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02-07-2020, 04:56 PM
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#1 |
   
Drives: 2013 Camaro convertible 2SS/RS Join Date: Sep 2014
Location: Southern NH
Posts: 1,077
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Not good news for Ford
Ford 4th quarter losses is very shocking. 1.7 billion loss
https://www.reuters.com/article/us-f...-idUSKBN1ZY2P6 |
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02-07-2020, 06:12 PM
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#2 |
       
Drives: 2017 Camaro ZL1 Coupe Join Date: May 2016
Location: Georgia
Posts: 5,813
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Oh well, sorry for them!
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ZL1 Coupe, PDR, Exposed carbon fiber hood insert, My Link with Nav, M6 6 speed and Silver Ice Metallic. Mods done: ceramic window tint, GM Accessories Camaro floor mats and Roto-Fab CAI.
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02-07-2020, 06:41 PM
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#3 |
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Drives: 2024 Riverside Blue 2SS 1LE Join Date: Mar 2016
Location: Fort Wayne, IN
Posts: 1,208
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that's nothing on sales of 37 billion. They wrote off a couple billion in restructuring and a couple more billion for bonuses on the wage agreement. They plan on writing off another couple billion this year. That's peanuts to the big three, but I sure would not buy any stock. If you look at EBITA they are a 6-7 billion in the black so it's not all gloom and doom.
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02-07-2020, 06:50 PM
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#4 |
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Drives: Hopefully 6th gen Camaro Join Date: May 2015
Location: Socal
Posts: 586
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02-07-2020, 06:55 PM
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#5 |
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Account Suspended
Drives: 19 Camaro SS 1LE, 03 Ford Lightning Join Date: Nov 2019
Location: South Carolina
Posts: 334
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It's 2004 all over again.
All these Ford fans bragging about Ford not taking a bailout in 08/09 is because every quarter back in the early 2000's was Ford taking billion dollar loses. This caused them to take actions to be able to survive their huge loses and not go bankrupt. |
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