Ford Posts Third Quarter 2009 Net Income of $1 Billion; Cash Flow Turns Positive; North America Profitable

* Special items detailed in Special Items tables below.

    THIRD QUARTER SPECIAL ITEMS                           Income/(Loss)
    (in millions)                                         -------------
    Personnel and Dealer-Related Items:                2008          2009
    -----------------------------------                ----          ----
    Automotive Sector
      Ford North America
        Retiree health care and related charges      $2,569         $(120)
        Personnel-reduction actions                    (197)          (23)
        U.S. dealer actions                             (38)          (13)
        Job Security Benefits                           320            22
                                                        ---           ---
          Total Ford North America                    2,654          (134)
      Ford South America
        Personnel-reduction actions                       -            (6)
      Ford Europe
        Personnel-reduction actions                     (40)          (16)
      Ford Asia Pacific Africa
        Personnel-reduction actions                     (28)           (6)
      Volvo
        Personnel-reduction actions                     (15)           (3)
        U.S. dealer actions                             (11)            -
                                                       ----           ---
          Total Volvo                                   (26)           (3)
      Other Automotive
        Returns on assets held in the Temporary Asset
         Account ("TAA")                               (250)           93
                                                      -----           ---
          Total Personnel and Dealer-Related Items -
           Automotive sector                          2,310           (72)

    Other Items:
    ------------
    Automotive Sector
      Ford North America
        Accelerated depreciation related to AutoAlliance
         International, Inc. ("AAI") acquisition of
         leased facility                                (82)            -
        Gain/(Loss) on sale of Automotive Components
         Holding , LLC ("ACH") plants                   (19)            -
                                                       ----           ---
          Total Ford North America                     (101)            -
      Volvo
        Held-for-sale cessation of depreciation and
         related charges                                  -           163
        Other Automotive
        Gain on debt securities exchanged for equity     35             -
        Net gains on debt reduction actions               -             8
                                                                     -                          -
                    Total  Other  Automotive                                                  35                          8
            Jaguar  Land  Rover
                Sale-related/Other                                                            (37)                        -
                                                                                                              ----                      ---
                    Total  Other  Items  -  Automotive  sector                (103)                    171
        Financial  Services  Sector
                DFO  Partnership  -  gain  on  sale                                        -                          9
                                                                                                                ---                      ---

                    Total                                                                            $2,207                    $108
                                                                                                          ======                    ====

        Memo:
        Special  Items  Impact  on  Earnings  Per  Share*              $1.25                  $0.03
                                                                                                            =====                  =====
 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
Sr. Mechanical Engineer for Kateeva at Newark, CA
Senior Design Engineer for Kaman at Gilbert, AZ
MECHANICAL ENGINEER for Peter R. Thom and Associates at ORINDA, CA
Mgr Mechanical Engineering 2 for Northrop Grumman at Melbourne, FL
Upcoming Events
Solidworks World 2017 at Los Angeles CA - Feb 5 - 8, 2017
Design & Manufacturing at Anaheim Convention Center Anaheim CA - Feb 7 - 9, 2017
ACE 2017 Nashville at Nashville TN - Mar 21 - 23, 2017
Innorobo 2017 at Docks de Paris Paris France - May 16 - 18, 2017
SolidCAM: Patented Wizard to optimal feeds & speeds
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy Advertise