• Nov 14th 2006 at 9:55PM
  • 16
Crystal ball time. Ford CFO Don Leclair has reiterated that the North American automotive operations will be profitable in 2009, even if only slightly. In Ford's announcement today, Leclair showed a chart that one analyst said displayed a "thin sliver of profits." Peter Nesvold of Bear Stearns estimated the 2009 profit from the chart at around $250 million. After Ford's North American loss of $3.3 billion, any profit is a good one.
Leclair went out of his way to say that the profit projection, just like the moves being made in Ford's operations, are a work in progress. Committing to a large profit with all of the market's uncertainties would be unwise. They are basing their profit projection on a market of around 17 million vehicle sales. The conference call Leclair was participating in was covering Ford's restatement of Q3 earnings.

[Source: Automotive News, sub req]

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
      • 8 Years Ago
      I have a 94 taurus thats still the best car. I haven't had a problem yet.
      • 8 Years Ago
      Why is it when you first turn on a Ford in the morning ITS NEVER SMOOTH?

      It idel's at like 2.5-3k until it warms up. Toyota's and Hondas don't do that. It just seems 80's to me.

      And the power steering pumps always "whine" on Fords, you can hear it on a brand new explorer and a 1986 Taurus.
      • 8 Years Ago
      I disagree about Fords quality and "disirable", what about the 500? Have "any" of you driven one? Or owned one. It's the best automoble and safest automobile on the market.
      I can vouche for that. This vehicale save my life in August. I had a 2005/500, a lady ran a red light, well needless to say if it was not for he quality of this automobile I would not be here. I bought another one (2006!)
      I will never own another brand. I have had Chevy, Mazda, Honda, Buick, Olds,Nissan (Datsun), Chrysler (BLA!), Ford is the best.
      • 8 Years Ago
      Hey Mike
      SHUT UP!
      • 8 Years Ago
      Yay, that only 9 more billion dollar losing quarters.
      • 8 Years Ago
      Hey MIKE ya forgot one, " fix it again tony " oops wait that was another manufacturer, lol. And now really how does ford know they will make any money in 2009? seeing there first way forward thinking in 2002 said they would be profitable by now !!! ITS ALL ABOUT GOOD PRODUCT FOLKS, good product good sales, no product as in fords case no mula !
      Cant wait for the huge propoganda PR move they plan to install tommorrow in there daily press bullcrap release ! perhaps they found a coupe bucks under bill fords desk next to a jar of exec lube and will change there last 3 quarters earnings statement ???
      • 8 Years Ago

      For Outstanding Reliability & Durability
      • 8 Years Ago
      Hey Mikey, you forgot one...Friggin' Old Rebuilt Dodge!
      I just hope someone in Fordland can come up with some new looks. That trademark grill is pretty old!
      • 8 Years Ago
      mike sounds like he is a wealth of redneck humor . how about something with a little thought. those jokes stopped being funny in the 3rd grade.
      • 8 Years Ago
      Petey, you may be right, but no one from Ford has stated there will be 9 more billion dollar losing quarters. I'd *hope* that in 2007 and 2008 that although there will be losses, it'll be a lot less as they approach profitability (i.e. a couple hundred million dollar loss).

      Also, I agree with the others that Mike is an idiot.
      • 8 Years Ago
      • 8 Years Ago
      "Fix or Repair Daily" was from way back in the 1980s

      Hello!!! That sayings been a round much longer than that I can remember my dad using it in the 50's.

      Surpised no one remembered "Frickin old rusty deathtrap"

      Every make has it's detractors and negative quality issues, yes even the vaunted Toyota, but the reality of the situation is far different.

      As for Fords current problems. How many of you folks own your own business? You have good times, you have bad times, the market changes, folks love ya or don't. You have profit years, and non profit years, you have to expand or pull back. It's called business and just like sports you can't win every game. My biggest wish is that everyone owns and runs their own business for at least five years, then let me know how well it went.

      If Ford can pull a profit in a tough market, good for them.
    • Load More Comments
    Share This Photo X