Ford reports stronger-than-expected earnings

Article Abstract:

Ford Motors reported fourth quarter earnings of $1.04 billion, down 41.9% from year-ago figures. The US auto giant now has $23.81 billion in cash holdings. Ford, along with Italy's Fiat S.p.A., is said to have made a bid to buy Sweden's Volvo. Volvo is thought to be much more interested in being bought by Ford than by Fiat for two reasons: (1) management would likely be left intact in Sweden if Ford bought it and (2) Ford has more money to put into the business.

Sales, profits & dividends, Finance

---

Ford tries to avoid closings in wake of factory explosion

Article Abstract:

The explosion at the Ford Motor Co. power plant on Feb. 1st could be under investigation for awhile. And while Ford's immediate concern is for the victims of the explosion and fires, it will undoubtedly try to decide how best to keep production at an acceptable pace at other facilities. It also does substantial manufacturing at the River Rouge complex, an 1,100-acre site, where the explosion occurred.

Comment:

Explosion in River Rouge, Michigan, could impact production

Production management, Coal-fired power plants, Coal fired power plants

---

Similar abstracts:

• Abstracts: CompUSA issues profit warning as sales slow. CompUSA net falls 54% on price cuts on computers in wake of acquisition
• Abstracts: Court rules against states on patent suits. Jones to acquire Nine West in $900 million deal. Consultants sing the siren song of Wall Street
• Abstracts: Hilton cites Asia in profit warning for 3rd quarter. Bergen to buy PharMerica Inc. in stock deal
• Abstracts: Chrysler posts redord profit of $1 billion: earnings exceed forecasts as a number of factors offset incentive costs
• Abstracts: A struggling Adobe rejects bid by Quark Novell, once foundering, finds a way to coexist with Microsoft

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.