Ford Motor Company Reports 2006 Q4 And FY Results

"While challenges lie ahead for us in 2007, we're focused on making continuous improvements to our plan, so we can capitalize on opportunities to create and sell more products and save more costs," Mulally said. "Our priorities, combined with our sense of urgency, will continue to transform Ford Motor Company."

Also shared were planning assumptions regarding the industry, operating metrics and profit outlook by business unit.

    2007 Planning Assumptions

    Industry Volumes
    - U.S. (Mils.)              16.8
    - Europe (Mils.)            17.6

    U.S. Industry Net Pricing   Lower

    2007 Operational Metrics

    Quality                     Improved
    Market Share
    - U.S.                      Lower
    - Other Regions             Higher

    Automotive Costs*           Lower
    Cash Flow                   Negative
    Capital Spending            About $7 billion

    *At constant volume, mix and exchange; excludes special items

    Pre-tax Profits by Major Operation

                                          2007 Plan       Comparison to 2006
    North America                            Loss
    South America                            Profit

    Europe                                   Profit
    P.A.G.                                   Profit

    Asia Pacific and Africa                  Loss
    Mazda and Associated Operations          Profit

     Subtotal Automotive Operations          Loss                Improved

    Other Automotive (Primarily Interest)    Loss                Worse

     Total Automotive                        Loss                Worse

    Financial Services                       Profit              Worse

    Pre-Tax Results Excl. Special Items      Loss                Worse

    Taxes                                    ~Zero               Worse

    After-Tax Results Excl. Special Items    Loss                Worse

    Special Items                            Loss                Improved

    Net Results                              Loss                Improved


Ford Motor Company [NYSE: F] will release fourth quarter and full year 2006 financial results at 7 a.m. EST on Thursday, Jan. 25. The following briefings will be held after the announcement:

At 9 a.m. EST, Alan Mulally, president and chief executive officer, and Don Leclair, executive vice president and chief financial officer, will host a conference call for news media and analysts to discuss fourth quarter and full year financial results.

Following the earnings call, at 11 a.m. EST, Ford Senior Vice President and Controller Peter Daniel, Ford Vice President and Treasurer Ann Marie Petach, and Ford Motor Credit Company Vice Chairman and CFO K.R. Kent will host a conference call for fixed income analysts and investors.

The presentations (listen-only) and supporting materials will be available on the Internet at Representatives of the news media and the investment community participating by teleconference will have the opportunity to ask questions following the presentations.

    Access Information - Thursday, Jan. 25
    Toll Free: 800-706-7741
    International: 617-614-3471

    Earnings: 9:00 a.m. EST
    Earnings Passcode: "Ford Earnings"

    Fixed Income:   11:00 a.m. EST
    Fixed Income Passcode: "Ford Fixed Income"

    Replays - Available through Thursday, Feb. 1
    Toll Free: 888-286-8010
    International: 617-801-6888

    Earnings: 29481628
    Fixed Income: 55865600

    Safe Harbor/Risk Factors

Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including, without limitation:

    -- Continued decline in market share;
    -- Continued or increased price competition resulting from industry
       overcapacity, currency fluctuations or other factors;
    -- A market shift (or an increase in or acceleration of market shift) away
       from sales of trucks or sport utility vehicles, or from sales of other
       more profitable vehicles in the United States;
    -- A significant decline in industry sales, particularly in the United
       States or Europe, resulting from slowing economic growth, geo-political
       events (e.g., an escalation or expansion of armed conflict in or beyond
       the Middle East) or other factors;
    -- Lower-than-anticipated market acceptance of new or existing products;
    -- Continued or increased high prices for or reduced availability of fuel;
    -- Currency or commodity price fluctuations;
    -- Adverse effects from the bankruptcy or insolvency of, change in
       ownership or control of, or alliances entered into by a major
    -- Economic distress of suppliers that  has  in  the  past  and  may  in  the
              future  require  us  to  provide  financial  support  or  take  other  measures
              to  ensure  supplies  of  components  or  materials;
        --  Work  stoppages  at  Ford  or  supplier  facilities  or  other  interruptions  of
        --  Single-source  supply  of  components  or  materials;
        --  Labor  or  other  constraints  on  our  ability  to  restructure  our  business;
        --  Worse-than-assumed  economic  and  demographic  experience  for  our
              postretirement  benefit  plans  (e.g.,  discount  rates,  investment  returns,
              and  health  care  cost  trends);
        --  The  discovery  of  defects  in  vehicles  resulting  in  delays  in  new  model
              launches,  recall  campaigns  or  increased  warranty  costs;
        --  Increased  safety,  emissions,  fuel  economy  or  other  (e.g.,  pension
              funding)  regulation  resulting  in  higher  costs,  cash  expenditures,
              and/or  sales  restrictions;
        --  Unusual  or  significant  litigation  or  governmental  investigations
              arising  out  of  alleged  defects  in  our  products  or  otherwise;
        --  A  change  in  our  requirements  for  parts  or  materials  where  we  have
              entered  into  long-term  supply  arrangements  that  commit  us  to  purchase
              minimum  or  fixed  quantities  of  certain  parts  or  materials,  or  to  pay  a
              minimum  amount  to  the  seller  ("take-or-pay  contracts");
        --  Inability  to  access  debt  or  securitization  markets  around  the  world  at
              competitive  rates  or  in  sufficient  amounts  due  to  additional  credit
              rating  downgrades,  unfavorable  capital  market  conditions,  insufficient
              collateral,  greater-than-expected  negative  operating-related  cash  flow
              or  otherwise;
        --  Higher-than-expected  credit  losses;
        --  Increased  competition  from  banks  or  other  financial  institutions
              seeking  to  increase  their  share  of  financing  Ford  vehicles;
        --  Changes  in  interest  rates;
        --  Collection  and  servicing  problems  related  to  finance  receivables  and
              net  investment  in  operating  leases;
        --  Lower-than-anticipated  residual  values  or  higher-than-expected  return
              volumes  for  leased  vehicles;
        --  New  or  increased  credit,  consumer  or  data  protection  or  other
              regulations  resulting  in  higher  costs  and/or  additional  financing
              restrictions;  and
        --  Inability  to  implement  the  Way  Forward  plan.

« Previous Page 1 | 2 | 3 | 4  Next Page »

Review Article Be the first to review this article
IMTS 2018 Register Now>>

Featured Video
GIS Specialist for Metro Wastewater Reclamation District at Denver, Colorado
Upcoming Events
34th Annual Coordinate Metrology Society Conference 2018 at Grand Sierra Resort, 2500 East Second Street Meeting & Covention Center Reno NV - Jul 23 - 27, 2018
Design of Experiments (DOE) for Process Development and Validation (NTZ) 2018 at DoubleTree by Hilton San Diego Downtown 1646 Front St San Diego CA - Aug 2 - 3, 2018
FARO Measure And Inspect 2018 at Maple Hotel Bangkok Thailand - Aug 8, 2018
COMSOL Conference 2018 Bangalore at ITC Gardenia 1, Residency Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka India - Aug 9 - 10, 2018
Kenesto: 30 day trial

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise