". Its just getting worse before it gets better, we hope.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X