Ford Motor Co. is backing off its goal of $7 billion in pre-tax profits by 2006. Recent difficulties in the U.S. market and uncertainties abroad are forcing it to rethink its previously stated target, which is not seen as a do-or-die mandate, Chairman and CEO Bill Ford says in a prepared statement. “Obviously, there are actions we could take to achieve our pre-tax profit goal of $7 billion for 2006, but we will not mortgage Ford’s future by chasing an objective set under vastly different ...
Premium Content (PAID Subscription Required)
"Ford Backs Off $7 Billion Target, Cuts 2005 Outlook" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.