Ford Motor"> Ford Motor"> Ford Motor">

Ford Motor Company’s Chairman and CEO Bill Ford is ruling out bankruptcy for the Blue Oval. The Henry Ford scion believes that the company’s ‘strong liquidity’ ($31 billion in the coffers), downsizing efforts and profitable overseas operations will buoy the No. 2 automaker’s fortunes.

Ford has turned in three straight years of profits globally (including $2 billion in 2005), but that’s a 42-percent decline over 2004, and the Blue Oval lost $1.6B in North America, with market share down to 18-percent (it was 26-percent just ten years ago).

Ford did acknowledge that American auto industry is facing unprecedented challenges: “We’ve never had these kinds of wind buffeting us.”

The company’s NYSE shares fell 11 cents on Wednesday to close at $7.57.

[Sources: Associated Press via Newsday;]


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
  • 2015 Toyota Highlander
    MSRP: $29,765 - $44,140
    2015 Jeep Grand Cherokee
    MSRP: $29,995 - $64,895
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    2015 Honda Civic
    MSRP: $18,290 - $26,740
    2015 Mazda Mazda3
    MSRP: $16,945 - $25,545
    Share This Photo X