Ford posts $2.6 Billion Q2 Profit - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

All-Or-Nothing · 07-23-2010, 07:26 AM

Ford Posts $2.6B Q2 Profit
!

•Ford reports second quarter net income of $2.6 billion, or 61 cents per share, a $338 million improvement from second quarter 2009. Pre-tax operating profit totaled $2.9 billion, or 68 cents per share, a $3.5 billion improvement from second quarter 2009 and a $932 million improvement from first quarter 2010++
•Ford Automotive operations posted a second quarter pre-tax operating profit of $2.1 billion, a $3.2 billion improvement from second quarter 2009 and $872 million improvement from first quarter 2010
•Each Automotive business operation reported a profit for the quarter and showed improvement compared with a year ago; Ford North America reported second quarter pre-tax operating profit of $1.9 billion, a
$2.8 billion improvement from second quarter 2009 and $645 million improvement from first quarter 2010
•Revenue for the quarter totaled $31.3 billion, up $4.5 billion from second quarter 2009; excluding Volvo revenue from 2009, the revenue increase was $7.4 billion, or over 30 percent++
•Ford ended the quarter with $21.9 billion of Automotive gross cash and total liquidity of $25.4 billion. Automotive operating-related cash flow was $2.6 billion positive
•Ford retired $7 billion of debt, lowering annualized interest costs by more than $470 million. Ford ended the quarter with $27.3 billion in Automotive debt
•Pre-tax operating profit in the first half equaled $5 billion, a $7.5 billion improvement over first half 2009++
•Ford Credit reported second quarter pre-tax operating profit of $888 million, a $242 million improvement from second quarter 2009 and a $60 million improvement from first quarter 2010
•Ford is on track to deliver solid profits in 2010 with positive Automotive operating-related cash flow, and continued improvement in 2011
•By the end of 2011, Ford expects to move from an Automotive net debt position to a net cash position

http://media.ford.com/article_displa...ticle_id=32973

UCI CamaroFan · 07-23-2010, 08:38 AM

Ford's CEO on the face of the $100 bill

MuscleCarz · 07-23-2010, 06:57 PM

a_Username · 07-24-2010, 12:14 AM

Good news!

Sax1031 · 07-24-2010, 11:47 AM

Great news

And Mulally is apparently a hell of a CEO. What he has been doing with Ford is amazing.

07-23-2010, 07:26 AM	#1
All-Or-Nothing Account Suspended Drives: BMW 6 series Vert Join Date: Aug 2009 Location: Right Here Posts: 979	Ford posts $2.6 Billion Q2 Profit Ford Posts $2.6B Q2 Profit ! •Ford reports second quarter net income of $2.6 billion, or 61 cents per share, a $338 million improvement from second quarter 2009. Pre-tax operating profit totaled $2.9 billion, or 68 cents per share, a $3.5 billion improvement from second quarter 2009 and a $932 million improvement from first quarter 2010++ •Ford Automotive operations posted a second quarter pre-tax operating profit of $2.1 billion, a $3.2 billion improvement from second quarter 2009 and $872 million improvement from first quarter 2010 •Each Automotive business operation reported a profit for the quarter and showed improvement compared with a year ago; Ford North America reported second quarter pre-tax operating profit of $1.9 billion, a $2.8 billion improvement from second quarter 2009 and $645 million improvement from first quarter 2010 •Revenue for the quarter totaled $31.3 billion, up $4.5 billion from second quarter 2009; excluding Volvo revenue from 2009, the revenue increase was $7.4 billion, or over 30 percent++ •Ford ended the quarter with $21.9 billion of Automotive gross cash and total liquidity of $25.4 billion. Automotive operating-related cash flow was $2.6 billion positive •Ford retired $7 billion of debt, lowering annualized interest costs by more than $470 million. Ford ended the quarter with $27.3 billion in Automotive debt •Pre-tax operating profit in the first half equaled $5 billion, a $7.5 billion improvement over first half 2009++ •Ford Credit reported second quarter pre-tax operating profit of $888 million, a $242 million improvement from second quarter 2009 and a $60 million improvement from first quarter 2010 •Ford is on track to deliver solid profits in 2010 with positive Automotive operating-related cash flow, and continued improvement in 2011 •By the end of 2011, Ford expects to move from an Automotive net debt position to a net cash position http://media.ford.com/article_displa...ticle_id=32973

07-23-2010, 08:38 AM	#2
UCI CamaroFan Zot! Drives: Toyota 4Runner Join Date: Feb 2009 Location: Orange County, California Posts: 1,317	Ford's CEO on the face of the $100 bill __________________

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07-23-2010, 06:57 PM	#3
MuscleCarz Drives: 5.4 3v Join Date: May 2009 Location: The Lake Posts: 194

07-24-2010, 12:14 AM	#4
a_Username Drives: 2010 2SS Camaro Join Date: Jul 2009 Location: Murfreesboro, TN Posts: 3,890 View My Garage	Good news!

07-24-2010, 11:47 AM	#5
Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	Great news And Mulally is apparently a hell of a CEO. What he has been doing with Ford is amazing.