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
Harris:

Featured Video
Jobs
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
Lead Geospatial Analyst for Alion at McLean, VA
Upcoming Events
BIM World, PARIS at Espace Grande Arche Paris La Défense PARIS France - Mar 29 - 30, 2017
Anthology Architecture and Design Festival 2017, March 31 - April 2, 2017, Manila, Philippines at the Puerta del Parian Manila Philippines - Mar 31 - 2, 2017
2017 Spring BIMForum at Sheraton San Diego Hotel & Marina San Diego California - Apr 3 - 5, 2017
SPAR 3D Expo & Conference at Marriott Marquis 1777 Walker St Houston TX - Apr 3 - 5, 2017
Graphisoft ARCHICAD  Download a 30-Day FREE trial
Bentley:Microstation License
CADalog.com - Countless CAD add-ons, plug-ins and more.



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:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy