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Ford Only Loses $380 Million, Happy Days Are Here Again

This time last year we were telling you about how Ford lost a whopping $5.7 billion in the third quarter of 2006. We've got good news: Ford only lost $380 million in the third quarter of 2007. Mission Accomplished! Break out the fizzy wine and caviar! Revenue was up to $41.1 billion for the quarter, compared to just $37.1 billion in 3Q06. The improvement is tied to "higher net pricing, changes in currency exchange rates and improved product mix." By improved product mix we totally hope they're talking about the Taurus, which totally didn't exist a year ago. Full press release below the jump... More »

1:45 PM on Thu Nov 8 2007
By Matt Hardigree
567 views, 8 comments

Latest by rlj676: @smokyburnout: Cramer is actually big on Ford right now. I think he has it as a buy. He can understand financials more than the avg guy and understands the progress despite it still being a loss. more »